Venezuela: Percent of world oil production
* indicates monthly or quarterly data series
| Venezuela |
Oil production percent of world total |
|---|---|
| Latest value | 0.919 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1973 - 2023 |
| Average | 3.909 |
| Min - Max | 0.696 - 7.887 |
| Source | The Global Economy |
The latest value from 2023 is 0.919 percent, an increase from 0.872 percent in 2022. In comparison, the world average is 0.526 percent, based on data from 190 countries. Historically, the average for Venezuela from 1973 to 2023 is 3.909 percent. The minimum value, 0.696 percent, was reached in 2020 while the maximum of 7.887 percent was recorded in 1973.
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* indicates monthly or quarterly data series
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Definition: Oil production as percent of total world oil production.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Percent of world population | 0.36 | 2023 | percent |
| Percent of world GDP | 0.61 | 2014 | percent |
| Percent of world exports | 0.35 | 2014 | percent |
| Percent of world imports | 0.67 | 2014 | percent |
| Percent of world FDI | 0.18 | 2023 | percent |
| Percent of world oil reserves | 17.88 | 2021 | percent |
| Percent of world foreign exchange reserves | 0.079 | 2017 | percent |
| Percent of world oil production | 0.919 | 2023 | percent |
| Electricity consumption percent of world total | 0.210 | 2023 | percent |