Venezuela: Percent of world oil reserves

* indicates monthly or quarterly data series
 Venezuela

Percent of world oil reserves

 Latest value 17.88
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 8.92
 Min - Max 3.06 - 18.27
 Source The U.S. Energy Information Administration
The latest value from 2021 is 17.88 percent, a decline from 18.26 percent in 2020. In comparison, the world average is 0.53 percent, based on data from 187 countries. Historically, the average for Venezuela from 1980 to 2021 is 8.92 percent. The minimum value, 3.06 percent, was reached in 1981 while the maximum of 18.27 percent was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Venezuela - Percent of world oil reserves - Recent values chart

Historical series
Venezuela - Percent of world oil reserves - historical chart - 1980-2021




Definition: The share of world oil reserves is calculated as the proven oil reserves of a country as percent of the total proven oil reserves for the world.

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What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Percent of world population 0.36 2021 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 -0.04 2021 percent
 Percent of world oil reserves 17.88 2021 percent
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