Area land needed to global oil in Venezuela

Venezuela: Area land needed to global oil was 412.89 million in 2023. ◆ Volatile

Latest (2023)
412.89 million
Change on year
up 18.6%
World rank
48th
of 59 countries
All-time high
462.98 million
in 2018
All-time low
52.15 million
in 1970
Years of data
52
1970–2023

Area land needed to global oil in Venezuela, 1970–2023

100.0M200.0M300.0M400.0M500.0M197019962023

Source: Our World in Data.

Analysis

In 2023, area land needed to global oil in Venezuela stood at 412.89 million.

That represents a change of up 18.6% on the previous year and up 78.4% over ten years.

Over the whole period, area land needed to global oil in Venezuela peaked at 462.98 million in 2018 and was at its lowest, 52.15 million, in 1970.

Venezuela ranks 48th of 59 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Area land needed to global oil in Venezuela, year by year

Annual values for Area land needed to global oil in Venezuela, 1970 to 2023.
Year Value Change
1970 52.15 million —
1972 54.98 million +5.4%
1973 52.48 million -4.5%
1974 56.46 million +7.6%
1976 59.48 million +5.3%
1977 59.72 million +0.4%
1978 65.82 million +10.2%
1979 69.81 million +6.1%
1980 234.28 million +235.6%
1981 138.18 million -41.0%
1982 101.84 million -26.3%
1983 134.91 million +32.5%
1984 239.19 million +77.3%
1985 184.35 million -22.9%
1986 108.05 million -41.4%
1987 96.73 million -10.5%
1988 125.86 million +30.1%
1989 138.90 million +10.4%
1990 150.13 million +8.1%
1991 163.53 million +8.9%
1992 152.80 million -6.6%
1993 171.42 million +12.2%
1994 182.74 million +6.6%
1995 219.84 million +20.3%
1996 228.78 million +4.1%
1997 280.62 million +22.7%
1998 268.39 million -4.4%
1999 299.35 million +11.5%
2000 325.94 million +8.9%
2001 340.66 million +4.5%
2002 198.74 million -41.7%
2003 180.60 million -9.1%
2004 190.65 million +5.6%
2005 200.23 million +5.0%
2006 202.13 million +0.9%
2007 212.42 million +5.1%
2008 195.79 million -7.8%
2009 281.49 million +43.8%
2010 342.87 million +21.8%
2011 276.30 million -19.4%
2012 229.05 million -17.1%
2013 231.44 million +1.0%
2014 303.99 million +31.3%
2015 373.38 million +22.8%
2016 366.81 million -1.8%
2017 427.66 million +16.6%
2018 462.98 million +8.3%
2019 291.08 million -37.1%
2020 370.26 million +27.2%
2021 378.61 million +2.3%
2022 348.20 million -8.0%
2023 412.89 million +18.6%

Venezuela compared with similar countries

  • Venezuela's 412.89 million is below the median for lower middle income countries, which is 1.26 billion, 33% of the median. (22 countries reporting)
  • Venezuela's 412.89 million is below the median for Latin America & Caribbean, which is 1.14 billion, 36% of the median. (21 countries reporting)

Biggest year-on-year movements

Years where Area land needed to global oil in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1980 +235.6% 69.81 million 234.28 million

Averages by decade

DecadeAverage LowestHighest Years
1970s 58.86 million 52.15 million 69.81 million 8
1980s 150.23 million 96.73 million 239.19 million 10
1990s 211.76 million 150.13 million 299.35 million 10
2000s 232.86 million 180.60 million 340.66 million 10
2010s 330.56 million 229.05 million 462.98 million 10
2020s 377.49 million 348.20 million 412.89 million 4

Countries ranked near Venezuela

  1. 45 Guinea-Bissau 550.83 million compare
  2. 46 Togo 520.05 million compare
  3. 47 El Salvador 504.63 million compare
  4. 49 Jamaica 403.27 million compare
  5. 50 Ecuador 403.06 million compare
  6. 51 Cambodia 395.24 million compare

See the full ranking of 59 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is area land needed to global oil in Venezuela?
Area land needed to global oil in Venezuela was 412.89 million in 2023, according to Our World in Data.
What is the highest area land needed to global oil recorded in Venezuela?
The highest recorded value was 462.98 million in 2018.
What is the lowest area land needed to global oil recorded in Venezuela?
The lowest recorded value was 52.15 million in 1970.
How does Venezuela rank for area land needed to global oil?
Venezuela ranks 48th out of 59 countries with data for 2023.
Is area land needed to global oil rising or falling in Venezuela?
Over the last ten years it is up 78.4%. The long-run trend across the full record is volatile.
Where does this Venezuela data come from?
The figures come from Our World in Data, published as part of Area land needed to global oil. Statizoid updates them automatically from the source API.

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Area land needed to global oil in Venezuela. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/area-land-needed-to-global-oil/venezuela-rb/

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About this data

Indicator
Area land needed to global oil
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
59 places, 2,960 data points, 1961–2023
Last refreshed