Gross domestic product per barrel

Gross domestic product per barrel

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Encyclopedia
Energy efficiency
Efficient energy use
Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...

 as it relates to oil usage can be described by the gross domestic product
Gross domestic product
Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....

 per barrel
Barrel
A barrel or cask is a hollow cylindrical container, traditionally made of vertical wooden staves and bound by wooden or metal hoops. Traditionally, the barrel was a standard size of measure referring to a set capacity or weight of a given commodity. A small barrel is called a keg.For example, a...

 (GDP per barrel) (GDP/barrel) of oil used . The original data for this is taken from two sources, the CIA World Fact Book and the List of countries by GDP (nominal) article from Wikipedia. It is also referred to as oil burden
Oil burden
Oil burden is the volume of petroleum consumed multiplied by the average price and divided by nominal gross domestic product.This gives the proportion of the world economy devoted to buying oil. It is a concept developed by Veronique Riches-Flores of Société Générale. It is also referred to as...

.

Criticism


First of all, this list is original research, though it consists of simple math, a casual user cannot verify rankings are accurate in a matter of a few minutes, and second of all, its usefulness is limited as it does not accurately reflect GDP energy or carbon intensity as oil is not the only significant hydrocarbon nor energy resource. The fact that many of the numbers from the CIA
Central Intelligence Agency
The Central Intelligence Agency is a civilian intelligence agency of the United States government. It is an executive agency and reports directly to the Director of National Intelligence, responsible for providing national security intelligence assessment to senior United States policymakers...

are mere guesses (see notes), figures are from differing years, and that many do not reflect the use of oil consumed in the process of making refined products makes this list even less meaningful. Also, the calculation is performed using nominal GDP which does not take into account of purchasing power of different currencies.

Data

GDP/barrel
Country GDP ($ millions) Rate GDP/bbl
United States 11,734,300 20030000 oilbbl/d 1605
Japan 4,671,198 5578000 oilbbl/d 2294
Germany 2,754,727 2677000 oilbbl/d 2819
United Kingdom 2,133,019 1722000 oilbbl/d 3393
France 2,046,292 2060000 oilbbl/d 2721
Italy 1,680,112 1874000 oilbbl/d 2456
China 1,653,686 6391000 oilbbl/d 708.9
Spain 1,041,338 1544000 oilbbl/d 1847
Canada 993,443 2193000 oilbbl/d 1241
South Korea 680,409 2168000 oilbbl/d 859.8
Mexico 675,254 1752000 oilbbl/d 1055
India 665,071 2320000 oilbbl/d 797.4
Australia 618,021 875600 oilbbl/d 1933
Netherlands 607,531 920000 oilbbl/d 1809
Brazil 603,783 2100000 oilbbl/d 787.7
Russia 581,783 2800000 oilbbl/d 569.2
Switzerland 357,969 258900 oilbbl/d 3788
Belgium 352,270 624200 oilbbl/d 1546
Sweden 346,926 346100 oilbbl/d 2746
Taiwan 305,200 915000 oilbbl/d 913.8
Turkey 302,561 715100 oilbbl/d 1159
Austria 294,663 286200 oilbbl/d 2820
Indonesia 257,806 1155000 oilbbl/d 611.5
Saudi Arabia 250,892 1775000 oilbbl/d 387.2
Norway 250,805 257200 oilbbl/d 2671
Poland 242,226 479200 oilbbl/d 1384
Denmark 241,690 188300 oilbbl/d 3516
South Africa 213,100 484000 oilbbl/d 1206
Greece 205,493 435700 oilbbl/d 1292
Finland 186,154 219700 oilbbl/d 2321
Ireland 184,700 175600 oilbbl/d 2881
Portugal 167,944 326500 oilbbl/d 1407
Hong Kong 164,144 260000 oilbbl/d 1729
Thailand 163,512 851000 oilbbl/d 526.4
Iran 161,483 1425000 oilbbl/d 310.4
Argentina 152,049 450000 oilbbl/d 925.7
Malaysia 118,318 510000 oilbbl/d 635.6
Israel 116,905 270100 oilbbl/d 1185
Venezuela 108,163 530000 oilbbl/d 559.1
Czech Republic 107,015 185200 oilbbl/d 2786
Singapore 106,822 705000 oilbbl/d 415.1
United Arab Emirates 104204 oilbbl/d 310,000 920.9
Pakistan 103,421 365000 oilbbl/d 776.2
Hungary 100,371 134100 oilbbl/d 2050
Colombia 97,389 134100 oilbbl/d 1989
New Zealand 96,678 151900 oilbbl/d 1743
Chile 94,100 228000 oilbbl/d 1130
Philippines 84,835 335000 oilbbl/d 693.8
Algeria 84,817 232000 oilbbl/d 1001
Egypt 77,032 566000 oilbbl/d 372.8
Romania 71,323 235000 oilbbl/d 831.5
Nigeria 71,318 310000 oilbbl/d 630.2
Peru 68,635 157000 oilbbl/d 1197
Ukraine 65,039 401000 oilbbl/d 444.3
Bangladesh 58,305 84000 oilbbl/d 1901
Kuwait 51,804 305000 oilbbl/d 465.34
Morocco 50,031 158000 oilbbl/d 867.5
Vietnam 43,891 216000 oilbbl/d 556.7
Slovakia 41,091 71000 oilbbl/d 1585
Kazakhstan 40,754 221000 oilbbl/d 505.2
Croatia 34,309 90000 oilbbl/d 1044
Slovenia 32,226 71400 oilbbl/d 1236
Luxembourg 31,695 55700 oilbbl/d 1558
Ecuador 30,300 155000 oilbbl/d 535.5
Tunisia 28,501 90000 oilbbl/d 867.6
Qatar 28,451 33000 oilbbl/d 2362
Libya 28,025 236000 oilbbl/d 325.3
Guatemala 25,959 66000 oilbbl/d 1077
Oman 24,824 62000 oilbbl/d 1096
Serbia and Montenegro 23,996 85000 oilbbl/d 773.4
Bulgaria 23,773 107000 oilbbl/d 608.7
Syria 23,745 240000 oilbbl/d 271.0
Belarus 22,888 252000 oilbbl/d 248.8
Lithuania 22,261 89000 oilbbl/d 685.2
Lebanon 21,768 102000 oilbbl/d 584.6
Sudan 21,585 70000 oilbbl/d 844.8
Sri Lanka 20,718 79000 oilbbl/d 718.5
Angola 19,523 46000 oilbbl/d 1162
Dominican Republic 19,445 128000 oilbbl/d 416.2
Costa Rica 18,511 40000 oilbbl/d 1267
Kenya 16,088 52000 oilbbl/d 847.6
Cameroon 15,865 23000 oilbbl/d 1889
El Salvador 15,802 40000 oilbbl/d 1082
Cote d'Ivoir 15,495 20000 oilbbl/d 2122
Cyprus 15,419 52000 oilbbl/d 812.3
Turkmenistan 13,982 80000 oilbbl/d 478.8
Panama 13,793 78000 oilbbl/d 484.4
Latvia 13,623 29000 oilbbl/d 1287
Uruguay 13,267 38000 oilbbl/d 956.5
Yemen 13,062 80000 oilbbl/d 447.3
Iceland 12,258 17280 oilbbl/d 1943
Trinidad and Tobago 12,019 29000 oilbbl/d 1135
Jordan 11,515 103000 oilbbl/d 306.2
Estonia 11,447 25000 oilbbl/d 1254
Tanzania 11,307 22000 oilbbl/d 1408
Bahrain 11,010 26000 oilbbl/d 1160
Uzbekistan 9,720 120000 oilbbl/d 221.9
Botswana 9,065 12000 oilbbl/d 2069
Ghana 8,854 39000 oilbbl/d 621.9
Bolivia 8,784 48000 oilbbl/d 501.3
Jamaica 8,677 69000 oilbbl/d 344.5
Azerbaijan 8,537 123000 oilbbl/d 190.1
Bosnia and Herzegovina 8,262 21000 oilbbl/d 1077
Ethiopia 8,005 27000 oilbbl/d 812.2
Senegal 7,637 31000 oilbbl/d 874.9
Albania 7,595 7500 oilbbl/d 2774
Honduras 7,429 37000 oilbbl/d 550.0
Gabon 7,226 12250 oilbbl/d 1615
Uganda 6,806 10000 oilbbl/d 1864
Paraguay 6,718 25000 oilbbl/d 736.2
Democratic Republic of the Congo 6,505 8300 oilbbl/d 2147
Nepal 6,359 15400 oilbbl/d 1131
Mozambique 6,086 11000 oilbbl/d 1515
Mauritius 5,907 21000 oilbbl/d 770.6
Zimbabwe 5,762 22500 oilbbl/d 701.6
Bahamas 5,718 23000 oilbbl/d 681.1
Brunei 5,692 12000 oilbbl/d 1299
Zambia 5,409 12250 oilbbl/d 1209
Afghanistan 5,392 5000 oilbbl/d 2954
Malta 5,369 18000 oilbbl/d 817.1
Burkina Faso 5,110 8000 oilbbl/d 1750
Mali 4,937 4250 oilbbl/d 3182
Cambodia 4,879 3700 oilbbl/d 3612
Macedonia 4,695 21000 oilbbl/d 612.5
Namibia 4,624 16000 oilbbl/d 791.7
Nicaragua 4,577 25200 oilbbl/d 497.6
Georgia 4,541 13000 oilbbl/d 957.0
Madagascar 4,359 15000 oilbbl/d 796.1
Republic of the Congo 4,349 5200 oilbbl/d 2291
Chad 4,220 1450 oilbbl/d 7973
Benin 4,053 12000 oilbbl/d 925.3
Guinea 3,917 8400 oilbbl/d 1277
Papua New Guinea 3,554 15000 oilbbl/d 649.1
Haiti 3,537 11800 oilbbl/d 821.2
Armenia 3,214 40000 oilbbl/d 220.1
Niger 3,141 5400 oilbbl/d 1593
Barbados 2,813 10000 oilbbl/d 770.6
Netherlands Antilles (Netherlands) 2,790 72500 oilbbl/d 105.4
Fiji 2,656 10000 oilbbl/d 727.6
Moldova 2,595 37000 oilbbl/d 192.1
Laos 2,434 2950 oilbbl/d 2260
Swaziland 2,361 3500 oilbbl/d 1848
Kyrgyzstan 2,210 11000 oilbbl/d 550.4
Tajikistan 2,073 25000 oilbbl/d 227.1
Togo 2,032 8500 oilbbl/d 654.9
Malawi 1,879 5450 oilbbl/d 944.5
Rwanda 1,835 6000 oilbbl/d 837.8
Mauritania 1,532 24000 oilbbl/d 174.8
Mongolia 1,516 11000 oilbbl/d 377.5
Lesotho 1,470 1400 oilbbl/d 2876
Central African Republic 1,309 2400 oilbbl/d 1494
Suriname 1,107 14000 oilbbl/d 216.6
Sierra Leone 1,071 6510 oilbbl/d 450.7
Belize 1,036 6000 oilbbl/d 473.0
Cape Verde 931 1200 oilbbl/d 2125
Antigua and Barbuda 803 3600 oilbbl/d 611.1
Guyana 786 11300 oilbbl/d 190
Saint Lucia 763 2520 oilbbl/d 829.5
Maldives 753 4000 oilbbl/d 515.7
Seychelles 703 7600 oilbbl/d 253.4
Burundi 664 3000 oilbbl/d 606.3
Djibouti 660 12000 oilbbl/d 150.6
Eritrea 627 4600 oilbbl/d 373.4
Bhutan 623 1100 oilbbl/d 1551
Grenada 437 1800 oilbbl/d 665.1
Saint Vincent and the Grenadines 404 1300 oilbbl/d 851.4
Gambia 401 2000 oilbbl/d 549.3
Saint Kitts and Nevis 397 700 oilbbl/d 1553
Comoros 369 700 oilbbl/d 1444
Samoa 316 1000 oilbbl/d 865.7
Vanuatu 311 620 oilbbl/d 1374
Dominica 271 800 oilbbl/d 928.0
Guinea-Bissau 270 2450 oilbbl/d 301.9
Solomon Islands 258 1270 oilbbl/d 556.5
Tonga 195 800 oilbbl/d 667.8
Kiribati 64 200 oilbbl/d 876.7
São Tomé and Príncipe 64 650 oilbbl/d 269.7

Biggest 30 economies
Country GDP/barrel (sorted)
Switzerland 3788
Denmark 3516
United Kingdom 3393
Austria 2820
Germany 2819
Sweden 2746
France 2721
Norway 2671
Italy 2456
Finland 2321
Japan 2294
Australia 1933
Spain 1847
Netherlands 1809
United States 1605
Belgium 1546
Poland 1384
Greece 1292
Canada 1241
South Africa 1206
Turkey 1159
Mexico 1055
Taiwan 913.8
South Korea 859.8
India 797.4
Brazil 787.7
China 708.9
Indonesia 611.5
Russia 569.2
Saudi Arabia 387.2

Calculations


GDP/bbl is calculated by taking the GDP * 1,000,000 and dividing by the bbl/d * 365 to give dollars (USD) of GDP per barrel of oil