Area land needed to global oil in Nicaragua

Nicaragua: Area land needed to global oil was 16.19 billion in 2023. ◆ Volatile

Latest (2023)
16.19 billion
Change on year
down 0.7%
World rank
8th
of 59 countries
All-time high
16.31 billion
in 2022
All-time low
802.42 million
in 1985
Years of data
39
1985–2023

Area land needed to global oil in Nicaragua, 1985–2023

05.0B10.0B15.0B1985200420231985: 802.4M1986: 830.7M1987: 872.5M1988: 913.1M1989: 939.3M1990: 993.7M1991: 1.0B1992: 1.1B1993: 4.7B1994: 1.5B1995: 1.6B1996: 1.5B1997: 1.6B1998: 1.5B1999: 1.6B2000: 1.9B2001: 1.9B2002: 2.2B2003: 1.9B2004: 2.0B2005: 2.9B2006: 2.5B2007: 4.2B2008: 2.6B2009: 2.8B2010: 3.5B2011: 3.6B2012: 4.2B2013: 5.1B2014: 5.0B2015: 4.3B2016: 4.2B2017: 4.6B2018: 5.7B2019: 7.1B2020: 9.7B2021: 12.6B2022: 16.3B2023: 16.2B

Source: Our World in Data.

Analysis

The most recent figure for area land needed to global oil in Nicaragua is 16.19 billion, measured in 2023.

The figure is down 0.7% on the previous year and up 218.9% over ten years.

Over the whole period, area land needed to global oil in Nicaragua peaked at 16.31 billion in 2022 and was at its lowest, 802.42 million, in 1985.

Nicaragua ranks 8th of 59 countries on this measure, in the top quarter.

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

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

Annual values for Area land needed to global oil in Nicaragua, 1985 to 2023.
Year Value Change
1985 802.42 million —
1986 830.66 million +3.5%
1987 872.55 million +5.0%
1988 913.08 million +4.6%
1989 939.27 million +2.9%
1990 993.72 million +5.8%
1991 1.02 billion +2.4%
1992 1.15 billion +12.7%
1993 4.69 billion +308.7%
1994 1.48 billion -68.3%
1995 1.61 billion +8.6%
1996 1.53 billion -4.9%
1997 1.58 billion +3.2%
1998 1.52 billion -3.8%
1999 1.59 billion +4.6%
2000 1.86 billion +16.6%
2001 1.93 billion +3.9%
2002 2.17 billion +12.3%
2003 1.88 billion -13.4%
2004 2.02 billion +7.8%
2005 2.86 billion +41.6%
2006 2.50 billion -12.6%
2007 4.25 billion +69.7%
2008 2.64 billion -37.8%
2009 2.82 billion +6.9%
2010 3.48 billion +23.1%
2011 3.60 billion +3.4%
2012 4.18 billion +16.3%
2013 5.08 billion +21.4%
2014 4.97 billion -2.2%
2015 4.29 billion -13.7%
2016 4.23 billion -1.3%
2017 4.61 billion +9.0%
2018 5.69 billion +23.5%
2019 7.13 billion +25.1%
2020 9.69 billion +36.0%
2021 12.57 billion +29.8%
2022 16.31 billion +29.7%
2023 16.19 billion -0.7%

Nicaragua compared with similar countries

  • Nicaragua's 16.19 billion is above the median for lower middle income countries, which is 1.26 billion, 12.9× the median. (22 countries reporting)
  • Nicaragua's 16.19 billion is above the median for Latin America & Caribbean, which is 1.14 billion, 14.2× the median. (21 countries reporting)

Biggest year-on-year movements

Years where Area land needed to global oil in Nicaragua 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
1993 +308.7% 1.15 billion 4.69 billion

Averages by decade

DecadeAverage LowestHighest Years
1980s 871.59 million 802.42 million 939.27 million 5
1990s 1.72 billion 993.72 million 4.69 billion 10
2000s 2.49 billion 1.86 billion 4.25 billion 10
2010s 4.72 billion 3.48 billion 7.13 billion 10
2020s 13.69 billion 9.69 billion 16.31 billion 4

Countries ranked near Nicaragua

  1. 5 Tuvalu 30.23 billion compare
  2. 6 Samoa 23.02 billion compare
  3. 7 Seychelles 18.43 billion compare
  4. 9 Guyana 12.87 billion compare
  5. 10 Panama 11.76 billion compare
  6. 11 New Caledonia 11.49 billion compare

See the full ranking of 59 places →

More reference data data for Nicaragua

All data for Nicaragua →

Frequently asked questions

What is area land needed to global oil in Nicaragua?
Area land needed to global oil in Nicaragua was 16.19 billion in 2023, according to Our World in Data.
What is the highest area land needed to global oil recorded in Nicaragua?
The highest recorded value was 16.31 billion in 2022.
What is the lowest area land needed to global oil recorded in Nicaragua?
The lowest recorded value was 802.42 million in 1985.
How does Nicaragua rank for area land needed to global oil?
Nicaragua ranks 8th out of 59 countries with data for 2023.
Is area land needed to global oil rising or falling in Nicaragua?
Over the last ten years it is up 218.9%. The long-run trend across the full record is volatile.
Where does this Nicaragua 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 Nicaragua. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/area-land-needed-to-global-oil/nicaragua/

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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