Area land needed to global oil in Panama
Panama: Area land needed to global oil was 11.76 billion in 2023. ◆ Volatile
Area land needed to global oil in Panama, 1985–2023
Source: Our World in Data.
Analysis
The most recent figure for area land needed to global oil in Panama is 11.76 billion, measured in 2023.
The figure is down 20.7% on the previous year and down 68.2% over ten years.
Over the whole period, area land needed to global oil in Panama peaked at 49.17 billion in 2021 and was at its lowest, 1.33 billion, in 1987.
That places Panama 10th out of 59 countries with data for 2023, putting it 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 Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1985 | 3.66 billion | — |
| 1986 | 2.20 billion | -40.0% |
| 1987 | 1.33 billion | -39.6% |
| 1988 | 2.71 billion | +104.0% |
| 1989 | 6.94 billion | +156.4% |
| 1990 | 7.76 billion | +11.9% |
| 1991 | 9.57 billion | +23.2% |
| 1992 | 21.26 billion | +122.2% |
| 1993 | 13.42 billion | -36.9% |
| 1994 | 16.96 billion | +26.4% |
| 1995 | 15.96 billion | -5.9% |
| 1996 | 19.32 billion | +21.1% |
| 1997 | 20.79 billion | +7.6% |
| 1998 | 23.24 billion | +11.7% |
| 1999 | 22.08 billion | -5.0% |
| 2000 | 20.94 billion | -5.1% |
| 2001 | 21.75 billion | +3.9% |
| 2002 | 21.79 billion | +0.2% |
| 2003 | 23.82 billion | +9.4% |
| 2004 | 24.82 billion | +4.2% |
| 2005 | 26.93 billion | +8.5% |
| 2006 | 29.84 billion | +10.8% |
| 2007 | 29.66 billion | -0.6% |
| 2008 | 30.95 billion | +4.4% |
| 2009 | 31.91 billion | +3.1% |
| 2010 | 36.51 billion | +14.4% |
| 2011 | 34.20 billion | -6.3% |
| 2012 | 35.76 billion | +4.6% |
| 2013 | 36.97 billion | +3.4% |
| 2014 | 37.55 billion | +1.6% |
| 2015 | 39.67 billion | +5.6% |
| 2016 | 40.04 billion | +0.9% |
| 2017 | 42.67 billion | +6.6% |
| 2018 | 45.96 billion | +7.7% |
| 2019 | 48.16 billion | +4.8% |
| 2020 | 49.08 billion | +1.9% |
| 2021 | 49.17 billion | +0.2% |
| 2022 | 14.83 billion | -69.8% |
| 2023 | 11.76 billion | -20.7% |
Panama compared with similar countries
- Panama's 11.76 billion is above the median for high income countries, which is 1.55 billion, 7.6× the median. (9 countries reporting)
- Panama's 11.76 billion is above the median for Latin America & Caribbean, which is 1.14 billion, 10.3× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Area land needed to global oil in Panama 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.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +156.4% | 2.71 billion | 6.94 billion |
| 1992 | +122.2% | 9.57 billion | 21.26 billion |
| 1988 | +104.0% | 1.33 billion | 2.71 billion |
| 2022 | -69.8% | 49.17 billion | 14.83 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.37 billion | 1.33 billion | 6.94 billion | 5 |
| 1990s | 17.04 billion | 7.76 billion | 23.24 billion | 10 |
| 2000s | 26.24 billion | 20.94 billion | 31.91 billion | 10 |
| 2010s | 39.75 billion | 34.20 billion | 48.16 billion | 10 |
| 2020s | 31.21 billion | 11.76 billion | 49.17 billion | 4 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is area land needed to global oil in Panama?
- Area land needed to global oil in Panama was 11.76 billion in 2023, according to Our World in Data.
- What is the highest area land needed to global oil recorded in Panama?
- The highest recorded value was 49.17 billion in 2021.
- What is the lowest area land needed to global oil recorded in Panama?
- The lowest recorded value was 1.33 billion in 1987.
- How does Panama rank for area land needed to global oil?
- Panama ranks 10th out of 59 countries with data for 2023.
- Is area land needed to global oil rising or falling in Panama?
- Over the last ten years it is down 68.2%. The long-run trend across the full record is volatile.
- Where does this Panama 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.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (Our World in Data).