Nonrenewable natural capital, metals and minerals: iron ore in Australia
Australia: Nonrenewable natural capital, metals and minerals: iron ore was 1.70 trillion current US$ in 2020. ◆ Volatile
Latest (2020)
1.70 trillion current US$
Change on year
up 20.2%
World rank
1st
of 57 countries
All-time high
1.70 trillion current US$
in 2020
All-time low
39.18 billion current US$
in 1995
Years of data
26
1995–2020
Nonrenewable natural capital, metals and minerals: iron ore in Australia, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
In 2020, nonrenewable natural capital, metals and minerals: iron ore in Australia stood at 1.70 trillion current US$. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 20.2% on the previous year and up 46.0% over ten years.
Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Australia peaked at 1.70 trillion current US$ in 2020 and was at its lowest, 39.18 billion current US$, in 1995.
That places Australia 1st out of 57 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, metals and minerals: iron ore in Australia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 39.18 billion current US$ | — |
| 1996 | 43.97 billion current US$ | +12.2% |
| 1997 | 48.13 billion current US$ | +9.5% |
| 1998 | 81.51 billion current US$ | +69.4% |
| 1999 | 65.90 billion current US$ | -19.2% |
| 2000 | 76.31 billion current US$ | +15.8% |
| 2001 | 87.48 billion current US$ | +14.6% |
| 2002 | 85.00 billion current US$ | -2.8% |
| 2003 | 91.17 billion current US$ | +7.3% |
| 2004 | 129.74 billion current US$ | +42.3% |
| 2005 | 272.02 billion current US$ | +109.7% |
| 2006 | 308.24 billion current US$ | +13.3% |
| 2007 | 670.15 billion current US$ | +117.4% |
| 2008 | 983.82 billion current US$ | +46.8% |
| 2009 | 466.53 billion current US$ | -52.6% |
| 2010 | 1.16 trillion current US$ | +149.6% |
| 2011 | 1.42 trillion current US$ | +21.9% |
| 2012 | 948.56 billion current US$ | -33.2% |
| 2013 | 1.31 trillion current US$ | +38.3% |
| 2014 | 976.07 billion current US$ | -25.6% |
| 2015 | 499.47 billion current US$ | -48.8% |
| 2016 | 620.55 billion current US$ | +24.2% |
| 2017 | 877.19 billion current US$ | +41.4% |
| 2018 | 836.65 billion current US$ | -4.6% |
| 2019 | 1.41 trillion current US$ | +69.0% |
| 2020 | 1.70 trillion current US$ | +20.2% |
Australia compared with similar countries
- Australia's 1.70 trillion current US$ is above the median for high income countries, which is 1.37 billion current US$, 1243.8× the median. (20 countries reporting)
- Australia's 1.70 trillion current US$ is above the median for East Asia & Pacific, which is 5.95 billion current US$, 285.8× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.74 billion current US$ | 39.18 billion current US$ | 81.51 billion current US$ | 5 |
| 2000s | 317.05 billion current US$ | 76.31 billion current US$ | 983.82 billion current US$ | 10 |
| 2010s | 1.01 trillion current US$ | 499.47 billion current US$ | 1.42 trillion current US$ | 10 |
| 2020s | 1.70 trillion current US$ | 1.70 trillion current US$ | 1.70 trillion current US$ | 1 |
Countries ranked near Australia
More reference data data for Australia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 28.02 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.14 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 118.71 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 170.29 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 13.9 (2050)
Frequently asked questions
- What is nonrenewable natural capital, metals and minerals: iron ore in Australia?
- Nonrenewable natural capital, metals and minerals: iron ore in Australia was 1.70 trillion current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, metals and minerals: iron ore recorded in Australia?
- The highest recorded value was 1.70 trillion current US$ in 2020.
- What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Australia?
- The lowest recorded value was 39.18 billion current US$ in 1995.
- How does Australia rank for nonrenewable natural capital, metals and minerals: iron ore?
- Australia ranks 1st out of 57 countries with data for 2020.
- Is nonrenewable natural capital, metals and minerals: iron ore rising or falling in Australia?
- Over the last ten years it is up 46.0%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from the World Bank, published as part of Nonrenewable natural capital, metals and minerals: iron ore (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).