Nonrenewable natural capital, metals and minerals: iron ore in Norway

Norway: Nonrenewable natural capital, metals and minerals: iron ore was 2.45 billion current US$ in 2020. ◆ Volatile

Latest (2020)
2.45 billion current US$
Change on year
up 29.5%
World rank
26th
of 57 countries
All-time high
6.95 billion current US$
in 2011
All-time low
92.22 million current US$
in 2003
Years of data
23
1995–2020

Nonrenewable natural capital, metals and minerals: iron ore in Norway, 1995–2020

02.0B4.0B6.0B1995200720201995: 430.4M current US$1996: 249.1M current US$1997: 115.2M current US$1998: 206.2M current US$1999: 155.1M current US$2000: 175.8M current US$2001: 102.0M current US$2002: 98.0M current US$2003: 92.2M current US$2004: 155.6M current US$2005: 498.2M current US$2006: 517.8M current US$2007: 1.3B current US$2008: 4.2B current US$2009: 1.5B current US$2010: 5.9B current US$2011: 6.9B current US$2012: 4.4B current US$2013: 4.6B current US$2014: 2.8B current US$2015: 1.2B current US$2019: 1.9B current US$2020: 2.5B current US$

Source: World Bank. Measured in current US$.

Analysis

Norway recorded 2.45 billion current US$ for nonrenewable natural capital, metals and minerals: iron ore in 2020.

The figure is up 29.5% on the previous year and down 58.5% over ten years.

Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Norway peaked at 6.95 billion current US$ in 2011 and was at its lowest, 92.22 million current US$, in 2003.

That places Norway 26th out of 57 countries with data for 2020, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 231.20 million current US$ 115.19 million current US$ 430.42 million current US$ 5
2000s 861.63 million current US$ 92.22 million current US$ 4.19 billion current US$ 10
2010s 3.96 billion current US$ 1.22 billion current US$ 6.95 billion current US$ 7
2020s 2.45 billion current US$ 2.45 billion current US$ 2.45 billion current US$ 1

Countries ranked near Norway

  1. 23 Indonesia 5.65 billion current US$ compare
  2. 24 Austria 4.28 billion current US$ compare
  3. 25 Mexico 3.12 billion current US$ compare
  4. 27 Bosnia and Herzegovina 2.26 billion current US$ compare
  5. 28 Greece 1.72 billion current US$ compare
  6. 29 Laos 1.58 billion current US$ compare

See the full ranking of 57 places →

More reference data data for Norway

All data for Norway →

Frequently asked questions

What is nonrenewable natural capital, metals and minerals: iron ore in Norway?
Nonrenewable natural capital, metals and minerals: iron ore in Norway was 2.45 billion current US$ in 2020, according to the World Bank.
What is the highest nonrenewable natural capital, metals and minerals: iron ore recorded in Norway?
The highest recorded value was 6.95 billion current US$ in 2011.
What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Norway?
The lowest recorded value was 92.22 million current US$ in 2003.
How does Norway rank for nonrenewable natural capital, metals and minerals: iron ore?
Norway ranks 26th out of 57 countries with data for 2020.
Is nonrenewable natural capital, metals and minerals: iron ore rising or falling in Norway?
Over the last ten years it is down 58.5%. The long-run trend across the full record is volatile.
Where does this Norway 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.

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About this data

Indicator
Nonrenewable natural capital, metals and minerals: iron ore (current US$)
Unit
current US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
57 places, 1,098 data points, 1995–2020
Last refreshed