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
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$, in 2003.
That places Norway 26th out of 57 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, metals and minerals: iron ore in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 430.42 million current US$ | — |
| 1996 | 249.09 million current US$ | -42.1% |
| 1997 | 115.19 million current US$ | -53.8% |
| 1998 | 206.19 million current US$ | +79.0% |
| 1999 | 155.10 million current US$ | -24.8% |
| 2000 | 175.78 million current US$ | +13.3% |
| 2001 | 102.04 million current US$ | -41.9% |
| 2002 | 97.99 million current US$ | -4.0% |
| 2003 | 92.22 million current US$ | -5.9% |
| 2004 | 155.55 million current US$ | +68.7% |
| 2005 | 498.20 million current US$ | +220.3% |
| 2006 | 517.78 million current US$ | +3.9% |
| 2007 | 1.27 billion current US$ | +145.7% |
| 2008 | 4.19 billion current US$ | +229.4% |
| 2009 | 1.52 billion current US$ | -63.8% |
| 2010 | 5.92 billion current US$ | +290.7% |
| 2011 | 6.95 billion current US$ | +17.3% |
| 2012 | 4.36 billion current US$ | -37.3% |
| 2013 | 4.60 billion current US$ | +5.5% |
| 2014 | 2.81 billion current US$ | -38.9% |
| 2015 | 1.22 billion current US$ | -56.6% |
| 2019 | 1.90 billion current US$ | +55.8% |
| 2020 | 2.45 billion current US$ | +29.5% |
Norway compared with similar countries
- Norway's 2.45 billion current US$ is above the median for high income countries, which is 1.37 billion current US$, 1.8× the median. (20 countries reporting)
- Norway's 2.45 billion current US$ is above the median for Europe & Central Asia, which is 1.37 billion current US$, 1.8× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 231.20 million current US$ | 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
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
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.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).