Nonrenewable natural capital, metals and minerals: iron ore in Norway
Norway: Nonrenewable natural capital, metals and minerals: iron ore was 1.86 billion real chained 2019 US$ in 2020. ▼ Falling
Latest (2020)
1.86 billion real chained 2019 US$
Change on year
down 1.9%
World rank
25th
of 129 countries
All-time high
2.60 billion real chained 2019 US$
in 1995
All-time low
1.86 billion real chained 2019 US$
in 2020
Years of data
26
1995–2020
Nonrenewable natural capital, metals and minerals: iron ore in Norway, 1995–2020
Source: World Bank. Measured in real chained 2019 US$.
Analysis
Norway recorded 1.86 billion real chained 2019 US$ for nonrenewable natural capital, metals and minerals: iron ore in 2020. That is the lowest value across all 26 years on record.
Compared with earlier readings it is down 1.9% on the previous year and down 20.8% over ten years.
Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Norway peaked at 2.60 billion real chained 2019 US$ in 1995 and was at its lowest, 1.86 billion real chained 2019 US$, in 2020.
That places Norway 25th out of 129 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, metals and minerals: iron ore in Norway, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 2.60 billion real chained 2019 US$ | — |
| 1996 | 2.57 billion real chained 2019 US$ | -1.1% |
| 1997 | 2.55 billion real chained 2019 US$ | -0.9% |
| 1998 | 2.54 billion real chained 2019 US$ | -0.4% |
| 1999 | 2.53 billion real chained 2019 US$ | -0.5% |
| 2000 | 2.52 billion real chained 2019 US$ | -0.4% |
| 2001 | 2.51 billion real chained 2019 US$ | -0.5% |
| 2002 | 2.49 billion real chained 2019 US$ | -0.4% |
| 2003 | 2.48 billion real chained 2019 US$ | -0.4% |
| 2004 | 2.47 billion real chained 2019 US$ | -0.4% |
| 2005 | 2.46 billion real chained 2019 US$ | -0.5% |
| 2006 | 2.45 billion real chained 2019 US$ | -0.5% |
| 2007 | 2.43 billion real chained 2019 US$ | -0.5% |
| 2008 | 2.42 billion real chained 2019 US$ | -0.6% |
| 2009 | 2.38 billion real chained 2019 US$ | -1.5% |
| 2010 | 2.35 billion real chained 2019 US$ | -1.5% |
| 2011 | 2.28 billion real chained 2019 US$ | -3.0% |
| 2012 | 2.20 billion real chained 2019 US$ | -3.3% |
| 2013 | 2.13 billion real chained 2019 US$ | -3.4% |
| 2014 | 2.06 billion real chained 2019 US$ | -3.5% |
| 2015 | 1.97 billion real chained 2019 US$ | -4.0% |
| 2016 | 1.90 billion real chained 2019 US$ | -3.9% |
| 2017 | 1.90 billion real chained 2019 US$ | +0.0% |
| 2018 | 1.90 billion real chained 2019 US$ | +0.0% |
| 2019 | 1.90 billion real chained 2019 US$ | +0.0% |
| 2020 | 1.86 billion real chained 2019 US$ | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.56 billion real chained 2019 US$ | 2.53 billion real chained 2019 US$ | 2.60 billion real chained 2019 US$ | 5 |
| 2000s | 2.46 billion real chained 2019 US$ | 2.38 billion real chained 2019 US$ | 2.52 billion real chained 2019 US$ | 10 |
| 2010s | 2.06 billion real chained 2019 US$ | 1.90 billion real chained 2019 US$ | 2.35 billion real chained 2019 US$ | 10 |
| 2020s | 1.86 billion real chained 2019 US$ | 1.86 billion real chained 2019 US$ | 1.86 billion real chained 2019 US$ | 1 |
Countries ranked near Norway
- 22 New Zealand 5.00 billion real chained 2019 US$ compare
- 23 Indonesia 4.37 billion real chained 2019 US$ compare
- 24 Austria 3.44 billion real chained 2019 US$ compare
- 26 Bosnia and Herzegovina 1.62 billion real chained 2019 US$ compare
- 27 Pakistan 1.01 billion real chained 2019 US$ compare
- 28 Colombia 751.89 million real chained 2019 US$ compare
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 1.86 billion real chained 2019 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 2.60 billion real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Norway?
- The lowest recorded value was 1.86 billion real chained 2019 US$ in 2020.
- How does Norway rank for nonrenewable natural capital, metals and minerals: iron ore?
- Norway ranks 25th out of 129 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 20.8%. The long-run trend across the full record is falling.
- 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 (real chained 2019 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).