Nonrenewable natural capital, natural gas in Australia
Australia: Nonrenewable natural capital, natural gas was 155.38 billion real chained 2019 US$ in 2020. ◆ Volatile
Nonrenewable natural capital, natural gas in Australia, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
The most recent figure for nonrenewable natural capital, natural gas in Australia is 155.38 billion real chained 2019 US$, measured in 2020.
The figure is down 0.5% on the previous year and up 2.7% over ten years.
Over the whole period, nonrenewable natural capital, natural gas in Australia peaked at 156.10 billion real chained 2019 US$ in 2018 and was at its lowest, 26.71 billion real chained 2019 US$, in 1997.
That places Australia 5th out of 148 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, natural gas in Australia, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 26.96 billion real chained 2019 US$ | — |
| 1996 | 27.61 billion real chained 2019 US$ | +2.4% |
| 1997 | 26.71 billion real chained 2019 US$ | -3.3% |
| 1998 | 26.71 billion real chained 2019 US$ | +0.0% |
| 1999 | 61.38 billion real chained 2019 US$ | +129.7% |
| 2000 | 61.38 billion real chained 2019 US$ | +0.0% |
| 2001 | 61.38 billion real chained 2019 US$ | +0.0% |
| 2002 | 123.75 billion real chained 2019 US$ | +101.6% |
| 2003 | 123.75 billion real chained 2019 US$ | +0.0% |
| 2004 | 123.75 billion real chained 2019 US$ | +0.0% |
| 2005 | 39.87 billion real chained 2019 US$ | -67.8% |
| 2006 | 38.00 billion real chained 2019 US$ | -4.7% |
| 2007 | 41.76 billion real chained 2019 US$ | +9.9% |
| 2008 | 41.25 billion real chained 2019 US$ | -1.2% |
| 2009 | 41.25 billion real chained 2019 US$ | +0.0% |
| 2010 | 151.25 billion real chained 2019 US$ | +266.7% |
| 2011 | 151.25 billion real chained 2019 US$ | +0.0% |
| 2012 | 38.29 billion real chained 2019 US$ | -74.7% |
| 2013 | 59.18 billion real chained 2019 US$ | +54.5% |
| 2014 | 59.18 billion real chained 2019 US$ | +0.0% |
| 2015 | 41.80 billion real chained 2019 US$ | -29.4% |
| 2016 | 41.80 billion real chained 2019 US$ | +0.0% |
| 2017 | 96.57 billion real chained 2019 US$ | +131.0% |
| 2018 | 156.10 billion real chained 2019 US$ | +61.7% |
| 2019 | 156.10 billion real chained 2019 US$ | +0.0% |
| 2020 | 155.38 billion real chained 2019 US$ | -0.5% |
Australia compared with similar countries
- Australia's 155.38 billion real chained 2019 US$ is above the median for high income countries, which is 476.92 million real chained 2019 US$, 325.8× the median. (51 countries reporting)
- Australia's 155.38 billion real chained 2019 US$ is above the median for East Asia & Pacific, which is 4.91 billion real chained 2019 US$, 31.7× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, natural gas in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +266.7% | 41.25 billion real chained 2019 US$ | 151.25 billion real chained 2019 US$ |
| 2017 | +131.0% | 41.80 billion real chained 2019 US$ | 96.57 billion real chained 2019 US$ |
| 1999 | +129.7% | 26.71 billion real chained 2019 US$ | 61.38 billion real chained 2019 US$ |
| 2002 | +101.6% | 61.38 billion real chained 2019 US$ | 123.75 billion real chained 2019 US$ |
| 2012 | -74.7% | 151.25 billion real chained 2019 US$ | 38.29 billion real chained 2019 US$ |
| 2005 | -67.8% | 123.75 billion real chained 2019 US$ | 39.87 billion real chained 2019 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.88 billion real chained 2019 US$ | 26.71 billion real chained 2019 US$ | 61.38 billion real chained 2019 US$ | 5 |
| 2000s | 69.61 billion real chained 2019 US$ | 38.00 billion real chained 2019 US$ | 123.75 billion real chained 2019 US$ | 10 |
| 2010s | 95.15 billion real chained 2019 US$ | 38.29 billion real chained 2019 US$ | 156.10 billion real chained 2019 US$ | 10 |
| 2020s | 155.38 billion real chained 2019 US$ | 155.38 billion real chained 2019 US$ | 155.38 billion real chained 2019 US$ | 1 |
Countries ranked near Australia
- 2 Qatar 513.82 billion real chained 2019 US$ compare
- 3 Iran 255.69 billion real chained 2019 US$ compare
- 4 China 238.46 billion real chained 2019 US$ compare
- 6 United States 126.81 billion real chained 2019 US$ compare
- 7 Norway 120.46 billion real chained 2019 US$ compare
- 8 Indonesia 111.43 billion real chained 2019 US$ compare
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, natural gas in Australia?
- Nonrenewable natural capital, natural gas in Australia was 155.38 billion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest nonrenewable natural capital, natural gas recorded in Australia?
- The highest recorded value was 156.10 billion real chained 2019 US$ in 2018.
- What is the lowest nonrenewable natural capital, natural gas recorded in Australia?
- The lowest recorded value was 26.71 billion real chained 2019 US$ in 1997.
- How does Australia rank for nonrenewable natural capital, natural gas?
- Australia ranks 5th out of 148 countries with data for 2020.
- Is nonrenewable natural capital, natural gas rising or falling in Australia?
- Over the last ten years it is up 2.7%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital, natural gas (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).
About this data
Natural capital includes the valuation of renewable and nonrenewable natural capital. Renewable natural capital includes agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recretion and non-wood forest products), protected areas, mangroves and fisheries. Nonrenewable natural capital includes fossil fuel energy (oil, gas, hard and soft coal) and minerals (bauxite, copper, gold, iron ore, lead, nickel, phosphate, silver, tin, and zinc),Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.