Nonrenewable natural capital, oil in Australia
Australia: Nonrenewable natural capital, oil was 23.54 billion current US$ in 2020. ◆ Volatile
Nonrenewable natural capital, oil in Australia, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
Australia recorded 23.54 billion current US$ for nonrenewable natural capital, oil in 2020.
Compared with earlier readings it is down 59.3% on the previous year and down 79.3% over ten years.
Over the whole period, nonrenewable natural capital, oil in Australia peaked at 190.09 billion current US$ in 2011 and was at its lowest, 10.87 billion current US$, in 1998.
That places Australia 17th out of 86 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.22 billion current US$ | 10.87 billion current US$ | 20.30 billion current US$ | 5 |
| 2000s | 56.63 billion current US$ | 35.77 billion current US$ | 96.80 billion current US$ | 10 |
| 2010s | 77.38 billion current US$ | 20.20 billion current US$ | 190.09 billion current US$ | 10 |
| 2020s | 23.54 billion current US$ | 23.54 billion current US$ | 23.54 billion current US$ | 1 |
Countries ranked near Australia
More reference data data for Australia
- 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) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 2,816 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 31,458 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop re 499.07 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric Fermentat 78,848 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 85,923 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Australia?
- Nonrenewable natural capital, oil in Australia was 23.54 billion current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, oil recorded in Australia?
- The highest recorded value was 190.09 billion current US$ in 2011.
- What is the lowest nonrenewable natural capital, oil recorded in Australia?
- The lowest recorded value was 10.87 billion current US$ in 1998.
- How does Australia rank for nonrenewable natural capital, oil?
- Australia ranks 17th out of 86 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Australia?
- Over the last ten years it is down 79.3%. 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, oil (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).