Nonrenewable natural capital, oil in Iraq

Iraq: Nonrenewable natural capital, oil was 1.24 trillion current US$ in 2020. ◆ Volatile

Latest (2020)
1.24 trillion current US$
Change on year
down 50.5%
World rank
2nd
of 86 countries
All-time high
2.86 trillion current US$
in 2014
All-time low
55.76 billion current US$
in 1998
Years of data
26
1995–2020

Nonrenewable natural capital, oil in Iraq, 1995–2020

01.0T2.0T3.0T1995200720201995: 78.7B current US$1996: 97.8B current US$1997: 249.2B current US$1998: 55.8B current US$1999: 414.3B current US$2000: 699.4B current US$2001: 576.0B current US$2002: 508.9B current US$2003: 404.2B current US$2004: 733.4B current US$2005: 947.9B current US$2006: 1.2T current US$2007: 1.5T current US$2008: 139.9B current US$2009: 205.4B current US$2010: 1.8T current US$2011: 680.2B current US$2012: 539.4B current US$2013: 800.2B current US$2014: 2.9T current US$2015: 1.5T current US$2016: 72.9B current US$2017: 2.0T current US$2018: 330.6B current US$2019: 2.5T current US$2020: 1.2T current US$

Source: World Bank. Measured in current US$.

Analysis

The most recent figure for nonrenewable natural capital, oil in Iraq is 1.24 trillion current US$, measured in 2020.

The figure is down 50.5% on the previous year and down 29.8% over ten years.

Over the whole period, nonrenewable natural capital, oil in Iraq peaked at 2.86 trillion current US$ in 2014 and was at its lowest, 55.76 billion current US$, in 1998.

Iraq ranks 2nd of 86 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 179.16 billion current US$ 55.76 billion current US$ 414.30 billion current US$ 5
2000s 692.53 billion current US$ 139.85 billion current US$ 1.47 trillion current US$ 10
2010s 1.31 trillion current US$ 72.91 billion current US$ 2.86 trillion current US$ 10
2020s 1.24 trillion current US$ 1.24 trillion current US$ 1.24 trillion current US$ 1

Countries ranked near Iraq

  1. 1 Russia 1.73 trillion current US$ compare
  2. 3 United States 955.29 billion current US$ compare
  3. 4 United Arab Emirates 786.07 billion current US$ compare
  4. 5 Iran 736.33 billion current US$ compare

See the full ranking of 86 places →

More reference data data for Iraq

All data for Iraq →

Frequently asked questions

What is nonrenewable natural capital, oil in Iraq?
Nonrenewable natural capital, oil in Iraq was 1.24 trillion current US$ in 2020, according to the World Bank.
What is the highest nonrenewable natural capital, oil recorded in Iraq?
The highest recorded value was 2.86 trillion current US$ in 2014.
What is the lowest nonrenewable natural capital, oil recorded in Iraq?
The lowest recorded value was 55.76 billion current US$ in 1998.
How does Iraq rank for nonrenewable natural capital, oil?
Iraq ranks 2nd out of 86 countries with data for 2020.
Is nonrenewable natural capital, oil rising or falling in Iraq?
Over the last ten years it is down 29.8%. The long-run trend across the full record is volatile.
Where does this Iraq 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.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Nonrenewable natural capital, oil (current US$)
Unit
current US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
86 places, 2,059 data points, 1995–2020
Last refreshed