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
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$, in 1998.
Iraq ranks 2nd of 86 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, oil in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 78.74 billion current US$ | — |
| 1996 | 97.84 billion current US$ | +24.2% |
| 1997 | 249.17 billion current US$ | +154.7% |
| 1998 | 55.76 billion current US$ | -77.6% |
| 1999 | 414.30 billion current US$ | +643.0% |
| 2000 | 699.42 billion current US$ | +68.8% |
| 2001 | 575.97 billion current US$ | -17.7% |
| 2002 | 508.85 billion current US$ | -11.7% |
| 2003 | 404.16 billion current US$ | -20.6% |
| 2004 | 733.42 billion current US$ | +81.5% |
| 2005 | 947.93 billion current US$ | +29.2% |
| 2006 | 1.24 trillion current US$ | +30.8% |
| 2007 | 1.47 trillion current US$ | +18.7% |
| 2008 | 139.85 billion current US$ | -90.5% |
| 2009 | 205.35 billion current US$ | +46.8% |
| 2010 | 1.77 trillion current US$ | +763.2% |
| 2011 | 680.17 billion current US$ | -61.6% |
| 2012 | 539.37 billion current US$ | -20.7% |
| 2013 | 800.22 billion current US$ | +48.4% |
| 2014 | 2.86 trillion current US$ | +257.7% |
| 2015 | 1.47 trillion current US$ | -48.8% |
| 2016 | 72.91 billion current US$ | -95.0% |
| 2017 | 2.02 trillion current US$ | +2672.7% |
| 2018 | 330.63 billion current US$ | -83.6% |
| 2019 | 2.51 trillion current US$ | +660.5% |
| 2020 | 1.24 trillion current US$ | -50.5% |
Iraq compared with similar countries
- Iraq's 1.24 trillion current US$ is above the median for upper middle income countries, which is 1.37 billion current US$, 906.3× the median. (29 countries reporting)
- Iraq's 1.24 trillion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 11.98 billion current US$, 103.8× the median. (12 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, oil in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +2672.7% | 72.91 billion current US$ | 2.02 trillion current US$ |
| 2010 | +763.2% | 205.35 billion current US$ | 1.77 trillion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | 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 Russia 1.73 trillion current US$ compare
- 3 United States 955.29 billion current US$ compare
- 4 United Arab Emirates 786.07 billion current US$ compare
- 5 Iran 736.33 billion current US$ compare
More reference data data for Iraq
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2116 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.19 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 7.23 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3911 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 7.23 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.7096 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.235 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 13.21 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 30.36 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.13 (2050)
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).