Nonrenewable natural capital, oil in South Korea
South Korea: Nonrenewable natural capital, oil was 29.68 million current US$ in 2020. ◆ Volatile
Latest (2020)
29.68 million current US$
Change on year
down 60.1%
World rank
51st
of 86 countries
All-time high
382.99 million current US$
in 2008
All-time low
29.68 million current US$
in 2020
Years of data
17
2004–2020
Nonrenewable natural capital, oil in South Korea, 2004–2020
Source: World Bank. Measured in current US$.
Analysis
South Korea recorded 29.68 million current US$ for nonrenewable natural capital, oil in 2020. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 60.1% on the previous year and down 86.5% over ten years.
Over the whole period, nonrenewable natural capital, oil in South Korea peaked at 382.99 million current US$ in 2008 and was at its lowest, 29.68 million current US$, in 2020.
South Korea ranks 51st of 86 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, oil in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 2004 | 80.33 million current US$ | — |
| 2005 | 252.77 million current US$ | +214.7% |
| 2006 | 256.46 million current US$ | +1.5% |
| 2007 | 286.09 million current US$ | +11.6% |
| 2008 | 382.99 million current US$ | +33.9% |
| 2009 | 204.08 million current US$ | -46.7% |
| 2010 | 220.63 million current US$ | +8.1% |
| 2011 | 311.72 million current US$ | +41.3% |
| 2012 | 294.70 million current US$ | -5.5% |
| 2013 | 278.25 million current US$ | -5.6% |
| 2014 | 170.97 million current US$ | -38.6% |
| 2015 | 52.35 million current US$ | -69.4% |
| 2016 | 41.22 million current US$ | -21.3% |
| 2017 | 67.09 million current US$ | +62.8% |
| 2018 | 113.48 million current US$ | +69.1% |
| 2019 | 74.48 million current US$ | -34.4% |
| 2020 | 29.68 million current US$ | -60.1% |
South Korea compared with similar countries
- South Korea's 29.68 million current US$ is below the median for high income countries, which is 402.13 million current US$, 7% of the median. (34 countries reporting)
- South Korea's 29.68 million current US$ is below the median for East Asia & Pacific, which is 1.86 billion current US$, 2% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 243.79 million current US$ | 80.33 million current US$ | 382.99 million current US$ | 6 |
| 2010s | 162.49 million current US$ | 41.22 million current US$ | 311.72 million current US$ | 10 |
| 2020s | 29.68 million current US$ | 29.68 million current US$ | 29.68 million current US$ | 1 |
Countries ranked near South Korea
- 48 Guatemala 171.17 million current US$ compare
- 49 Mozambique 152.00 million current US$ compare
- 50 Netherlands 106.23 million current US$ compare
- 52 Slovenia 23.93 million current US$ compare
- 53 New Zealand 22.53 million current US$ compare
- 54 Senegal 13.84 million current US$
More reference data data for South Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in South Korea?
- Nonrenewable natural capital, oil in South Korea was 29.68 million current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, oil recorded in South Korea?
- The highest recorded value was 382.99 million current US$ in 2008.
- What is the lowest nonrenewable natural capital, oil recorded in South Korea?
- The lowest recorded value was 29.68 million current US$ in 2020.
- How does South Korea rank for nonrenewable natural capital, oil?
- South Korea ranks 51st out of 86 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in South Korea?
- Over the last ten years it is down 86.5%. The long-run trend across the full record is volatile.
- Where does this South Korea 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 — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).