Nonrenewable natural capital, oil in Norway
Norway: Nonrenewable natural capital, oil was 136.67 billion current US$ in 2020. ◆ Volatile
Nonrenewable natural capital, oil in Norway, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
The most recent figure for nonrenewable natural capital, oil in Norway is 136.67 billion current US$, measured in 2020.
Compared with earlier readings it is down 60.2% over ten years.
Over the whole period, nonrenewable natural capital, oil in Norway peaked at 519.16 billion current US$ in 2008 and was at its lowest, 0 current US$, in 1998.
That places Norway 11th out of 86 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, oil in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 2.64 billion current US$ | — |
| 1996 | 191.81 million current US$ | -92.7% |
| 1997 | 30.45 billion current US$ | +15777.8% |
| 1998 | 0 current US$ | -100.0% |
| 1999 | 24.45 billion current US$ | — |
| 2000 | 225.35 billion current US$ | +821.7% |
| 2001 | 191.48 billion current US$ | -15.0% |
| 2002 | 40.59 billion current US$ | -78.8% |
| 2003 | 196.01 billion current US$ | +382.9% |
| 2004 | 248.10 billion current US$ | +26.6% |
| 2005 | 309.19 billion current US$ | +24.6% |
| 2006 | 86.04 billion current US$ | -72.2% |
| 2007 | 83.49 billion current US$ | -3.0% |
| 2008 | 519.16 billion current US$ | +521.8% |
| 2009 | 268.07 billion current US$ | -48.4% |
| 2010 | 343.59 billion current US$ | +28.2% |
| 2011 | 227.23 billion current US$ | -33.9% |
| 2012 | 337.17 billion current US$ | +48.4% |
| 2013 | 459.31 billion current US$ | +36.2% |
| 2014 | 43.47 billion current US$ | -90.5% |
| 2015 | 192.61 billion current US$ | +343.1% |
| 2016 | 132.66 billion current US$ | -31.1% |
| 2017 | 199.31 billion current US$ | +50.2% |
| 2018 | 300.41 billion current US$ | +50.7% |
| 2019 | 0 current US$ | -100.0% |
| 2020 | 136.67 billion current US$ | — |
Norway compared with similar countries
- Norway's 136.67 billion current US$ is above the median for high income countries, which is 402.13 million current US$, 339.9× the median. (34 countries reporting)
- Norway's 136.67 billion current US$ is above the median for Europe & Central Asia, which is 106.23 million current US$, 1286.6× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, oil in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +15777.8% | 191.81 million current US$ | 30.45 billion current US$ |
| 2000 | +821.7% | 24.45 billion current US$ | 225.35 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.55 billion current US$ | 0 current US$ | 30.45 billion current US$ | 5 |
| 2000s | 216.75 billion current US$ | 40.59 billion current US$ | 519.16 billion current US$ | 10 |
| 2010s | 223.58 billion current US$ | 0 current US$ | 459.31 billion current US$ | 10 |
| 2020s | 136.67 billion current US$ | 136.67 billion current US$ | 136.67 billion current US$ | 1 |
Countries ranked near Norway
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Norway?
- Nonrenewable natural capital, oil in Norway was 136.67 billion current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, oil recorded in Norway?
- The highest recorded value was 519.16 billion current US$ in 2008.
- What is the lowest nonrenewable natural capital, oil recorded in Norway?
- The lowest recorded value was 0 current US$ in 1998.
- How does Norway rank for nonrenewable natural capital, oil?
- Norway ranks 11th out of 86 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Norway?
- Over the last ten years it is down 60.2%. The long-run trend across the full record is volatile.
- Where does this Norway 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).