Nonrenewable natural capital, oil in Albania
Albania: Nonrenewable natural capital, oil was 643.57 million real chained 2019 US$ in 2020. ▬ Flat
Nonrenewable natural capital, oil in Albania, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
In 2020, nonrenewable natural capital, oil in Albania stood at 643.57 million real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 10.9% on the previous year and down 24.7% over ten years.
Over the whole period, nonrenewable natural capital, oil in Albania peaked at 854.40 million real chained 2019 US$ in 2008 and was at its lowest, 643.57 million real chained 2019 US$, in 2020.
Albania ranks 61st of 145 countries on this measure, in the middle of the range.
Nonrenewable natural capital, oil in Albania, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 707.92 million real chained 2019 US$ | — |
| 1996 | 707.92 million real chained 2019 US$ | +0.0% |
| 1997 | 707.92 million real chained 2019 US$ | +0.0% |
| 1998 | 707.92 million real chained 2019 US$ | +0.0% |
| 1999 | 707.92 million real chained 2019 US$ | +0.0% |
| 2000 | 707.92 million real chained 2019 US$ | +0.0% |
| 2001 | 707.92 million real chained 2019 US$ | +0.0% |
| 2002 | 707.92 million real chained 2019 US$ | +0.0% |
| 2003 | 707.92 million real chained 2019 US$ | +0.0% |
| 2004 | 707.92 million real chained 2019 US$ | +0.0% |
| 2005 | 707.92 million real chained 2019 US$ | +0.0% |
| 2006 | 850.06 million real chained 2019 US$ | +20.1% |
| 2007 | 850.06 million real chained 2019 US$ | +0.0% |
| 2008 | 854.40 million real chained 2019 US$ | +0.5% |
| 2009 | 854.40 million real chained 2019 US$ | +0.0% |
| 2010 | 854.40 million real chained 2019 US$ | +0.0% |
| 2011 | 854.40 million real chained 2019 US$ | +0.0% |
| 2012 | 854.40 million real chained 2019 US$ | +0.0% |
| 2013 | 739.67 million real chained 2019 US$ | -13.4% |
| 2014 | 722.22 million real chained 2019 US$ | -2.4% |
| 2015 | 722.22 million real chained 2019 US$ | +0.0% |
| 2016 | 722.22 million real chained 2019 US$ | +0.0% |
| 2017 | 722.22 million real chained 2019 US$ | +0.0% |
| 2018 | 722.22 million real chained 2019 US$ | +0.0% |
| 2019 | 722.22 million real chained 2019 US$ | +0.0% |
| 2020 | 643.57 million real chained 2019 US$ | -10.9% |
Albania compared with similar countries
- Albania's 643.57 million real chained 2019 US$ is above the median for upper middle income countries, which is 614.38 million real chained 2019 US$, 1.0× the median. (42 countries reporting)
- Albania's 643.57 million real chained 2019 US$ is above the median for Europe & Central Asia, which is 279.14 million real chained 2019 US$, 2.3× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 707.92 million real chained 2019 US$ | 707.92 million real chained 2019 US$ | 707.92 million real chained 2019 US$ | 5 |
| 2000s | 765.64 million real chained 2019 US$ | 707.92 million real chained 2019 US$ | 854.40 million real chained 2019 US$ | 10 |
| 2010s | 763.62 million real chained 2019 US$ | 722.22 million real chained 2019 US$ | 854.40 million real chained 2019 US$ | 10 |
| 2020s | 643.57 million real chained 2019 US$ | 643.57 million real chained 2019 US$ | 643.57 million real chained 2019 US$ | 1 |
Countries ranked near Albania
- 58 Serbia 1.08 billion real chained 2019 US$ compare
- 59 Japan 1.06 billion real chained 2019 US$ compare
- 60 Bangladesh 757.12 million real chained 2019 US$ compare
- 62 Guatemala 585.20 million real chained 2019 US$ compare
- 63 Czechia 354.16 million real chained 2019 US$ compare
- 64 Turkey 329.15 million real chained 2019 US$ compare
More reference data data for Albania
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2845 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.4183 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9734 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0261 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9734 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.954 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.6439 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.6 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 4.34 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.142 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Albania?
- Nonrenewable natural capital, oil in Albania was 643.57 million real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest nonrenewable natural capital, oil recorded in Albania?
- The highest recorded value was 854.40 million real chained 2019 US$ in 2008.
- What is the lowest nonrenewable natural capital, oil recorded in Albania?
- The lowest recorded value was 643.57 million real chained 2019 US$ in 2020.
- How does Albania rank for nonrenewable natural capital, oil?
- Albania ranks 61st out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Albania?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is flat.
- Where does this Albania data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital, oil (real chained 2019 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).
About this data
Natural capital includes the valuation of renewable and nonrenewable natural capital. Renewable natural capital includes agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recretion and non-wood forest products), protected areas, mangroves and fisheries. Nonrenewable natural capital includes fossil fuel energy (oil, gas, hard and soft coal) and minerals (bauxite, copper, gold, iron ore, lead, nickel, phosphate, silver, tin, and zinc),Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.