Nonrenewable natural capital, oil in China
China: Nonrenewable natural capital, oil was 591.02 billion real chained 2019 US$ in 2020. ▲ Rising
Nonrenewable natural capital, oil in China, 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$.
Analysis
The most recent figure for nonrenewable natural capital, oil in China is 591.02 billion real chained 2019 US$, measured in 2020.
That represents a change of up 11.6% over ten years.
Over the whole period, nonrenewable natural capital, oil in China peaked at 596.20 billion real chained 2019 US$ in 2018 and was at its lowest, 344.01 billion real chained 2019 US$, in 1999.
That places China 7th out of 145 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Nonrenewable natural capital, oil in China, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 372.31 billion real chained 2019 US$ | — |
| 1996 | 374.35 billion real chained 2019 US$ | +0.5% |
| 1997 | 387.48 billion real chained 2019 US$ | +3.5% |
| 1998 | 396.62 billion real chained 2019 US$ | +2.4% |
| 1999 | 344.01 billion real chained 2019 US$ | -13.3% |
| 2000 | 345.80 billion real chained 2019 US$ | +0.5% |
| 2001 | 350.83 billion real chained 2019 US$ | +1.5% |
| 2002 | 353.05 billion real chained 2019 US$ | +0.6% |
| 2003 | 352.29 billion real chained 2019 US$ | -0.2% |
| 2004 | 415.65 billion real chained 2019 US$ | +18.0% |
| 2005 | 415.44 billion real chained 2019 US$ | -0.1% |
| 2006 | 460.30 billion real chained 2019 US$ | +10.8% |
| 2007 | 472.64 billion real chained 2019 US$ | +2.7% |
| 2008 | 482.30 billion real chained 2019 US$ | +2.0% |
| 2009 | 492.11 billion real chained 2019 US$ | +2.0% |
| 2010 | 529.68 billion real chained 2019 US$ | +7.6% |
| 2011 | 540.58 billion real chained 2019 US$ | +2.1% |
| 2012 | 556.08 billion real chained 2019 US$ | +2.9% |
| 2013 | 561.88 billion real chained 2019 US$ | +1.0% |
| 2014 | 572.90 billion real chained 2019 US$ | +2.0% |
| 2015 | 583.37 billion real chained 2019 US$ | +1.8% |
| 2016 | 584.22 billion real chained 2019 US$ | +0.1% |
| 2017 | 590.69 billion real chained 2019 US$ | +1.1% |
| 2018 | 596.20 billion real chained 2019 US$ | +0.9% |
| 2019 | 591.02 billion real chained 2019 US$ | -0.9% |
| 2020 | 591.02 billion real chained 2019 US$ | +0.0% |
China compared with similar countries
- China's 591.02 billion real chained 2019 US$ is above the median for upper middle income countries, which is 614.38 million real chained 2019 US$, 962.0× the median. (42 countries reporting)
- China's 591.02 billion real chained 2019 US$ is above the median for East Asia & Pacific, which is 3.28 billion real chained 2019 US$, 180.4× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 374.95 billion real chained 2019 US$ | 344.01 billion real chained 2019 US$ | 396.62 billion real chained 2019 US$ | 5 |
| 2000s | 414.04 billion real chained 2019 US$ | 345.80 billion real chained 2019 US$ | 492.11 billion real chained 2019 US$ | 10 |
| 2010s | 570.66 billion real chained 2019 US$ | 529.68 billion real chained 2019 US$ | 596.20 billion real chained 2019 US$ | 10 |
| 2020s | 591.02 billion real chained 2019 US$ | 591.02 billion real chained 2019 US$ | 591.02 billion real chained 2019 US$ | 1 |
Countries ranked near China
- 4 United States 1.23 trillion real chained 2019 US$ compare
- 5 Russia 829.83 billion real chained 2019 US$ compare
- 6 Nigeria 606.62 billion real chained 2019 US$ compare
- 8 Qatar 551.90 billion real chained 2019 US$ compare
- 9 Canada 402.51 billion real chained 2019 US$ compare
- 10 Kazakhstan 375.92 billion real chained 2019 US$ compare
More reference data data for China
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 49.4 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 75.5 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 303.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 18.8 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 303.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 165.62 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 206.2 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 350.74 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1,480 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 102.37 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in China?
- Nonrenewable natural capital, oil in China was 591.02 billion 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 China?
- The highest recorded value was 596.20 billion real chained 2019 US$ in 2018.
- What is the lowest nonrenewable natural capital, oil recorded in China?
- The lowest recorded value was 344.01 billion real chained 2019 US$ in 1999.
- How does China rank for nonrenewable natural capital, oil?
- China ranks 7th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in China?
- Over the last ten years it is up 11.6%. The long-run trend across the full record is rising.
- Where does this China 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.
Download this data
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.