Nonrenewable natural capital, oil in Colombia
Colombia: Nonrenewable natural capital, oil was 48.55 billion real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, oil in Colombia, 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$.
Analysis
Colombia recorded 48.55 billion real chained 2019 US$ for nonrenewable natural capital, oil in 2020.
Compared with earlier readings it is up 3.9% on the previous year and up 7.2% over ten years.
Over the whole period, nonrenewable natural capital, oil in Colombia peaked at 70.39 billion real chained 2019 US$ in 1995 and was at its lowest, 32.43 billion real chained 2019 US$, in 2009.
Colombia ranks 25th of 145 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, oil in Colombia, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 70.39 billion real chained 2019 US$ | — |
| 1996 | 66.72 billion real chained 2019 US$ | -5.2% |
| 1997 | 61.46 billion real chained 2019 US$ | -7.9% |
| 1998 | 59.09 billion real chained 2019 US$ | -3.9% |
| 1999 | 54.59 billion real chained 2019 US$ | -7.6% |
| 2000 | 47.02 billion real chained 2019 US$ | -13.9% |
| 2001 | 43.93 billion real chained 2019 US$ | -6.6% |
| 2002 | 38.91 billion real chained 2019 US$ | -11.4% |
| 2003 | 36.78 billion real chained 2019 US$ | -5.5% |
| 2004 | 35.24 billion real chained 2019 US$ | -4.2% |
| 2005 | 34.65 billion real chained 2019 US$ | -1.7% |
| 2006 | 35.99 billion real chained 2019 US$ | +3.9% |
| 2007 | 36.01 billion real chained 2019 US$ | +0.0% |
| 2008 | 32.48 billion real chained 2019 US$ | -9.8% |
| 2009 | 32.43 billion real chained 2019 US$ | -0.1% |
| 2010 | 45.31 billion real chained 2019 US$ | +39.7% |
| 2011 | 47.40 billion real chained 2019 US$ | +4.6% |
| 2012 | 52.46 billion real chained 2019 US$ | +10.7% |
| 2013 | 56.68 billion real chained 2019 US$ | +8.0% |
| 2014 | 58.31 billion real chained 2019 US$ | +2.9% |
| 2015 | 55.04 billion real chained 2019 US$ | -5.6% |
| 2016 | 47.74 billion real chained 2019 US$ | -13.3% |
| 2017 | 39.72 billion real chained 2019 US$ | -16.8% |
| 2018 | 42.50 billion real chained 2019 US$ | +7.0% |
| 2019 | 46.74 billion real chained 2019 US$ | +10.0% |
| 2020 | 48.55 billion real chained 2019 US$ | +3.9% |
Colombia compared with similar countries
- Colombia's 48.55 billion real chained 2019 US$ is above the median for upper middle income countries, which is 614.38 million real chained 2019 US$, 79.0× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 62.45 billion real chained 2019 US$ | 54.59 billion real chained 2019 US$ | 70.39 billion real chained 2019 US$ | 5 |
| 2000s | 37.35 billion real chained 2019 US$ | 32.43 billion real chained 2019 US$ | 47.02 billion real chained 2019 US$ | 10 |
| 2010s | 49.19 billion real chained 2019 US$ | 39.72 billion real chained 2019 US$ | 58.31 billion real chained 2019 US$ | 10 |
| 2020s | 48.55 billion real chained 2019 US$ | 48.55 billion real chained 2019 US$ | 48.55 billion real chained 2019 US$ | 1 |
Countries ranked near Colombia
- 22 Congo 68.27 billion real chained 2019 US$ compare
- 23 United Kingdom 63.06 billion real chained 2019 US$ compare
- 24 Australia 57.87 billion real chained 2019 US$ compare
- 26 Ecuador 47.25 billion real chained 2019 US$ compare
- 27 Gabon 30.34 billion real chained 2019 US$ compare
- 28 Guyana 24.64 billion real chained 2019 US$ compare
More reference data data for Colombia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.92 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 11.17 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 19.02 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4113 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 19.02 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 9.81 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 2.67 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 61.25 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 94.56 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.24 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Colombia?
- Nonrenewable natural capital, oil in Colombia was 48.55 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 Colombia?
- The highest recorded value was 70.39 billion real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, oil recorded in Colombia?
- The lowest recorded value was 32.43 billion real chained 2019 US$ in 2009.
- How does Colombia rank for nonrenewable natural capital, oil?
- Colombia ranks 25th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Colombia?
- Over the last ten years it is up 7.2%. The long-run trend across the full record is falling.
- Where does this Colombia 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.