Nonrenewable natural capital, oil in Ecuador
Ecuador: Nonrenewable natural capital, oil was 47.25 billion real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, oil in Ecuador, 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$.
Analysis
Ecuador recorded 47.25 billion real chained 2019 US$ for nonrenewable natural capital, oil in 2020. That is the lowest value across all 26 years on record.
Compared with earlier readings it is down 37.0% over ten years.
Over the whole period, nonrenewable natural capital, oil in Ecuador peaked at 135.37 billion real chained 2019 US$ in 2002 and was at its lowest, 47.25 billion real chained 2019 US$, in 2018.
Ecuador ranks 26th of 145 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, oil in Ecuador, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 71.77 billion real chained 2019 US$ | — |
| 1996 | 73.20 billion real chained 2019 US$ | +2.0% |
| 1997 | 77.89 billion real chained 2019 US$ | +6.4% |
| 1998 | 86.96 billion real chained 2019 US$ | +11.6% |
| 1999 | 93.87 billion real chained 2019 US$ | +7.9% |
| 2000 | 96.80 billion real chained 2019 US$ | +3.1% |
| 2001 | 124.18 billion real chained 2019 US$ | +28.3% |
| 2002 | 135.37 billion real chained 2019 US$ | +9.0% |
| 2003 | 135.17 billion real chained 2019 US$ | -0.1% |
| 2004 | 132.64 billion real chained 2019 US$ | -1.9% |
| 2005 | 95.76 billion real chained 2019 US$ | -27.8% |
| 2006 | 88.72 billion real chained 2019 US$ | -7.4% |
| 2007 | 91.07 billion real chained 2019 US$ | +2.7% |
| 2008 | 90.67 billion real chained 2019 US$ | -0.4% |
| 2009 | 96.61 billion real chained 2019 US$ | +6.5% |
| 2010 | 75.00 billion real chained 2019 US$ | -22.4% |
| 2011 | 72.88 billion real chained 2019 US$ | -2.8% |
| 2012 | 70.47 billion real chained 2019 US$ | -3.3% |
| 2013 | 74.62 billion real chained 2019 US$ | +5.9% |
| 2014 | 64.32 billion real chained 2019 US$ | -13.8% |
| 2015 | 65.53 billion real chained 2019 US$ | +1.9% |
| 2016 | 61.81 billion real chained 2019 US$ | -5.7% |
| 2017 | 59.22 billion real chained 2019 US$ | -4.2% |
| 2018 | 47.25 billion real chained 2019 US$ | -20.2% |
| 2019 | 47.25 billion real chained 2019 US$ | +0.0% |
| 2020 | 47.25 billion real chained 2019 US$ | +0.0% |
Ecuador compared with similar countries
- Ecuador's 47.25 billion real chained 2019 US$ is above the median for upper middle income countries, which is 614.38 million real chained 2019 US$, 76.9× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 80.74 billion real chained 2019 US$ | 71.77 billion real chained 2019 US$ | 93.87 billion real chained 2019 US$ | 5 |
| 2000s | 108.70 billion real chained 2019 US$ | 88.72 billion real chained 2019 US$ | 135.37 billion real chained 2019 US$ | 10 |
| 2010s | 63.84 billion real chained 2019 US$ | 47.25 billion real chained 2019 US$ | 75.00 billion real chained 2019 US$ | 10 |
| 2020s | 47.25 billion real chained 2019 US$ | 47.25 billion real chained 2019 US$ | 47.25 billion real chained 2019 US$ | 1 |
Countries ranked near Ecuador
- 23 United Kingdom 63.06 billion real chained 2019 US$ compare
- 24 Australia 57.87 billion real chained 2019 US$ compare
- 25 Colombia 48.55 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
- 29 Chad 19.98 billion real chained 2019 US$ compare
More reference data data for Ecuador
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9379 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.74 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1826 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.74 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.14 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.18 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 13.63 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 23.57 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.9943 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Ecuador?
- Nonrenewable natural capital, oil in Ecuador was 47.25 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 Ecuador?
- The highest recorded value was 135.37 billion real chained 2019 US$ in 2002.
- What is the lowest nonrenewable natural capital, oil recorded in Ecuador?
- The lowest recorded value was 47.25 billion real chained 2019 US$ in 2018.
- How does Ecuador rank for nonrenewable natural capital, oil?
- Ecuador ranks 26th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Ecuador?
- Over the last ten years it is down 37.0%. The long-run trend across the full record is falling.
- Where does this Ecuador 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.