Nonrenewable natural capital, oil in Hungary
Hungary: Nonrenewable natural capital, oil was 67.40 million real chained 2019 US$ in 2020. ◆ Volatile
Nonrenewable natural capital, oil in Hungary, 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$.
Analysis
In 2020, nonrenewable natural capital, oil in Hungary stood at 67.40 million real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 10.3% on the previous year and down 31.1% over ten years.
Over the whole period, nonrenewable natural capital, oil in Hungary peaked at 486.68 million real chained 2019 US$ in 1995 and was at its lowest, 67.40 million real chained 2019 US$, in 2020.
That places Hungary 76th out of 145 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital, oil in Hungary, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 486.68 million real chained 2019 US$ | — |
| 1996 | 473.39 million real chained 2019 US$ | -2.7% |
| 1997 | 440.27 million real chained 2019 US$ | -7.0% |
| 1998 | 470.63 million real chained 2019 US$ | +6.9% |
| 1999 | 483.85 million real chained 2019 US$ | +2.8% |
| 2000 | 404.08 million real chained 2019 US$ | -16.5% |
| 2001 | 404.08 million real chained 2019 US$ | +0.0% |
| 2002 | 408.51 million real chained 2019 US$ | +1.1% |
| 2003 | 377.44 million real chained 2019 US$ | -7.6% |
| 2004 | 377.44 million real chained 2019 US$ | +0.0% |
| 2005 | 377.43 million real chained 2019 US$ | -0.0% |
| 2006 | 377.43 million real chained 2019 US$ | +0.0% |
| 2007 | 74.32 million real chained 2019 US$ | -80.3% |
| 2008 | 74.32 million real chained 2019 US$ | +0.0% |
| 2009 | 74.32 million real chained 2019 US$ | +0.0% |
| 2010 | 97.84 million real chained 2019 US$ | +31.6% |
| 2011 | 97.84 million real chained 2019 US$ | +0.0% |
| 2012 | 116.83 million real chained 2019 US$ | +19.4% |
| 2013 | 100.62 million real chained 2019 US$ | -13.9% |
| 2014 | 100.13 million real chained 2019 US$ | -0.5% |
| 2015 | 81.02 million real chained 2019 US$ | -19.1% |
| 2016 | 105.33 million real chained 2019 US$ | +30.0% |
| 2017 | 92.44 million real chained 2019 US$ | -12.2% |
| 2018 | 75.13 million real chained 2019 US$ | -18.7% |
| 2019 | 75.13 million real chained 2019 US$ | +0.0% |
| 2020 | 67.40 million real chained 2019 US$ | -10.3% |
Hungary compared with similar countries
- Hungary's 67.40 million real chained 2019 US$ is below the median for high income countries, which is 354.16 million real chained 2019 US$, 19% of the median. (49 countries reporting)
- Hungary's 67.40 million real chained 2019 US$ is below the median for Europe & Central Asia, which is 279.14 million real chained 2019 US$, 24% of the median. (42 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, oil in Hungary changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | -80.3% | 377.43 million real chained 2019 US$ | 74.32 million real chained 2019 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 470.96 million real chained 2019 US$ | 440.27 million real chained 2019 US$ | 486.68 million real chained 2019 US$ | 5 |
| 2000s | 294.94 million real chained 2019 US$ | 74.32 million real chained 2019 US$ | 408.51 million real chained 2019 US$ | 10 |
| 2010s | 94.23 million real chained 2019 US$ | 75.13 million real chained 2019 US$ | 116.83 million real chained 2019 US$ | 10 |
| 2020s | 67.40 million real chained 2019 US$ | 67.40 million real chained 2019 US$ | 67.40 million real chained 2019 US$ | 1 |
Countries ranked near Hungary
- 73 South Africa 107.69 million real chained 2019 US$ compare
- 74 Tajikistan 95.95 million real chained 2019 US$ compare
- 75 South Korea 71.12 million real chained 2019 US$ compare
- 77 Morocco 23.59 million real chained 2019 US$ compare
- 78 Slovakia 11.04 million real chained 2019 US$ compare
- 79 Madagascar 5.34 million real chained 2019 US$ compare
More reference data data for Hungary
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.5538 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1724 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.75 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.5679 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.75 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.86 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.09 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.6937 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 12.77 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 3.09 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Hungary?
- Nonrenewable natural capital, oil in Hungary was 67.40 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 Hungary?
- The highest recorded value was 486.68 million real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, oil recorded in Hungary?
- The lowest recorded value was 67.40 million real chained 2019 US$ in 2020.
- How does Hungary rank for nonrenewable natural capital, oil?
- Hungary ranks 76th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Hungary?
- Over the last ten years it is down 31.1%. The long-run trend across the full record is volatile.
- Where does this Hungary 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.