Nonrenewable natural capital, oil in Iraq
Iraq: Nonrenewable natural capital, oil was 2.51 trillion real chained 2019 US$ in 2020. ▲ Rising
Nonrenewable natural capital, oil in Iraq, 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$.
Analysis
In 2020, nonrenewable natural capital, oil in Iraq stood at 2.51 trillion real chained 2019 US$.
Compared with earlier readings it is up 26.1% over ten years.
Over the whole period, nonrenewable natural capital, oil in Iraq peaked at 2.58 trillion real chained 2019 US$ in 2016 and was at its lowest, 1.73 trillion real chained 2019 US$, in 1995.
Iraq ranks 1st of 145 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Nonrenewable natural capital, oil in Iraq, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1.73 trillion real chained 2019 US$ | — |
| 1996 | 1.94 trillion real chained 2019 US$ | +12.0% |
| 1997 | 1.95 trillion real chained 2019 US$ | +0.4% |
| 1998 | 1.95 trillion real chained 2019 US$ | +0.0% |
| 1999 | 1.95 trillion real chained 2019 US$ | +0.0% |
| 2000 | 1.95 trillion real chained 2019 US$ | +0.0% |
| 2001 | 1.99 trillion real chained 2019 US$ | +2.2% |
| 2002 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2003 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2004 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2005 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2006 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2007 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2008 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2009 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2010 | 1.99 trillion real chained 2019 US$ | +0.0% |
| 2011 | 2.48 trillion real chained 2019 US$ | +24.4% |
| 2012 | 2.43 trillion real chained 2019 US$ | -2.0% |
| 2013 | 2.50 trillion real chained 2019 US$ | +2.8% |
| 2014 | 2.48 trillion real chained 2019 US$ | -0.8% |
| 2015 | 2.47 trillion real chained 2019 US$ | -0.4% |
| 2016 | 2.58 trillion real chained 2019 US$ | +4.4% |
| 2017 | 2.55 trillion real chained 2019 US$ | -1.0% |
| 2018 | 2.51 trillion real chained 2019 US$ | -1.5% |
| 2019 | 2.51 trillion real chained 2019 US$ | +0.0% |
| 2020 | 2.51 trillion real chained 2019 US$ | +0.0% |
Iraq compared with similar countries
- Iraq's 2.51 trillion real chained 2019 US$ is above the median for upper middle income countries, which is 614.38 million real chained 2019 US$, 4092.5× the median. (42 countries reporting)
- Iraq's 2.51 trillion real chained 2019 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.82 billion real chained 2019 US$, 890.7× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.91 trillion real chained 2019 US$ | 1.73 trillion real chained 2019 US$ | 1.95 trillion real chained 2019 US$ | 5 |
| 2000s | 1.99 trillion real chained 2019 US$ | 1.95 trillion real chained 2019 US$ | 1.99 trillion real chained 2019 US$ | 10 |
| 2010s | 2.45 trillion real chained 2019 US$ | 1.99 trillion real chained 2019 US$ | 2.58 trillion real chained 2019 US$ | 10 |
| 2020s | 2.51 trillion real chained 2019 US$ | 2.51 trillion real chained 2019 US$ | 2.51 trillion real chained 2019 US$ | 1 |
Countries ranked near Iraq
- 2 United Arab Emirates 1.61 trillion real chained 2019 US$ compare
- 3 Iran 1.40 trillion real chained 2019 US$ compare
- 4 United States 1.23 trillion real chained 2019 US$ compare
More reference data data for Iraq
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2116 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.19 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 7.23 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3911 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 7.23 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.7096 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.235 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 13.21 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 30.36 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.13 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Iraq?
- Nonrenewable natural capital, oil in Iraq was 2.51 trillion 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 Iraq?
- The highest recorded value was 2.58 trillion real chained 2019 US$ in 2016.
- What is the lowest nonrenewable natural capital, oil recorded in Iraq?
- The lowest recorded value was 1.73 trillion real chained 2019 US$ in 1995.
- How does Iraq rank for nonrenewable natural capital, oil?
- Iraq ranks 1st out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Iraq?
- Over the last ten years it is up 26.1%. The long-run trend across the full record is rising.
- Where does this Iraq 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.