Nonrenewable natural capital, oil in Italy
Italy: Nonrenewable natural capital, oil was 6.96 billion real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, oil in Italy, 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$.
Analysis
The most recent figure for nonrenewable natural capital, oil in Italy is 6.96 billion real chained 2019 US$, measured in 2020.
The figure is up 9.5% on the previous year and up 4.2% over ten years.
Over the whole period, nonrenewable natural capital, oil in Italy peaked at 8.90 billion real chained 2019 US$ in 1995 and was at its lowest, 5.19 billion real chained 2019 US$, in 2006.
That places Italy 35th out of 145 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, oil in Italy, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 8.90 billion real chained 2019 US$ | — |
| 1996 | 8.72 billion real chained 2019 US$ | -2.0% |
| 1997 | 7.42 billion real chained 2019 US$ | -15.0% |
| 1998 | 7.33 billion real chained 2019 US$ | -1.2% |
| 1999 | 7.33 billion real chained 2019 US$ | +0.0% |
| 2000 | 6.89 billion real chained 2019 US$ | -6.0% |
| 2001 | 6.54 billion real chained 2019 US$ | -5.1% |
| 2002 | 6.39 billion real chained 2019 US$ | -2.4% |
| 2003 | 5.82 billion real chained 2019 US$ | -8.8% |
| 2004 | 5.33 billion real chained 2019 US$ | -8.4% |
| 2005 | 5.30 billion real chained 2019 US$ | -0.7% |
| 2006 | 5.19 billion real chained 2019 US$ | -2.0% |
| 2007 | 5.26 billion real chained 2019 US$ | +1.3% |
| 2008 | 5.41 billion real chained 2019 US$ | +2.9% |
| 2009 | 6.09 billion real chained 2019 US$ | +12.5% |
| 2010 | 6.68 billion real chained 2019 US$ | +9.8% |
| 2011 | 6.66 billion real chained 2019 US$ | -0.4% |
| 2012 | 7.16 billion real chained 2019 US$ | +7.5% |
| 2013 | 6.96 billion real chained 2019 US$ | -2.9% |
| 2014 | 7.40 billion real chained 2019 US$ | +6.4% |
| 2015 | 7.11 billion real chained 2019 US$ | -3.9% |
| 2016 | 6.23 billion real chained 2019 US$ | -12.4% |
| 2017 | 6.83 billion real chained 2019 US$ | +9.6% |
| 2018 | 6.62 billion real chained 2019 US$ | -3.1% |
| 2019 | 6.36 billion real chained 2019 US$ | -3.9% |
| 2020 | 6.96 billion real chained 2019 US$ | +9.5% |
Italy compared with similar countries
- Italy's 6.96 billion real chained 2019 US$ is above the median for high income countries, which is 354.16 million real chained 2019 US$, 19.7× the median. (49 countries reporting)
- Italy's 6.96 billion real chained 2019 US$ is above the median for Europe & Central Asia, which is 279.14 million real chained 2019 US$, 24.9× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.94 billion real chained 2019 US$ | 7.33 billion real chained 2019 US$ | 8.90 billion real chained 2019 US$ | 5 |
| 2000s | 5.82 billion real chained 2019 US$ | 5.19 billion real chained 2019 US$ | 6.89 billion real chained 2019 US$ | 10 |
| 2010s | 6.80 billion real chained 2019 US$ | 6.23 billion real chained 2019 US$ | 7.40 billion real chained 2019 US$ | 10 |
| 2020s | 6.96 billion real chained 2019 US$ | 6.96 billion real chained 2019 US$ | 6.96 billion real chained 2019 US$ | 1 |
Countries ranked near Italy
- 32 Romania 10.59 billion real chained 2019 US$ compare
- 33 Denmark 9.63 billion real chained 2019 US$ compare
- 34 Thailand 7.93 billion real chained 2019 US$ compare
- 36 Estonia 5.71 billion real chained 2019 US$ compare
- 37 Democratic Republic of Congo 5.01 billion real chained 2019 US$ compare
- 38 Trinidad and Tobago 3.93 billion real chained 2019 US$ compare
More reference data data for Italy
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.5 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 8.94 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.927 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 8.94 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 8.37 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.21 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 6.51 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 41.74 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 5.05 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Italy?
- Nonrenewable natural capital, oil in Italy was 6.96 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 Italy?
- The highest recorded value was 8.90 billion real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, oil recorded in Italy?
- The lowest recorded value was 5.19 billion real chained 2019 US$ in 2006.
- How does Italy rank for nonrenewable natural capital, oil?
- Italy ranks 35th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Italy?
- Over the last ten years it is up 4.2%. The long-run trend across the full record is falling.
- Where does this Italy 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.