Nonrenewable natural capital, oil in South Korea
South Korea: Nonrenewable natural capital, oil was 71.12 million real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, oil in South Korea, 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$.
Analysis
In 2020, nonrenewable natural capital, oil in South Korea stood at 71.12 million real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 4.5% on the previous year and down 42.6% over ten years.
Over the whole period, nonrenewable natural capital, oil in South Korea peaked at 179.86 million real chained 2019 US$ in 1995 and was at its lowest, 71.12 million real chained 2019 US$, in 2020.
South Korea ranks 75th of 145 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, oil in South Korea, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 179.86 million real chained 2019 US$ | — |
| 1996 | 179.86 million real chained 2019 US$ | +0.0% |
| 1997 | 179.86 million real chained 2019 US$ | +0.0% |
| 1998 | 179.86 million real chained 2019 US$ | +0.0% |
| 1999 | 179.86 million real chained 2019 US$ | +0.0% |
| 2000 | 179.86 million real chained 2019 US$ | +0.0% |
| 2001 | 179.86 million real chained 2019 US$ | +0.0% |
| 2002 | 179.86 million real chained 2019 US$ | +0.0% |
| 2003 | 179.86 million real chained 2019 US$ | +0.0% |
| 2004 | 179.86 million real chained 2019 US$ | +0.0% |
| 2005 | 177.21 million real chained 2019 US$ | -1.5% |
| 2006 | 166.65 million real chained 2019 US$ | -6.0% |
| 2007 | 156.51 million real chained 2019 US$ | -6.1% |
| 2008 | 146.76 million real chained 2019 US$ | -6.2% |
| 2009 | 136.77 million real chained 2019 US$ | -6.8% |
| 2010 | 123.85 million real chained 2019 US$ | -9.4% |
| 2011 | 112.31 million real chained 2019 US$ | -9.3% |
| 2012 | 105.95 million real chained 2019 US$ | -5.7% |
| 2013 | 100.06 million real chained 2019 US$ | -5.6% |
| 2014 | 93.03 million real chained 2019 US$ | -7.0% |
| 2015 | 88.62 million real chained 2019 US$ | -4.7% |
| 2016 | 86.06 million real chained 2019 US$ | -2.9% |
| 2017 | 83.87 million real chained 2019 US$ | -2.5% |
| 2018 | 78.76 million real chained 2019 US$ | -6.1% |
| 2019 | 74.48 million real chained 2019 US$ | -5.4% |
| 2020 | 71.12 million real chained 2019 US$ | -4.5% |
South Korea compared with similar countries
- South Korea's 71.12 million real chained 2019 US$ is below the median for high income countries, which is 354.16 million real chained 2019 US$, 20% of the median. (49 countries reporting)
- South Korea's 71.12 million real chained 2019 US$ is below the median for East Asia & Pacific, which is 3.28 billion real chained 2019 US$, 2% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 179.86 million real chained 2019 US$ | 179.86 million real chained 2019 US$ | 179.86 million real chained 2019 US$ | 5 |
| 2000s | 168.32 million real chained 2019 US$ | 136.77 million real chained 2019 US$ | 179.86 million real chained 2019 US$ | 10 |
| 2010s | 94.70 million real chained 2019 US$ | 74.48 million real chained 2019 US$ | 123.85 million real chained 2019 US$ | 10 |
| 2020s | 71.12 million real chained 2019 US$ | 71.12 million real chained 2019 US$ | 71.12 million real chained 2019 US$ | 1 |
Countries ranked near South Korea
- 72 Bulgaria 109.92 million real chained 2019 US$ compare
- 73 South Africa 107.69 million real chained 2019 US$ compare
- 74 Tajikistan 95.95 million real chained 2019 US$ compare
- 76 Hungary 67.40 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
More reference data data for South Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in South Korea?
- Nonrenewable natural capital, oil in South Korea was 71.12 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 South Korea?
- The highest recorded value was 179.86 million real chained 2019 US$ in 1995.
- What is the lowest nonrenewable natural capital, oil recorded in South Korea?
- The lowest recorded value was 71.12 million real chained 2019 US$ in 2020.
- How does South Korea rank for nonrenewable natural capital, oil?
- South Korea ranks 75th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in South Korea?
- Over the last ten years it is down 42.6%. The long-run trend across the full record is falling.
- Where does this South Korea 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.