Nonrenewable natural capital, oil in New Zealand
New Zealand: Nonrenewable natural capital, oil was 202.63 million real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, oil in New Zealand, 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$.
Analysis
The most recent figure for nonrenewable natural capital, oil in New Zealand is 202.63 million real chained 2019 US$, measured in 2020. That is the lowest value across all 26 years on record.
That represents a change of down 10.8% on the previous year and down 27.8% over ten years.
Over the whole period, nonrenewable natural capital, oil in New Zealand peaked at 887.84 million real chained 2019 US$ in 2003 and was at its lowest, 202.63 million real chained 2019 US$, in 2020.
That places New Zealand 67th out of 145 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, oil in New Zealand, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 639.32 million real chained 2019 US$ | — |
| 1996 | 486.74 million real chained 2019 US$ | -23.9% |
| 1997 | 632.07 million real chained 2019 US$ | +29.9% |
| 1998 | 679.99 million real chained 2019 US$ | +7.6% |
| 1999 | 594.39 million real chained 2019 US$ | -12.6% |
| 2000 | 594.39 million real chained 2019 US$ | +0.0% |
| 2001 | 594.39 million real chained 2019 US$ | +0.0% |
| 2002 | 419.04 million real chained 2019 US$ | -29.5% |
| 2003 | 887.84 million real chained 2019 US$ | +111.9% |
| 2004 | 255.07 million real chained 2019 US$ | -71.3% |
| 2005 | 240.94 million real chained 2019 US$ | -5.5% |
| 2006 | 248.05 million real chained 2019 US$ | +3.0% |
| 2007 | 248.05 million real chained 2019 US$ | +0.0% |
| 2008 | 257.41 million real chained 2019 US$ | +3.8% |
| 2009 | 280.81 million real chained 2019 US$ | +9.1% |
| 2010 | 280.81 million real chained 2019 US$ | +0.0% |
| 2011 | 526.53 million real chained 2019 US$ | +87.5% |
| 2012 | 449.77 million real chained 2019 US$ | -14.6% |
| 2013 | 380.97 million real chained 2019 US$ | -15.3% |
| 2014 | 366.93 million real chained 2019 US$ | -3.7% |
| 2015 | 314.51 million real chained 2019 US$ | -14.3% |
| 2016 | 300.00 million real chained 2019 US$ | -4.6% |
| 2017 | 266.31 million real chained 2019 US$ | -11.2% |
| 2018 | 274.77 million real chained 2019 US$ | +3.2% |
| 2019 | 227.17 million real chained 2019 US$ | -17.3% |
| 2020 | 202.63 million real chained 2019 US$ | -10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 606.50 million real chained 2019 US$ | 486.74 million real chained 2019 US$ | 679.99 million real chained 2019 US$ | 5 |
| 2000s | 402.60 million real chained 2019 US$ | 240.94 million real chained 2019 US$ | 887.84 million real chained 2019 US$ | 10 |
| 2010s | 338.78 million real chained 2019 US$ | 227.17 million real chained 2019 US$ | 526.53 million real chained 2019 US$ | 10 |
| 2020s | 202.63 million real chained 2019 US$ | 202.63 million real chained 2019 US$ | 202.63 million real chained 2019 US$ | 1 |
Countries ranked near New Zealand
- 64 Türkiye 329.15 million real chained 2019 US$ compare
- 65 Philippines 279.60 million real chained 2019 US$ compare
- 66 Kyrgyzstan 229.13 million real chained 2019 US$ compare
- 68 Jordan 156.76 million real chained 2019 US$ compare
- 69 Sudan 143.41 million real chained 2019 US$ compare
- 70 Greece 136.23 million real chained 2019 US$ compare
More reference data data for New Zealand
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4532 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 9.92 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.93 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0459 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.93 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.52 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.53 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 42.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 47.53 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.2499 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in New Zealand?
- Nonrenewable natural capital, oil in New Zealand was 202.63 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 New Zealand?
- The highest recorded value was 887.84 million real chained 2019 US$ in 2003.
- What is the lowest nonrenewable natural capital, oil recorded in New Zealand?
- The lowest recorded value was 202.63 million real chained 2019 US$ in 2020.
- How does New Zealand rank for nonrenewable natural capital, oil?
- New Zealand ranks 67th out of 145 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in New Zealand?
- Over the last ten years it is down 27.8%. The long-run trend across the full record is falling.
- Where does this New Zealand 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.