Nonrenewable natural capital, total in Australia
Australia: Nonrenewable natural capital, total was 2.49 trillion real chained 2019 US$ in 2020. ▲ Rising
Nonrenewable natural capital, total in Australia, 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$.
Analysis
The most recent figure for nonrenewable natural capital, total in Australia is 2.49 trillion real chained 2019 US$, measured in 2020. That is the highest value across all 26 years on record.
The figure is up 1.6% on the previous year and up 33.6% over ten years.
Over the whole period, nonrenewable natural capital, total in Australia peaked at 2.49 trillion real chained 2019 US$ in 2020 and was at its lowest, 906.12 billion real chained 2019 US$, in 1998.
That places Australia 2nd out of 151 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Nonrenewable natural capital, total in Australia, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 909.44 billion real chained 2019 US$ | — |
| 1996 | 956.23 billion real chained 2019 US$ | +5.1% |
| 1997 | 912.18 billion real chained 2019 US$ | -4.6% |
| 1998 | 906.12 billion real chained 2019 US$ | -0.7% |
| 1999 | 1.11 trillion real chained 2019 US$ | +22.3% |
| 2000 | 1.16 trillion real chained 2019 US$ | +4.4% |
| 2001 | 1.14 trillion real chained 2019 US$ | -1.2% |
| 2002 | 1.36 trillion real chained 2019 US$ | +19.0% |
| 2003 | 1.36 trillion real chained 2019 US$ | -0.1% |
| 2004 | 1.29 trillion real chained 2019 US$ | -5.1% |
| 2005 | 1.09 trillion real chained 2019 US$ | -15.3% |
| 2006 | 1.13 trillion real chained 2019 US$ | +3.6% |
| 2007 | 1.15 trillion real chained 2019 US$ | +1.9% |
| 2008 | 1.26 trillion real chained 2019 US$ | +9.3% |
| 2009 | 1.44 trillion real chained 2019 US$ | +14.0% |
| 2010 | 1.86 trillion real chained 2019 US$ | +29.8% |
| 2011 | 1.87 trillion real chained 2019 US$ | +0.6% |
| 2012 | 1.76 trillion real chained 2019 US$ | -6.4% |
| 2013 | 2.34 trillion real chained 2019 US$ | +33.0% |
| 2014 | 2.44 trillion real chained 2019 US$ | +4.5% |
| 2015 | 2.44 trillion real chained 2019 US$ | +0.1% |
| 2016 | 2.39 trillion real chained 2019 US$ | -2.2% |
| 2017 | 2.39 trillion real chained 2019 US$ | +0.1% |
| 2018 | 2.47 trillion real chained 2019 US$ | +3.4% |
| 2019 | 2.45 trillion real chained 2019 US$ | -0.8% |
| 2020 | 2.49 trillion real chained 2019 US$ | +1.6% |
Australia compared with similar countries
- Australia's 2.49 trillion real chained 2019 US$ is above the median for high income countries, which is 9.35 billion real chained 2019 US$, 266.4× the median. (51 countries reporting)
- Australia's 2.49 trillion real chained 2019 US$ is above the median for East Asia & Pacific, which is 38.51 billion real chained 2019 US$, 64.7× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, total in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +33.0% | 1.76 trillion real chained 2019 US$ | 2.34 trillion real chained 2019 US$ |
| 2010 | +29.8% | 1.44 trillion real chained 2019 US$ | 1.86 trillion real chained 2019 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 958.50 billion real chained 2019 US$ | 906.12 billion real chained 2019 US$ | 1.11 trillion real chained 2019 US$ | 5 |
| 2000s | 1.24 trillion real chained 2019 US$ | 1.09 trillion real chained 2019 US$ | 1.44 trillion real chained 2019 US$ | 10 |
| 2010s | 2.24 trillion real chained 2019 US$ | 1.76 trillion real chained 2019 US$ | 2.47 trillion real chained 2019 US$ | 10 |
| 2020s | 2.49 trillion real chained 2019 US$ | 2.49 trillion real chained 2019 US$ | 2.49 trillion real chained 2019 US$ | 1 |
Countries ranked near Australia
More reference data data for Australia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 28.02 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.14 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 118.71 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 170.29 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 13.9 (2050)
Frequently asked questions
- What is nonrenewable natural capital, total in Australia?
- Nonrenewable natural capital, total in Australia was 2.49 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, total recorded in Australia?
- The highest recorded value was 2.49 trillion real chained 2019 US$ in 2020.
- What is the lowest nonrenewable natural capital, total recorded in Australia?
- The lowest recorded value was 906.12 billion real chained 2019 US$ in 1998.
- How does Australia rank for nonrenewable natural capital, total?
- Australia ranks 2nd out of 151 countries with data for 2020.
- Is nonrenewable natural capital, total rising or falling in Australia?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Australia 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, total (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.