Nonrenewable natural capital, total in Norway
Norway: Nonrenewable natural capital, total was 122.24 billion real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, total in Norway, 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$.
Analysis
In 2020, nonrenewable natural capital, total in Norway stood at 122.24 billion real chained 2019 US$. That is the lowest value across all 26 years on record.
Compared with earlier readings it is down 6.6% on the previous year and down 14.0% over ten years.
Over the whole period, nonrenewable natural capital, total in Norway peaked at 167.56 billion real chained 2019 US$ in 2003 and was at its lowest, 122.24 billion real chained 2019 US$, in 2020.
Norway ranks 27th of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, total in Norway, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 156.05 billion real chained 2019 US$ | — |
| 1996 | 132.86 billion real chained 2019 US$ | -14.9% |
| 1997 | 134.51 billion real chained 2019 US$ | +1.2% |
| 1998 | 133.86 billion real chained 2019 US$ | -0.5% |
| 1999 | 128.48 billion real chained 2019 US$ | -4.0% |
| 2000 | 132.98 billion real chained 2019 US$ | +3.5% |
| 2001 | 136.79 billion real chained 2019 US$ | +2.9% |
| 2002 | 129.19 billion real chained 2019 US$ | -5.6% |
| 2003 | 167.56 billion real chained 2019 US$ | +29.7% |
| 2004 | 161.03 billion real chained 2019 US$ | -3.9% |
| 2005 | 159.99 billion real chained 2019 US$ | -0.6% |
| 2006 | 159.96 billion real chained 2019 US$ | -0.0% |
| 2007 | 155.44 billion real chained 2019 US$ | -2.8% |
| 2008 | 146.63 billion real chained 2019 US$ | -5.7% |
| 2009 | 144.89 billion real chained 2019 US$ | -1.2% |
| 2010 | 142.18 billion real chained 2019 US$ | -1.9% |
| 2011 | 133.45 billion real chained 2019 US$ | -6.1% |
| 2012 | 136.80 billion real chained 2019 US$ | +2.5% |
| 2013 | 135.17 billion real chained 2019 US$ | -1.2% |
| 2014 | 132.91 billion real chained 2019 US$ | -1.7% |
| 2015 | 138.41 billion real chained 2019 US$ | +4.1% |
| 2016 | 130.56 billion real chained 2019 US$ | -5.7% |
| 2017 | 130.81 billion real chained 2019 US$ | +0.2% |
| 2018 | 134.22 billion real chained 2019 US$ | +2.6% |
| 2019 | 130.81 billion real chained 2019 US$ | -2.5% |
| 2020 | 122.24 billion real chained 2019 US$ | -6.6% |
Norway compared with similar countries
- Norway's 122.24 billion real chained 2019 US$ is above the median for high income countries, which is 9.35 billion real chained 2019 US$, 13.1× the median. (51 countries reporting)
- Norway's 122.24 billion real chained 2019 US$ is above the median for Europe & Central Asia, which is 4.92 billion real chained 2019 US$, 24.9× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Nonrenewable natural capital, total in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +29.7% | 129.19 billion real chained 2019 US$ | 167.56 billion real chained 2019 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 137.15 billion real chained 2019 US$ | 128.48 billion real chained 2019 US$ | 156.05 billion real chained 2019 US$ | 5 |
| 2000s | 149.45 billion real chained 2019 US$ | 129.19 billion real chained 2019 US$ | 167.56 billion real chained 2019 US$ | 10 |
| 2010s | 134.53 billion real chained 2019 US$ | 130.56 billion real chained 2019 US$ | 142.18 billion real chained 2019 US$ | 10 |
| 2020s | 122.24 billion real chained 2019 US$ | 122.24 billion real chained 2019 US$ | 122.24 billion real chained 2019 US$ | 1 |
Countries ranked near Norway
- 24 Ukraine 157.71 billion real chained 2019 US$ compare
- 25 Canada 153.56 billion real chained 2019 US$ compare
- 26 Mongolia 127.89 billion real chained 2019 US$ compare
- 28 Colombia 116.08 billion real chained 2019 US$ compare
- 29 Vietnam 108.54 billion real chained 2019 US$ compare
- 30 Congo 69.31 billion real chained 2019 US$ compare
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
Frequently asked questions
- What is nonrenewable natural capital, total in Norway?
- Nonrenewable natural capital, total in Norway was 122.24 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, total recorded in Norway?
- The highest recorded value was 167.56 billion real chained 2019 US$ in 2003.
- What is the lowest nonrenewable natural capital, total recorded in Norway?
- The lowest recorded value was 122.24 billion real chained 2019 US$ in 2020.
- How does Norway rank for nonrenewable natural capital, total?
- Norway ranks 27th out of 151 countries with data for 2020.
- Is nonrenewable natural capital, total rising or falling in Norway?
- Over the last ten years it is down 14.0%. The long-run trend across the full record is falling.
- Where does this Norway 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.