Renewable natural capital, timber in Iceland
Iceland: Renewable natural capital, timber was 675,791 real chained 2019 US$ in 2020. ▲ Rising
Renewable natural capital, timber in Iceland, 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$.
Analysis
In 2020, renewable natural capital, timber in Iceland stood at 675,791 real chained 2019 US$. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 18.8% over ten years.
Over the whole period, renewable natural capital, timber in Iceland peaked at 675,791 real chained 2019 US$ in 2020 and was at its lowest, 236,414 real chained 2019 US$, in 1995.
That places Iceland 147th out of 151 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Renewable natural capital, timber in Iceland, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 236,414 real chained 2019 US$ | — |
| 1996 | 257,236 real chained 2019 US$ | +8.8% |
| 1997 | 278,059 real chained 2019 US$ | +8.1% |
| 1998 | 298,881 real chained 2019 US$ | +7.5% |
| 1999 | 319,704 real chained 2019 US$ | +7.0% |
| 2000 | 340,526 real chained 2019 US$ | +6.5% |
| 2001 | 363,341 real chained 2019 US$ | +6.7% |
| 2002 | 386,155 real chained 2019 US$ | +6.3% |
| 2003 | 408,970 real chained 2019 US$ | +5.9% |
| 2004 | 431,784 real chained 2019 US$ | +5.6% |
| 2005 | 454,599 real chained 2019 US$ | +5.3% |
| 2006 | 477,414 real chained 2019 US$ | +5.0% |
| 2007 | 500,228 real chained 2019 US$ | +4.8% |
| 2008 | 523,043 real chained 2019 US$ | +4.6% |
| 2009 | 545,857 real chained 2019 US$ | +4.4% |
| 2010 | 568,672 real chained 2019 US$ | +4.2% |
| 2011 | 580,135 real chained 2019 US$ | +2.0% |
| 2012 | 591,599 real chained 2019 US$ | +2.0% |
| 2013 | 603,062 real chained 2019 US$ | +1.9% |
| 2014 | 614,526 real chained 2019 US$ | +1.9% |
| 2015 | 625,990 real chained 2019 US$ | +1.9% |
| 2016 | 635,950 real chained 2019 US$ | +1.6% |
| 2017 | 645,910 real chained 2019 US$ | +1.6% |
| 2018 | 655,870 real chained 2019 US$ | +1.5% |
| 2019 | 665,831 real chained 2019 US$ | +1.5% |
| 2020 | 675,791 real chained 2019 US$ | +1.5% |
Iceland compared with similar countries
- Iceland's 675,791 real chained 2019 US$ is below the median for high income countries, which is 4.37 billion real chained 2019 US$, 0% of the median. (51 countries reporting)
- Iceland's 675,791 real chained 2019 US$ is below the median for Europe & Central Asia, which is 3.74 billion real chained 2019 US$, 0% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 278,059 real chained 2019 US$ | 236,414 real chained 2019 US$ | 319,704 real chained 2019 US$ | 5 |
| 2000s | 443,192 real chained 2019 US$ | 340,526 real chained 2019 US$ | 545,857 real chained 2019 US$ | 10 |
| 2010s | 618,754 real chained 2019 US$ | 568,672 real chained 2019 US$ | 665,831 real chained 2019 US$ | 10 |
| 2020s | 675,791 real chained 2019 US$ | 675,791 real chained 2019 US$ | 675,791 real chained 2019 US$ | 1 |
Countries ranked near Iceland
- 144 Djibouti 4.99 million real chained 2019 US$ compare
- 145 Kuwait 4.96 million real chained 2019 US$ compare
- 146 Oman 3.23 million real chained 2019 US$ compare
- 148 Maldives 648,103 real chained 2019 US$ compare
- 149 Bahrain 104,653 real chained 2019 US$ compare
- 150 Malta 0 real chained 2019 US$
- 150 Qatar 0 real chained 2019 US$
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is renewable natural capital, timber in Iceland?
- Renewable natural capital, timber in Iceland was 675,791 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 renewable natural capital, timber recorded in Iceland?
- The highest recorded value was 675,791 real chained 2019 US$ in 2020.
- What is the lowest renewable natural capital, timber recorded in Iceland?
- The lowest recorded value was 236,414 real chained 2019 US$ in 1995.
- How does Iceland rank for renewable natural capital, timber?
- Iceland ranks 147th out of 151 countries with data for 2020.
- Is renewable natural capital, timber rising or falling in Iceland?
- Over the last ten years it is up 18.8%. The long-run trend across the full record is rising.
- Where does this Iceland 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 Renewable natural capital, timber (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.