![]() The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources. Īll data are in current United States dollars. In 2018/2019, the palm oil usage amounted to over 71 million metric. Examples include Bermuda, the Cayman Islands, Ireland, and Luxembourg. Energy Information Administration ( EIA ), the country accounted for nearly 15 of the world’s total oil production in 2020, churning out close to 13 million barrels of crude oil per daymore than Russia or Saudi Arabia. This statistic shows the palm oil consumption worldwide from 2015/2016 to 2022/2023. Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. The darker the shade, the higher the value. The shade of the country corresponds to the magnitude of the indicator. Energy consumption and production by country. Percentage of renewable and non-renewable (fossil fuels: oil, natural gas, and coal). In addition, non-sovereign entities are marked in italics. Description: The map displayed here shows how Oil consumption per capita varies by country. Global energy consumption live statistics. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. This can be confusing, and make comparisons difficult. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources. In the energy domain, there are many different units thrown around joules, exajoules, million tonnes of oil equivalents, barrel equivalents, British thermal units, terawatt-hours, to name a few. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. PPP largely removes the exchange rate problem but not others it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. ( see List of countries by GDP (PPP) per capita). ![]() As well, using that logic, you could say that nearly all of these countries are on here for low population but high oil production, seeing as none of them except Saudi Arabia and. GDP per capita is often considered an indicator of a country's standard of living however, this is inaccurate because GDP per capita is not a measure of personal income.Ĭomparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Norway, although it has a small population compared to most of the world, has a larger population when compared to some gulf countries, notably Qatar and Kuwait. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. ![]()
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