A recently released animation shows a new look at a large asteroid that has a small, but significant, chance of impacting planet Earth in seven years.

A newly discovered asteroid named 2024 YR4 now has a 2.2% chance of affecting Earth in 2032 after recent observations.

Astronomers have upped the odds of an asteroid called 2024 YR4 striking Earth, albeit in 2032, but warn that it will most likely soon be downgraded and miss Earth.

Astronomers say there is a 2.3% chance an asteroid nearly as big as the Statue of Liberty will smash into the Earth in 2032. The odds of this big old space rock, 2024 YR4, striking us was only 1.33% last week,

A dive into probabilities, asteroid impact modeling, and what sort of damage an approximately 180-foot asteroid could cause on Earth.

The hunk of space rock measures somewhere between 130 and 300 feet long, but its speed is unknown. “It’s a matter of ‘does it hit early or late?’” Beatty said. Based on what astronomers do know, they estimate there is a 1.3% chance that it will hit Earth on Dec. 22, 2032.

Look at it this way — there's around a 98 per cent chance an asteroid up to the size of a football field won't hit the Earth in eight years. Still, there's up to a two per cent chance it will, according to NASA and the European Space Agency (ESA).

Space agencies have systems in place to spot, track, and forecast the future orbits of potentially hazardous asteroids.

An asteroid has a one in 83 chance of hitting Earth in just over seven years. While most space rocks pass by harmlessly, this one, known as 2024 YR4, which is about half the size of a football field,