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.

YR4 now has a 2.3% chance of impacting Earth in 2032, prompting ongoing observations. Ground-based telescopes will track it until April, while NASA’s Webb Telescope will examine its size in 2025. New

Experts are tracking asteroid 2024 YR4, which has a 1.2% chance of impacting Earth in 2032. Observations continue to refine its path.

An asteroid could hit Earth, but scientists are continuing to gather data to understand its trajectory and potential impact to Earth.

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).

"An asteroid this size impacts Earth on average every few thousand years and could cause severe damage to a local region," the European Space Agency said.

YR4, measuring between 130 and 300 feet, could impact Earth in 2032 with a 1.9% chance. It has garnered global attention, but experts assure minimal risk of a catastrophic impact. NASA and ESA are monitoring the situation closely.

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,