While articles, lists and videos celebrating the most memorable moments of the year are common place every December, Wikipedia has just released its first year-in-review video ever.

The news stories covered include the FIFA World Cup in Brazil, the Ice Bucket Challenge, the protests in Ferguson and Hong Kong, and many more.

But what makes this two-minute video stand out is that all of it is made from freely licensed images, text and video, uploaded to the online encyclopaedia by users over the last 12 months.

The producers behind it, the non-profit Wikimedia Foundation, say that it was created on a small budget.

"This video was made with everyday tools: a computer, an internet connection, lots of deep, patient thinking, research and collaboration, and the free content that ordinary people uploaded to Wikipedia,” wrote Wikimedia Foundation’s producer Victor Grigas in a blog post.

The video, which focuses on the complex process of submitting, reviewing, editing and translating the ever-growing content of Wikipedia, can be viewed here: