What was Papua New Guinea's Mineral rents (% of GDP) in 2021?

In 2021, Papua New Guinea's Mineral rents (% of GDP) was 14.41, according to World Bank Open Data.

Is Papua New Guinea's Mineral rents (% of GDP) rising or falling?

Papua New Guinea's Mineral rents (% of GDP) rose 375.3% from 2020 to 2021.

How does Papua New Guinea rank globally on Mineral rents (% of GDP)?

In 2021, Papua New Guinea ranked #8 out of 197 countries reporting Mineral rents (% of GDP).

How does Papua New Guinea's Mineral rents (% of GDP) compare to the world average?

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Papua New Guinea is above the world average. Within East Asia & Pacific, it ranks #3 of 35.

Papua New Guinea: Mineral rents (% of GDP)

Name: Papua New Guinea: Mineral rents (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2021, Papua New Guinea's Mineral rents (% of GDP) was 14.41.

That's up 375.3% from 2020, the highest value since 2011.

The global average for this indicator in 2021 was 1.76 . Papua New Guinea ranks #8 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #3 of 35.

Source: World Bank Open Data (NY.GDP.MINR.RT.ZS) • Data as of 2021

Trend (2002–2021)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse

Highlights

Peak: 19.33; 2010
Trough: 1.81; 2015
1-year change: +375.3%
5-year change: +200.8%; +24.6% / yr
10-year change: -20.7%; -2.3% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	14.4143
2020	3.0326
2019	3.1058
2018	6.0543
2017	5.7396
2016	4.7922
2015	1.8061
2014	3.6730
2013	5.6754
2012	9.7614

About Mineral rents (% of GDP)

Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.

Indicator code: NY.GDP.MINR.RT.ZS • Category: Economy

Frequently asked questions

What was Papua New Guinea's Mineral rents (% of GDP) in 2021?: In 2021, Papua New Guinea's Mineral rents (% of GDP) was 14.41, according to World Bank Open Data.
Is Papua New Guinea's Mineral rents (% of GDP) rising or falling?: Papua New Guinea's Mineral rents (% of GDP) rose 375.3% from 2020 to 2021.
How does Papua New Guinea rank globally on Mineral rents (% of GDP)?: In 2021, Papua New Guinea ranked #8 out of 197 countries reporting Mineral rents (% of GDP).
How does Papua New Guinea's Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Papua New Guinea is above the world average. Within East Asia & Pacific, it ranks #3 of 35.
What is Mineral rents (% of GDP) and how is it measured?: Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.

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Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.