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

In 2021, Papua New Guinea's Natural gas rents (% of GDP) was 9.14, according to World Bank Open Data.

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

Papua New Guinea's Natural gas rents (% of GDP) rose 53.4% from 2020 to 2021.

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

In 2021, Papua New Guinea ranked #5 out of 190 countries reporting Natural gas rents (% of GDP).

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

The global average for Natural gas rents (% of GDP) in 2021 was 0.93, so Papua New Guinea is above the world average. Within East Asia & Pacific, it ranks #3 of 33.

Papua New Guinea: Natural gas rents (% of GDP)

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

In 2021, Papua New Guinea's Natural gas rents (% of GDP) was 9.14.

That's up 53.4% from 2020, the highest value on record.

The global average for this indicator in 2021 was 0.93 . Papua New Guinea ranks #5 globally out of 190 reporting countries. Within East Asia & Pacific, it ranks #3 of 33.

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

Trend (2002–2021)

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

Highlights

Peak: 9.14; 2021
Trough: 0.05; 2013
1-year change: +53.4%
5-year change: +79.3%; +12.4% / yr
10-year change: +11,975.4%; +61.5% / yr

Historical Data — Last 10 Years

Year	Natural gas rents (% of GDP)
2021	9.1397
2020	5.9598
2019	7.0659
2018	6.3313
2017	5.0875
2016	5.0968
2015	6.2472
2014	2.6851
2013	0.0520
2012	0.0530

About Natural gas rents (% of GDP)

Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.

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

Frequently asked questions

What was Papua New Guinea's Natural gas rents (% of GDP) in 2021?: In 2021, Papua New Guinea's Natural gas rents (% of GDP) was 9.14, according to World Bank Open Data.
Is Papua New Guinea's Natural gas rents (% of GDP) rising or falling?: Papua New Guinea's Natural gas rents (% of GDP) rose 53.4% from 2020 to 2021.
How does Papua New Guinea rank globally on Natural gas rents (% of GDP)?: In 2021, Papua New Guinea ranked #5 out of 190 countries reporting Natural gas rents (% of GDP).
How does Papua New Guinea's Natural gas rents (% of GDP) compare to the world average?: The global average for Natural gas rents (% of GDP) in 2021 was 0.93, so Papua New Guinea is above the world average. Within East Asia & Pacific, it ranks #3 of 33.
What is Natural gas rents (% of GDP) and how is it measured?: Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.

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