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Papua New Guinea: Total natural resources rents (% of GDP)

In , Papua New Guinea's Total natural resources rents (% of GDP) was 27.39.

That's up 129.3% from 2020, the highest value since .

The global average for this indicator in 2021 was 6.63 . Papua New Guinea ranks #13 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #3 of 35.

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

Trend (2002–2021)

Papua New Guinea Total natural resources rents (% of GDP) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse

Highlights

Peak
31.20
Trough
11.67
1-year change
+129.3%
5-year change
+91.0%
+13.8% / yr
10-year change
+4.3%
+0.4% / yr

Historical Data — Last 10 Years

Year Total natural resources rents (% of GDP)
27.3867
11.9417
13.8152
16.9219
16.0436
14.3368
12.7385
14.0277
11.6659
15.8153

About Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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

Frequently asked questions

What was Papua New Guinea's Total natural resources rents (% of GDP) in 2021?
In 2021, Papua New Guinea's Total natural resources rents (% of GDP) was 27.39, according to World Bank Open Data.
Is Papua New Guinea's Total natural resources rents (% of GDP) rising or falling?
Papua New Guinea's Total natural resources rents (% of GDP) rose 129.3% from 2020 to 2021.
How does Papua New Guinea rank globally on Total natural resources rents (% of GDP)?
In 2021, Papua New Guinea ranked #13 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Papua New Guinea's Total natural resources rents (% of GDP) compare to the world average?
The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Papua New Guinea is above the world average. Within East Asia & Pacific, it ranks #3 of 35.
What is Total natural resources rents (% of GDP) and how is it measured?
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.
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Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS), CC BY 4.0.