Least developed countries vs Papua New Guinea: Mineral rents
Mineral rents over time
- Least developed countries
- Papua New Guinea
How they compare
Papua New Guinea currently reports 14.4% against 3.1% in Least developed countries, a difference of 11.3%.
That makes Papua New Guinea's figure about 4.6 times Least developed countries's.
The two have swapped places 1 time across 52 shared years of data; in 1970 it was Least developed countries ahead.
Least developed countries ranks 7th and Papua New Guinea ranks 9th of 47 groups.
Papua New Guinea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Least developed countries | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.6% | 14.7% | 12.0% | Papua New Guinea |
| 1980s | 1.1% | 17.5% | 16.5% | Papua New Guinea |
| 1990s | 0.3% | 8.6% | 8.3% | Papua New Guinea |
| 2000s | 0.6% | 10.3% | 9.7% | Papua New Guinea |
| 2010s | 1.0% | 7.8% | 6.8% | Papua New Guinea |
| 2020s | 2.0% | 8.7% | 6.7% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher mineral rents, Least developed countries or Papua New Guinea?
- Papua New Guinea, at 14.4% against 3.1% in Least developed countries as of 2021.
- What is the difference in mineral rents between Least developed countries and Papua New Guinea?
- 11.3%, with Papua New Guinea ahead.
- How many years of comparable data are there for Least developed countries and Papua New Guinea?
- 52 years are reported by both, from 1970 to 2021.
- How do Least developed countries and Papua New Guinea rank globally for mineral rents?
- Least developed countries ranks 7th and Papua New Guinea ranks 9th of 47 groups.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Mineral rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.