OECD members vs Papua New Guinea: Oil rents
OECD members
0.5%
in 2021
Papua New Guinea
1.9%
in 2021
OECD members rank
37th
Papua New Guinea rank
40th
Oil rents over time
- OECD members
- Papua New Guinea
How they compare
Papua New Guinea currently reports 1.9% against 0.5% in OECD members, a difference of 1.4%.
That makes Papua New Guinea's figure about 3.8 times OECD members's.
The two have swapped places 1 time across 41 shared years of data; in 1980 it was OECD members ahead.
OECD members ranks 37th and Papua New Guinea ranks 40th of 47 groups.
Across the 5 decades both report, OECD members averaged higher in 1 and Papua New Guinea in 4.
Head to head by decade
| Decade | OECD members | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.9% | 0.0% | 0.9% | OECD members |
| 1990s | 0.2% | 7.1% | 6.8% | Papua New Guinea |
| 2000s | 0.4% | 9.6% | 9.1% | Papua New Guinea |
| 2010s | 0.3% | 3.1% | 2.8% | Papua New Guinea |
| 2020s | 0.3% | 1.3% | 1.0% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, OECD members or Papua New Guinea?
- Papua New Guinea, at 1.9% against 0.5% in OECD members as of 2021.
- What is the difference in oil rents between OECD members and Papua New Guinea?
- 1.4%, with Papua New Guinea ahead.
- How many years of comparable data are there for OECD members and Papua New Guinea?
- 41 years are reported by both, from 1980 to 2021.
- How do OECD members and Papua New Guinea rank globally for oil rents?
- OECD members ranks 37th and Papua New Guinea ranks 40th of 47 groups.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Oil rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.