Mineral rents in Papua New Guinea
Papua New Guinea: Mineral rents was 14.4% in 2021. ◆ Volatile
Mineral rents in Papua New Guinea, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for mineral rents in Papua New Guinea is 14.4%, measured in 2021.
That represents a change of up 375.3% on the previous year and down 20.7% over ten years.
Over the whole period, mineral rents in Papua New Guinea peaked at 27.6% in 1974 and was at its lowest, 0.0%, in 1970.
Papua New Guinea ranks 9th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 14.3% | — |
| 1973 | 24.9% | +73.8% |
| 1974 | 27.6% | +11.0% |
| 1975 | 16.7% | -39.5% |
| 1976 | 15.8% | -5.2% |
| 1977 | 14.6% | -7.7% |
| 1978 | 14.8% | +1.1% |
| 1979 | 17.9% | +21.5% |
| 1980 | 19.7% | +10.1% |
| 1981 | 16.8% | -14.9% |
| 1982 | 14.6% | -13.2% |
| 1983 | 16.3% | +11.7% |
| 1984 | 12.4% | -24.1% |
| 1985 | 17.7% | +43.6% |
| 1986 | 16.1% | -9.5% |
| 1987 | 19.7% | +22.5% |
| 1988 | 21.7% | +10.4% |
| 1989 | 20.2% | -6.8% |
| 1990 | 18.7% | -7.8% |
| 1991 | 14.3% | -23.6% |
| 1992 | 11.9% | -16.6% |
| 1993 | 7.3% | -38.3% |
| 1994 | 8.5% | +15.7% |
| 1995 | 12.0% | +41.2% |
| 1996 | 5.0% | -58.5% |
| 1997 | 1.3% | -74.8% |
| 1998 | 4.1% | +223.6% |
| 1999 | 3.4% | -15.8% |
| 2000 | 6.7% | +95.8% |
| 2001 | 3.2% | -52.1% |
| 2002 | 6.3% | +97.8% |
| 2003 | 7.3% | +14.9% |
| 2004 | 14.3% | +95.8% |
| 2005 | 13.8% | -3.2% |
| 2006 | 15.0% | +8.6% |
| 2007 | 12.4% | -17.2% |
| 2008 | 12.8% | +2.8% |
| 2009 | 11.4% | -11.0% |
| 2010 | 19.3% | +70.3% |
| 2011 | 18.2% | -5.9% |
| 2012 | 9.8% | -46.3% |
| 2013 | 5.7% | -41.9% |
| 2014 | 3.7% | -35.3% |
| 2015 | 1.8% | -50.8% |
| 2016 | 4.8% | +165.3% |
| 2017 | 5.7% | +19.8% |
| 2018 | 6.1% | +5.5% |
| 2019 | 3.1% | -48.7% |
| 2020 | 3.0% | -2.4% |
| 2021 | 14.4% | +375.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.7% | 0.0% | 27.6% | 10 |
| 1980s | 17.5% | 12.4% | 21.7% | 10 |
| 1990s | 8.6% | 1.3% | 18.7% | 10 |
| 2000s | 10.3% | 3.2% | 15.0% | 10 |
| 2010s | 7.8% | 1.8% | 19.3% | 10 |
| 2020s | 8.7% | 3.0% | 14.4% | 2 |
Countries ranked near Papua New Guinea
More energy & mining data for Papua New Guinea
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 9.69 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 17.0% (2023)
Frequently asked questions
- What is mineral rents in Papua New Guinea?
- Mineral rents in Papua New Guinea was 14.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Papua New Guinea?
- The highest recorded value was 27.6% in 1974.
- What is the lowest mineral rents recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 1970.
- How does Papua New Guinea rank for mineral rents?
- Papua New Guinea ranks 9th out of 214 countries with data for 2021.
- Is mineral rents rising or falling in Papua New Guinea?
- Over the last ten years it is down 20.7%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
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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.