Oil rents in Papua New Guinea
Papua New Guinea: Oil rents was 1.9% in 2021. ◆ Volatile
Oil rents in Papua New Guinea, 1980–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Papua New Guinea is 1.9%, measured in 2021.
The figure is up 164.1% on the previous year and down 61.4% over ten years.
Over the whole period, oil rents in Papua New Guinea peaked at 15.1% in 2000 and was at its lowest, 0.0%, in 1980.
That places Papua New Guinea 40th out of 201 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 0.0% | — |
| 1981 | 0.0% | — |
| 1982 | 0.0% | — |
| 1983 | 0.0% | — |
| 1984 | 0.0% | — |
| 1985 | 0.0% | — |
| 1986 | 0.0% | — |
| 1987 | 0.0% | — |
| 1988 | 0.0% | — |
| 1989 | 0.0% | — |
| 1991 | 0.0% | — |
| 1992 | 5.4% | +181647.0% |
| 1993 | 10.9% | +103.1% |
| 1994 | 8.1% | -26.1% |
| 1995 | 8.6% | +6.1% |
| 1996 | 10.3% | +20.4% |
| 1997 | 6.6% | -35.8% |
| 1998 | 4.3% | -34.6% |
| 1999 | 9.4% | +115.5% |
| 2000 | 15.1% | +61.9% |
| 2001 | 10.0% | -33.6% |
| 2002 | 8.3% | -17.4% |
| 2003 | 8.5% | +2.8% |
| 2004 | 10.0% | +17.0% |
| 2005 | 13.6% | +36.0% |
| 2006 | 9.3% | -31.3% |
| 2007 | 8.1% | -13.0% |
| 2008 | 8.5% | +5.2% |
| 2009 | 4.0% | -53.0% |
| 2010 | 4.6% | +15.2% |
| 2011 | 4.9% | +5.1% |
| 2012 | 3.6% | -26.5% |
| 2013 | 3.4% | -3.6% |
| 2014 | 4.5% | +31.4% |
| 2015 | 2.3% | -49.7% |
| 2016 | 1.9% | -17.9% |
| 2017 | 2.2% | +19.3% |
| 2018 | 2.2% | +0.0% |
| 2019 | 1.6% | -29.4% |
| 2020 | 0.7% | -54.8% |
| 2021 | 1.9% | +164.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 10 |
| 1990s | 7.1% | 0.0% | 10.9% | 9 |
| 2000s | 9.6% | 4.0% | 15.1% | 10 |
| 2010s | 3.1% | 1.6% | 4.9% | 10 |
| 2020s | 1.3% | 0.7% | 1.9% | 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 oil rents in Papua New Guinea?
- Oil rents in Papua New Guinea was 1.9% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Papua New Guinea?
- The highest recorded value was 15.1% in 2000.
- What is the lowest oil rents recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 1980.
- How does Papua New Guinea rank for oil rents?
- Papua New Guinea ranks 40th out of 201 countries with data for 2021.
- Is oil rents rising or falling in Papua New Guinea?
- Over the last ten years it is down 61.4%. 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 Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.