Statizoid

Oil reserves, per unit of GDP in Papua New Guinea

Papua New Guinea: Oil reserves, per unit of GDP was 0.001 cubic meters per US$ of GDP in 2021. ◆ Volatile

Latest (2021)
0.001 cubic meters per US$ of GDP
Change on year
down 7.8%
World rank
41st
of 198 countries
All-time high
0.0186 cubic meters per US$ of GDP
in 2001
All-time low
0.0008 cubic meters per US$ of GDP
in 2011
Years of data
37
1985–2021

Oil reserves, per unit of GDP in Papua New Guinea, 1985–2021

00.0050.010.0150.021985200320211985: 0.003 cubic meters per US$ of GDP1986: 0.003 cubic meters per US$ of GDP1987: 0.003 cubic meters per US$ of GDP1988: 0.009 cubic meters per US$ of GDP1989: 0.009 cubic meters per US$ of GDP1990: 0.01 cubic meters per US$ of GDP1991: 0.008 cubic meters per US$ of GDP1992: 0.007 cubic meters per US$ of GDP1993: 0.011 cubic meters per US$ of GDP1994: 0.007 cubic meters per US$ of GDP1995: 0.008 cubic meters per US$ of GDP1996: 0.012 cubic meters per US$ of GDP1997: 0.009 cubic meters per US$ of GDP1998: 0.014 cubic meters per US$ of GDP1999: 0.015 cubic meters per US$ of GDP2000: 0.015 cubic meters per US$ of GDP2001: 0.019 cubic meters per US$ of GDP2002: 0.013 cubic meters per US$ of GDP2003: 0.011 cubic meters per US$ of GDP2004: 0.01 cubic meters per US$ of GDP2005: 0.008 cubic meters per US$ of GDP2006: 0.005 cubic meters per US$ of GDP2007: 0.004 cubic meters per US$ of GDP2008: 0.001 cubic meters per US$ of GDP2009: 0.001 cubic meters per US$ of GDP2010: 0.001 cubic meters per US$ of GDP2011: 0.001 cubic meters per US$ of GDP2012: 0.001 cubic meters per US$ of GDP2013: 0.001 cubic meters per US$ of GDP2014: 0.001 cubic meters per US$ of GDP2015: 0.001 cubic meters per US$ of GDP2016: 0.001 cubic meters per US$ of GDP2017: 0.001 cubic meters per US$ of GDP2018: 0.001 cubic meters per US$ of GDP2019: 0.001 cubic meters per US$ of GDP2020: 0.001 cubic meters per US$ of GDP2021: 0.001 cubic meters per US$ of GDP

Source: Statizoid (derived). Measured in cubic meters per US$ of GDP.

Analysis

Papua New Guinea recorded 0.001 cubic meters per US$ of GDP for oil reserves, per unit of gdp in 2021.

Compared with earlier readings it is down 7.8% on the previous year and up 25.0% over ten years.

Over the whole period, oil reserves, per unit of gdp in Papua New Guinea peaked at 0.0186 cubic meters per US$ of GDP in 2001 and was at its lowest, 0.0008 cubic meters per US$ of GDP, in 2011.

Papua New Guinea ranks 41st of 198 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Oil reserves, per unit of GDP in Papua New Guinea, year by year

Year cubic meters per US$ of GDP Change
1985 0.0033 cubic meters per US$ of GDP —
1986 0.003 cubic meters per US$ of GDP -8.5%
1987 0.0033 cubic meters per US$ of GDP +9.5%
1988 0.0087 cubic meters per US$ of GDP +164.6%
1989 0.009 cubic meters per US$ of GDP +3.1%
1990 0.0099 cubic meters per US$ of GDP +10.1%
1991 0.0084 cubic meters per US$ of GDP -15.0%
1992 0.0073 cubic meters per US$ of GDP -13.5%
1993 0.0109 cubic meters per US$ of GDP +49.6%
1994 0.0073 cubic meters per US$ of GDP -32.6%
1995 0.0079 cubic meters per US$ of GDP +7.3%
1996 0.0123 cubic meters per US$ of GDP +57.1%
1997 0.0089 cubic meters per US$ of GDP -28.2%
1998 0.0136 cubic meters per US$ of GDP +54.0%
1999 0.0152 cubic meters per US$ of GDP +11.7%
2000 0.015 cubic meters per US$ of GDP -1.3%
2001 0.0186 cubic meters per US$ of GDP +23.5%
2002 0.0126 cubic meters per US$ of GDP -32.0%
2003 0.0108 cubic meters per US$ of GDP -14.6%
2004 0.0097 cubic meters per US$ of GDP -10.0%
2005 0.0078 cubic meters per US$ of GDP -19.3%
2006 0.0046 cubic meters per US$ of GDP -41.8%
2007 0.004 cubic meters per US$ of GDP -12.5%
2008 0.0012 cubic meters per US$ of GDP -70.0%
2009 0.0012 cubic meters per US$ of GDP +0.4%
2010 0.001 cubic meters per US$ of GDP -18.5%
2011 0.0008 cubic meters per US$ of GDP -20.8%
2012 0.0014 cubic meters per US$ of GDP +74.7%
2013 0.0012 cubic meters per US$ of GDP -15.1%
2014 0.0013 cubic meters per US$ of GDP +10.4%
2015 0.0013 cubic meters per US$ of GDP +0.7%
2016 0.0014 cubic meters per US$ of GDP +7.7%
2017 0.0011 cubic meters per US$ of GDP -19.3%
2018 0.0012 cubic meters per US$ of GDP +8.8%
2019 0.0011 cubic meters per US$ of GDP -9.2%
2020 0.0011 cubic meters per US$ of GDP -4.3%
2021 0.001 cubic meters per US$ of GDP -7.8%

Averages by decade

DecadeAverage LowestHighest Years
1980s 0.0054 cubic meters per US$ of GDP 0.003 cubic meters per US$ of GDP 0.009 cubic meters per US$ of GDP 5
1990s 0.0102 cubic meters per US$ of GDP 0.0073 cubic meters per US$ of GDP 0.0152 cubic meters per US$ of GDP 10
2000s 0.0086 cubic meters per US$ of GDP 0.0012 cubic meters per US$ of GDP 0.0186 cubic meters per US$ of GDP 10
2010s 0.0012 cubic meters per US$ of GDP 0.0008 cubic meters per US$ of GDP 0.0014 cubic meters per US$ of GDP 10
2020s 0.001 cubic meters per US$ of GDP 0.001 cubic meters per US$ of GDP 0.0011 cubic meters per US$ of GDP 2

Countries ranked near Papua New Guinea

  1. 38 Brazil 0.0012 cubic meters per US$ of GDP compare
  2. 39 Uzbekistan 0.0012 cubic meters per US$ of GDP compare
  3. 40 Colombia 0.001 cubic meters per US$ of GDP compare
  4. 42 Argentina 0.0008 cubic meters per US$ of GDP compare
  5. 43 Bolivia, Plurinational State of 0.0008 cubic meters per US$ of GDP compare
  6. 44 Bahrain 0.0007 cubic meters per US$ of GDP compare

See the full ranking of 198 places →

More energy & mining data for Papua New Guinea

All data for Papua New Guinea →

Frequently asked questions

What is oil reserves, per unit of gdp in Papua New Guinea?
Oil reserves, per unit of gdp in Papua New Guinea was 0.001 cubic meters per US$ of GDP in 2021, according to Statizoid (derived).
What is the highest oil reserves, per unit of gdp recorded in Papua New Guinea?
The highest recorded value was 0.0186 cubic meters per US$ of GDP in 2001.
What is the lowest oil reserves, per unit of gdp recorded in Papua New Guinea?
The lowest recorded value was 0.0008 cubic meters per US$ of GDP in 2011.
How does Papua New Guinea rank for oil reserves, per unit of gdp?
Papua New Guinea ranks 41st out of 198 countries with data for 2021.
Is oil reserves, per unit of gdp rising or falling in Papua New Guinea?
Over the last ten years it is up 25.0%. The long-run trend across the full record is volatile.
Where does this Papua New Guinea data come from?
The figures come from Statizoid (derived), published as part of Oil reserves, per unit of GDP. Statizoid updates them automatically from the source API.

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Oil reserves, per unit of GDP in Papua New Guinea. Statizoid, drawing on Statizoid (derived). Retrieved 02 September 2026, from https://energy.statizoid.com/stat/oil-reserves-per-unit-of-gdp/papua-new-guinea/

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How this figure is calculated

Oil reserves divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Oil reserves ÷ GDP (current US$)

Computed from

  • Oil reserves U.S. Energy Information Administration (2022) – with major processing by Our World in Data
  • GDP Country official statistics, National Statistical Organizations and/or Central Banks

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Oil reserves, per unit of GDP
Unit
cubic meters per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
198 places, 7,375 data points, 1980–2021
Last refreshed

Oil reserves divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.