Total natural resources rents as a percentage of GDP rose 6.20% to 22.4% in Papua New Guinea in 2016, according to the National Statistical Office.
Historically, total natural resources rents as a percentage of GDP in Papua New Guinea reached an all time high of 39.1% in 2005 and an all time low of 1.85% in 1971. When compared to Papua New Guinea's main peers, total natural resources rents as a percentage of GDP in Australia amounted to 6.10%, 3.06% in Indonesia, 1.01% in New Zealand and 1.23% in Philippines in 2016.
Papua New Guinea has been ranked 11th within the group of 169 countries we follow in terms of total natural resources rents as a percentage of GDP, 4 places above the position seen 10 years ago.
Total Natural Resources Rents (As % of GDP) | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
Australia | % | 7.60% | 7.68% | 7.32% | 5.26% | 6.12% | ||||||||||||||||
China | % | 4.16% | 3.09% | 2.45% | 1.36% | 1.26% | ||||||||||||||||
Indonesia | % | 6.90% | 6.29% | 5.15% | 3.71% | 3.06% | ||||||||||||||||
Malaysia | % | 9.77% | 8.88% | 8.69% | 6.82% | 5.26% | ||||||||||||||||
New Zealand | % | 1.96% | 1.73% | 1.55% | 1.36% | 1.08% | ||||||||||||||||
Papua New Guinea | % | 23.2% | 18.4% | 21.0% | 20.1% | 20.4% | ||||||||||||||||
Philippines | % | 2.48% | 1.92% | 2.54% | 1.66% | 1.18% | ||||||||||||||||
Singapore | % | < 0.001% | < 0.001% | < 0.001% | < 0.001% | < 0.001% | ||||||||||||||||
Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Vietnam | % | 9.32% | 7.73% | 7.11% | 4.44% | 3.61% |