Total Natural Resources Rents (As % of GDP) rose to 22.4% in Papua New Guinea in 2016

Total Natural Resources Rents (As % of GDP) (%)
Metals & Mining | Papua New Guinea | May 17, 2019
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Total natural resources rents as a percentage of GDP reached 21.0 % in 2015 in Papua New Guinea, according to the National Statistical Office. This is 5.84 % less than in the previous year.

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 5.24 %, 3.72 % in Indonesia, 1.28 % in New Zealand and 1.90 % in Philippines in 2015.

Papua New Guinea has been ranked 10th within the group of 172 countries we follow in terms of total natural resources rents as a percentage of GDP, 3 places above the position seen 10 years ago.

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Total Natural Resources Rents (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 10.8% 7.59% 7.70% 7.34% 5.24%
China % 7.99% 4.15% 3.08% 2.45% 1.36%
Indonesia % 8.98% 6.91% 6.29% 5.16% 3.72%
Malaysia % 10.9% 10.5% 9.28% 9.07% 7.16%
New Zealand % 2.30% 1.98% 1.74% 1.55% 1.28%
Papua New Guinea % 28.5% 23.2% 18.4% 19.9% 21.0%
Philippines % 4.27% 3.17% 2.46% 3.17% 1.90%
Singapore % < 0.001% < 0.001% < 0.001% < 0.001% < 0.001%
Taiwan % ... ... ... ... ... ... ... ... ...
Vietnam % 9.83% 8.04% 6.48% 5.78% 3.28%