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Total Natural Resources Rents (As % of GDP) in Papua New Guinea

Source: World Bank
Last Updated: May 1, 2021

Total natural resources rents as a percentage of GDP reached 24.5 % in 2018 in Papua New Guinea, according to the National Statistical Office. This is 13.8 % more 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 7.50 %, 4.78 % in Indonesia, 1.32 % in New Zealand and 1.47 % in Philippines in 2018.

Papua New Guinea has been ranked 16th within the group of 167 countries we follow in terms of total natural resources rents as a percentage of GDP, 7 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.

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