Nonrenewable natural capital, oil in Papua New Guinea
Papua New Guinea: Nonrenewable natural capital, oil was 2.59 billion current US$ in 2020. ▲ Rising
Nonrenewable natural capital, oil in Papua New Guinea, 1995–2020
Source: World Bank. Measured in current US$.
Analysis
In 2020, nonrenewable natural capital, oil in Papua New Guinea stood at 2.59 billion current US$.
Compared with earlier readings it is down 27.1% on the previous year and down 41.5% over ten years.
Over the whole period, nonrenewable natural capital, oil in Papua New Guinea peaked at 10.37 billion current US$ in 2007 and was at its lowest, 1.79 billion current US$, in 1998.
That places Papua New Guinea 33rd out of 86 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.39 billion current US$ | 1.79 billion current US$ | 5.39 billion current US$ | 5 |
| 2000s | 6.08 billion current US$ | 3.24 billion current US$ | 10.37 billion current US$ | 10 |
| 2010s | 5.00 billion current US$ | 2.79 billion current US$ | 7.29 billion current US$ | 10 |
| 2020s | 2.59 billion current US$ | 2.59 billion current US$ | 2.59 billion current US$ | 1 |
Countries ranked near Papua New Guinea
More reference data data for Papua New Guinea
- Emission Totals - Emissions (N2O) - Manure Management 0.5295 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.3515 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Agricultural Soil 361.58 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop re 0.1521 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 1,897 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1,563 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.0006 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0038 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 55.83 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.89 (2050)
Frequently asked questions
- What is nonrenewable natural capital, oil in Papua New Guinea?
- Nonrenewable natural capital, oil in Papua New Guinea was 2.59 billion current US$ in 2020, according to the World Bank.
- What is the highest nonrenewable natural capital, oil recorded in Papua New Guinea?
- The highest recorded value was 10.37 billion current US$ in 2007.
- What is the lowest nonrenewable natural capital, oil recorded in Papua New Guinea?
- The lowest recorded value was 1.79 billion current US$ in 1998.
- How does Papua New Guinea rank for nonrenewable natural capital, oil?
- Papua New Guinea ranks 33rd out of 86 countries with data for 2020.
- Is nonrenewable natural capital, oil rising or falling in Papua New Guinea?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from the World Bank, published as part of Nonrenewable natural capital, oil (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).