Nonrenewable natural capital, oil in Papua New Guinea
Papua New Guinea: Nonrenewable natural capital, oil was 2.59 billion current US$ in 2020. ▲ Rising
Latest (2020)
2.59 billion current US$
Change on year
down 27.1%
World rank
33rd
of 86 countries
All-time high
10.37 billion current US$
in 2007
All-time low
1.79 billion current US$
in 1998
Years of data
26
1995–2020
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$, in 1998.
That places Papua New Guinea 33rd out of 86 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Nonrenewable natural capital, oil in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 2.92 billion current US$ | — |
| 1996 | 5.39 billion current US$ | +84.6% |
| 1997 | 3.18 billion current US$ | -41.0% |
| 1998 | 1.79 billion current US$ | -43.7% |
| 1999 | 3.69 billion current US$ | +106.3% |
| 2000 | 6.14 billion current US$ | +66.2% |
| 2001 | 4.99 billion current US$ | -18.6% |
| 2002 | 3.42 billion current US$ | -31.5% |
| 2003 | 4.04 billion current US$ | +18.0% |
| 2004 | 5.31 billion current US$ | +31.5% |
| 2005 | 6.65 billion current US$ | +25.2% |
| 2006 | 10.32 billion current US$ | +55.1% |
| 2007 | 10.37 billion current US$ | +0.5% |
| 2008 | 6.37 billion current US$ | -38.6% |
| 2009 | 3.24 billion current US$ | -49.1% |
| 2010 | 4.42 billion current US$ | +36.5% |
| 2011 | 4.30 billion current US$ | -2.7% |
| 2012 | 6.56 billion current US$ | +52.5% |
| 2013 | 7.29 billion current US$ | +11.1% |
| 2014 | 5.27 billion current US$ | -27.6% |
| 2015 | 5.03 billion current US$ | -4.6% |
| 2016 | 2.79 billion current US$ | -44.5% |
| 2017 | 4.98 billion current US$ | +78.2% |
| 2018 | 5.76 billion current US$ | +15.8% |
| 2019 | 3.55 billion current US$ | -38.4% |
| 2020 | 2.59 billion current US$ | -27.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.59 billion current US$ is above the median for lower middle income countries, which is 378.99 million current US$, 6.8× the median. (17 countries reporting)
- Papua New Guinea's 2.59 billion current US$ is above the median for East Asia & Pacific, which is 1.86 billion current US$, 1.4× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.39 billion current US$ | 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 - Indirect emissions (N2O) - Manure applied to Soils 0.2042 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0498 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.3515 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0007 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.3515 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.6846 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.5295 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2811 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.89 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0038 (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).