What is nonrenewable natural capital, oil in Papua New Guinea?

Nonrenewable natural capital, oil in Papua New Guinea was 3.28 billion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.

What is the highest nonrenewable natural capital, oil recorded in Papua New Guinea?

The highest recorded value was 8.29 billion real chained 2019 US$ in 1996.

What is the lowest nonrenewable natural capital, oil recorded in Papua New Guinea?

The lowest recorded value was 1.82 billion real chained 2019 US$ in 2008.

How does Papua New Guinea rank for nonrenewable natural capital, oil?

Papua New Guinea ranks 43rd out of 145 countries with data for 2020.

Is nonrenewable natural capital, oil rising or falling in Papua New Guinea?

Over the last ten years it is up 79.7%. The long-run trend across the full record is falling.

Where does this Papua New Guinea data come from?

The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital, oil (real chained 2019 US$). Statizoid updates them automatically from the source API.

Nonrenewable natural capital, oil in Papua New Guinea

Name: Nonrenewable natural capital, oil in Papua New Guinea
Creator: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4
License: CC BY 4.0 (World Bank Open Data)

Papua New Guinea: Nonrenewable natural capital, oil was 3.28 billion real chained 2019 US$ in 2020. ▼ Falling

Latest (2020)

3.28 billion real chained 2019 US$

Change on year

down 7.7%

World rank

43rd

of 145 countries

All-time high

8.29 billion real chained 2019 US$

in 1996

All-time low

1.82 billion real chained 2019 US$

in 2008

Years of data

1995–2020

Nonrenewable natural capital, oil in Papua New Guinea, 1995–2020

Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.

Analysis

The most recent figure for nonrenewable natural capital, oil in Papua New Guinea is 3.28 billion real chained 2019 US$, measured in 2020.

Compared with earlier readings it is down 7.7% on the previous year and up 79.7% over ten years.

Over the whole period, nonrenewable natural capital, oil in Papua New Guinea peaked at 8.29 billion real chained 2019 US$ in 1996 and was at its lowest, 1.82 billion real chained 2019 US$, in 2008.

Papua New Guinea ranks 43rd of 145 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 26 years of available data.

Averages by decade

Decade	Average	Lowest	Highest	Years
1990s	6.47 billion real chained 2019 US$	4.74 billion real chained 2019 US$	8.29 billion real chained 2019 US$	5
2000s	4.78 billion real chained 2019 US$	1.82 billion real chained 2019 US$	7.45 billion real chained 2019 US$	10
2010s	3.25 billion real chained 2019 US$	1.82 billion real chained 2019 US$	3.85 billion real chained 2019 US$	10
2020s	3.28 billion real chained 2019 US$	3.28 billion real chained 2019 US$	3.28 billion real chained 2019 US$	1

Countries ranked near Papua New Guinea

40 Mongolia 3.75 billion real chained 2019 US$ compare
41 Cameroon 3.39 billion real chained 2019 US$ compare
42 Belarus 3.30 billion real chained 2019 US$ compare
44 Niger 3.10 billion real chained 2019 US$ compare
45 Bolivia (Plurinational State of) 3.04 billion real chained 2019 US$ compare
46 Bahrain 2.82 billion real chained 2019 US$ compare

See the full ranking of 145 places →

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)

All data for Papua New Guinea →

Frequently asked questions

What is nonrenewable natural capital, oil in Papua New Guinea?: Nonrenewable natural capital, oil in Papua New Guinea was 3.28 billion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
What is the highest nonrenewable natural capital, oil recorded in Papua New Guinea?: The highest recorded value was 8.29 billion real chained 2019 US$ in 1996.
What is the lowest nonrenewable natural capital, oil recorded in Papua New Guinea?: The lowest recorded value was 1.82 billion real chained 2019 US$ in 2008.
How does Papua New Guinea rank for nonrenewable natural capital, oil?: Papua New Guinea ranks 43rd out of 145 countries with data for 2020.
Is nonrenewable natural capital, oil rising or falling in Papua New Guinea?: Over the last ten years it is up 79.7%. The long-run trend across the full record is falling.
Where does this Papua New Guinea data come from?: The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Nonrenewable natural capital, oil (real chained 2019 US$). Statizoid updates them automatically from the source API.

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Nonrenewable natural capital, oil in Papua New Guinea. Statizoid, drawing on World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/nonrenewable-natural-capital-oil-real-chained-2019-us/papua-new-guinea/

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About this data

Indicator: Nonrenewable natural capital, oil (real chained 2019 US$)
Unit: real chained 2019 US$
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 145 places, 3,729 data points, 1995–2020
Last refreshed: 10 August 2026

Natural capital includes the valuation of renewable and nonrenewable natural capital. Renewable natural capital includes agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recretion and non-wood forest products), protected areas, mangroves and fisheries. Nonrenewable natural capital includes fossil fuel energy (oil, gas, hard and soft coal) and minerals (bauxite, copper, gold, iron ore, lead, nickel, phosphate, silver, tin, and zinc),Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.