Nonrenewable natural capital per capita, oil in Papua New Guinea
Papua New Guinea: Nonrenewable natural capital per capita, oil was 336 real chained 2019 US$ in 2020. ◆ Volatile
Nonrenewable natural capital per capita, 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$.
Analysis
In 2020, nonrenewable natural capital per capita, oil in Papua New Guinea stood at 336 real chained 2019 US$.
Compared with earlier readings it is down 9.7% on the previous year and up 39.8% over ten years.
Over the whole period, nonrenewable natural capital per capita, oil in Papua New Guinea peaked at 1,731 real chained 2019 US$ in 1996 and was at its lowest, 233.48 real chained 2019 US$, in 2011.
That places Papua New Guinea 37th out of 145 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nonrenewable natural capital per capita, oil in Papua New Guinea, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1,027 real chained 2019 US$ | — |
| 1996 | 1,731 real chained 2019 US$ | +68.5% |
| 1997 | 1,148 real chained 2019 US$ | -33.7% |
| 1998 | 1,310 real chained 2019 US$ | +14.1% |
| 1999 | 1,296 real chained 2019 US$ | -1.1% |
| 2000 | 1,252 real chained 2019 US$ | -3.4% |
| 2001 | 1,308 real chained 2019 US$ | +4.4% |
| 2002 | 837.8 real chained 2019 US$ | -35.9% |
| 2003 | 816.14 real chained 2019 US$ | -2.6% |
| 2004 | 789.92 real chained 2019 US$ | -3.2% |
| 2005 | 764.92 real chained 2019 US$ | -3.2% |
| 2006 | 741.04 real chained 2019 US$ | -3.1% |
| 2007 | 718.25 real chained 2019 US$ | -3.1% |
| 2008 | 255.36 real chained 2019 US$ | -64.4% |
| 2009 | 247.69 real chained 2019 US$ | -3.0% |
| 2010 | 240.36 real chained 2019 US$ | -3.0% |
| 2011 | 233.48 real chained 2019 US$ | -2.9% |
| 2012 | 469.66 real chained 2019 US$ | +101.2% |
| 2013 | 387.5 real chained 2019 US$ | -17.5% |
| 2014 | 455 real chained 2019 US$ | +17.4% |
| 2015 | 417.92 real chained 2019 US$ | -8.2% |
| 2016 | 419.53 real chained 2019 US$ | +0.4% |
| 2017 | 362.27 real chained 2019 US$ | -13.6% |
| 2018 | 408.13 real chained 2019 US$ | +12.7% |
| 2019 | 372.1 real chained 2019 US$ | -8.8% |
| 2020 | 336 real chained 2019 US$ | -9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,303 real chained 2019 US$ | 1,027 real chained 2019 US$ | 1,731 real chained 2019 US$ | 5 |
| 2000s | 773.11 real chained 2019 US$ | 247.69 real chained 2019 US$ | 1,308 real chained 2019 US$ | 10 |
| 2010s | 376.6 real chained 2019 US$ | 233.48 real chained 2019 US$ | 469.66 real chained 2019 US$ | 10 |
| 2020s | 336 real chained 2019 US$ | 336 real chained 2019 US$ | 336 real chained 2019 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 per capita, oil in Papua New Guinea?
- Nonrenewable natural capital per capita, oil in Papua New Guinea was 336 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 per capita, oil recorded in Papua New Guinea?
- The highest recorded value was 1,731 real chained 2019 US$ in 1996.
- What is the lowest nonrenewable natural capital per capita, oil recorded in Papua New Guinea?
- The lowest recorded value was 233.48 real chained 2019 US$ in 2011.
- How does Papua New Guinea rank for nonrenewable natural capital per capita, oil?
- Papua New Guinea ranks 37th out of 145 countries with data for 2020.
- Is nonrenewable natural capital per capita, oil rising or falling in Papua New Guinea?
- Over the last ten years it is up 39.8%. The long-run trend across the full record is volatile.
- 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 per capita, oil (real chained 2019 US$). Statizoid updates them automatically from the source API.
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About this data
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.