Nonrenewable natural capital, total in Papua New Guinea
Papua New Guinea: Nonrenewable natural capital, total was 53.54 billion real chained 2019 US$ in 2020. ▼ Falling
Nonrenewable natural capital, total 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$.
Analysis
In 2020, nonrenewable natural capital, total in Papua New Guinea stood at 53.54 billion real chained 2019 US$.
The figure is down 3.6% on the previous year and up 15.8% over ten years.
Over the whole period, nonrenewable natural capital, total in Papua New Guinea peaked at 101.43 billion real chained 2019 US$ in 1996 and was at its lowest, 45.42 billion real chained 2019 US$, in 2008.
Papua New Guinea ranks 32nd of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Nonrenewable natural capital, total in Papua New Guinea, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 86.47 billion real chained 2019 US$ | — |
| 1996 | 101.43 billion real chained 2019 US$ | +17.3% |
| 1997 | 83.66 billion real chained 2019 US$ | -17.5% |
| 1998 | 89.25 billion real chained 2019 US$ | +6.7% |
| 1999 | 89.33 billion real chained 2019 US$ | +0.1% |
| 2000 | 88.46 billion real chained 2019 US$ | -1.0% |
| 2001 | 92.18 billion real chained 2019 US$ | +4.2% |
| 2002 | 70.54 billion real chained 2019 US$ | -23.5% |
| 2003 | 69.59 billion real chained 2019 US$ | -1.4% |
| 2004 | 68.24 billion real chained 2019 US$ | -1.9% |
| 2005 | 66.64 billion real chained 2019 US$ | -2.3% |
| 2006 | 65.07 billion real chained 2019 US$ | -2.4% |
| 2007 | 63.64 billion real chained 2019 US$ | -2.2% |
| 2008 | 45.42 billion real chained 2019 US$ | -28.6% |
| 2009 | 46.89 billion real chained 2019 US$ | +3.2% |
| 2010 | 46.25 billion real chained 2019 US$ | -1.4% |
| 2011 | 45.65 billion real chained 2019 US$ | -1.3% |
| 2012 | 53.27 billion real chained 2019 US$ | +16.7% |
| 2013 | 49.59 billion real chained 2019 US$ | -6.9% |
| 2014 | 52.43 billion real chained 2019 US$ | +5.7% |
| 2015 | 51.08 billion real chained 2019 US$ | -2.6% |
| 2016 | 61.29 billion real chained 2019 US$ | +20.0% |
| 2017 | 57.87 billion real chained 2019 US$ | -5.6% |
| 2018 | 58.19 billion real chained 2019 US$ | +0.6% |
| 2019 | 55.56 billion real chained 2019 US$ | -4.5% |
| 2020 | 53.54 billion real chained 2019 US$ | -3.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 53.54 billion real chained 2019 US$ is above the median for lower middle income countries, which is 8.10 billion real chained 2019 US$, 6.6× the median. (39 countries reporting)
- Papua New Guinea's 53.54 billion real chained 2019 US$ is above the median for East Asia & Pacific, which is 38.51 billion real chained 2019 US$, 1.4× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 90.03 billion real chained 2019 US$ | 83.66 billion real chained 2019 US$ | 101.43 billion real chained 2019 US$ | 5 |
| 2000s | 67.67 billion real chained 2019 US$ | 45.42 billion real chained 2019 US$ | 92.18 billion real chained 2019 US$ | 10 |
| 2010s | 53.12 billion real chained 2019 US$ | 45.65 billion real chained 2019 US$ | 61.29 billion real chained 2019 US$ | 10 |
| 2020s | 53.54 billion real chained 2019 US$ | 53.54 billion real chained 2019 US$ | 53.54 billion real chained 2019 US$ | 1 |
Countries ranked near Papua New Guinea
- 29 Vietnam 108.54 billion real chained 2019 US$ compare
- 30 Congo 69.31 billion real chained 2019 US$ compare
- 31 United Kingdom 63.73 billion real chained 2019 US$ compare
- 33 Ecuador 50.34 billion real chained 2019 US$ compare
- 34 Turkey 47.96 billion real chained 2019 US$ compare
- 35 Pakistan 44.38 billion real chained 2019 US$ compare
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, total in Papua New Guinea?
- Nonrenewable natural capital, total in Papua New Guinea was 53.54 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, total recorded in Papua New Guinea?
- The highest recorded value was 101.43 billion real chained 2019 US$ in 1996.
- What is the lowest nonrenewable natural capital, total recorded in Papua New Guinea?
- The lowest recorded value was 45.42 billion real chained 2019 US$ in 2008.
- How does Papua New Guinea rank for nonrenewable natural capital, total?
- Papua New Guinea ranks 32nd out of 151 countries with data for 2020.
- Is nonrenewable natural capital, total rising or falling in Papua New Guinea?
- Over the last ten years it is up 15.8%. 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, total (real chained 2019 US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.