Adjusted savings: mineral depletion in Papua New Guinea
Papua New Guinea: Adjusted savings: mineral depletion was 9.2% in 2021. ◆ Volatile
Adjusted savings: mineral depletion in Papua New Guinea, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: mineral depletion in Papua New Guinea is 9.2%, measured in 2021.
Compared with earlier readings it is up 348.4% on the previous year and down 4.0% over ten years.
Over the whole period, adjusted savings: mineral depletion in Papua New Guinea peaked at 17.3% in 1974 and was at its lowest, 0.0%, in 1970.
That places Papua New Guinea 9th out of 208 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: mineral depletion in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 8.6% | — |
| 1973 | 15.2% | +77.6% |
| 1974 | 17.3% | +14.1% |
| 1975 | 10.3% | -40.4% |
| 1976 | 9.4% | -9.2% |
| 1977 | 8.6% | -8.1% |
| 1978 | 8.8% | +1.6% |
| 1979 | 11.0% | +25.0% |
| 1980 | 12.5% | +14.0% |
| 1981 | 10.7% | -14.3% |
| 1982 | 9.4% | -12.0% |
| 1983 | 10.6% | +13.0% |
| 1984 | 7.9% | -26.2% |
| 1985 | 11.7% | +48.2% |
| 1986 | 10.5% | -10.2% |
| 1987 | 12.9% | +23.4% |
| 1988 | 13.9% | +7.2% |
| 1989 | 12.5% | -9.5% |
| 1990 | 11.6% | -7.1% |
| 1991 | 9.9% | -15.1% |
| 1992 | 8.9% | -10.1% |
| 1993 | 5.5% | -38.6% |
| 1994 | 6.1% | +11.2% |
| 1995 | 8.4% | +39.2% |
| 1996 | 3.6% | -57.1% |
| 1997 | 0.8% | -77.6% |
| 1998 | 3.0% | +266.7% |
| 1999 | 2.5% | -15.0% |
| 2000 | 4.7% | +86.6% |
| 2001 | 2.3% | -51.3% |
| 2002 | 4.5% | +94.6% |
| 2003 | 5.3% | +18.4% |
| 2004 | 10.3% | +93.4% |
| 2005 | 9.5% | -7.3% |
| 2006 | 10.3% | +7.9% |
| 2007 | 8.0% | -22.3% |
| 2008 | 8.8% | +10.5% |
| 2009 | 8.1% | -8.5% |
| 2010 | 10.9% | +35.0% |
| 2011 | 9.5% | -12.4% |
| 2012 | 3.9% | -59.2% |
| 2013 | 0.9% | -75.9% |
| 2014 | 0.4% | -60.0% |
| 2015 | 0.9% | +151.3% |
| 2016 | 2.0% | +113.4% |
| 2017 | 2.2% | +10.2% |
| 2018 | 2.0% | -10.4% |
| 2019 | 2.1% | +7.4% |
| 2020 | 2.0% | -4.1% |
| 2021 | 9.2% | +348.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 9.2% is above the median for lower middle income countries, which is 0.0%, 1397.9× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Adjusted savings: mineral depletion in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +348.4% | 2.0% | 9.2% |
| 1998 | +266.7% | 0.8% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 0.0% | 17.3% | 10 |
| 1980s | 11.3% | 7.9% | 13.9% | 10 |
| 1990s | 6.0% | 0.8% | 11.6% | 10 |
| 2000s | 7.2% | 2.3% | 10.3% | 10 |
| 2010s | 3.5% | 0.4% | 10.9% | 10 |
| 2020s | 5.6% | 2.0% | 9.2% | 2 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: mineral depletion in Papua New Guinea?
- Adjusted savings: mineral depletion in Papua New Guinea was 9.2% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: mineral depletion recorded in Papua New Guinea?
- The highest recorded value was 17.3% in 1974.
- What is the lowest adjusted savings: mineral depletion recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 1970.
- How does Papua New Guinea rank for adjusted savings: mineral depletion?
- Papua New Guinea ranks 9th out of 208 countries with data for 2021.
- Is adjusted savings: mineral depletion rising or falling in Papua New Guinea?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: mineral depletion (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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About this data
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.