Adjusted savings: natural resources depletion in Papua New Guinea
Papua New Guinea: Adjusted savings: natural resources depletion was 20.6% in 2021. ▼ Falling
Adjusted savings: natural resources depletion in Papua New Guinea, 1980–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: natural resources depletion in Papua New Guinea stood at 20.6%.
That represents a change of up 109.1% on the previous year and up 16.0% over ten years.
Over the whole period, adjusted savings: natural resources depletion in Papua New Guinea peaked at 25.0% in 2005 and was at its lowest, 6.6%, in 2013.
Papua New Guinea ranks 10th of 184 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 42 years of available data.
Adjusted savings: natural resources depletion in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | 18.0% | — |
| 1981 | 14.2% | -21.4% |
| 1982 | 15.1% | +6.4% |
| 1983 | 15.5% | +2.8% |
| 1984 | 11.1% | -28.2% |
| 1985 | 15.0% | +35.3% |
| 1986 | 14.9% | -0.7% |
| 1987 | 17.7% | +18.6% |
| 1988 | 17.7% | +0.1% |
| 1989 | 16.8% | -5.2% |
| 1990 | 16.1% | -4.0% |
| 1991 | 14.0% | -13.3% |
| 1992 | 18.0% | +29.0% |
| 1993 | 20.6% | +14.0% |
| 1994 | 18.9% | -8.1% |
| 1995 | 23.1% | +22.2% |
| 1996 | 19.3% | -16.5% |
| 1997 | 11.9% | -38.4% |
| 1998 | 12.8% | +7.4% |
| 1999 | 16.0% | +25.4% |
| 2000 | 21.7% | +35.3% |
| 2001 | 15.0% | -30.9% |
| 2002 | 17.0% | +13.8% |
| 2003 | 19.9% | +16.9% |
| 2004 | 23.6% | +18.7% |
| 2005 | 25.0% | +5.9% |
| 2006 | 21.8% | -12.9% |
| 2007 | 18.8% | -13.7% |
| 2008 | 21.3% | +13.5% |
| 2009 | 15.7% | -26.4% |
| 2010 | 19.5% | +24.4% |
| 2011 | 17.7% | -9.3% |
| 2012 | 9.2% | -47.8% |
| 2013 | 6.6% | -28.7% |
| 2014 | 9.2% | +39.9% |
| 2015 | 10.6% | +15.5% |
| 2016 | 10.2% | -4.6% |
| 2017 | 11.3% | +11.0% |
| 2018 | 11.1% | -1.4% |
| 2019 | 11.5% | +3.4% |
| 2020 | 9.8% | -14.5% |
| 2021 | 20.6% | +109.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 20.6% is above the median for lower middle income countries, which is 2.6%, 8.0× the median. (46 countries reporting)
- Papua New Guinea's 20.6% is above the median for East Asia & Pacific, which is 1.0%, 20.3× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.6% | 11.1% | 18.0% | 10 |
| 1990s | 17.1% | 11.9% | 23.1% | 10 |
| 2000s | 20.0% | 15.0% | 25.0% | 10 |
| 2010s | 11.7% | 6.6% | 19.5% | 10 |
| 2020s | 15.2% | 9.8% | 20.6% | 2 |
Countries ranked near Papua New Guinea
- 7 Liberia 22.0% compare
- 8 Equatorial Guinea 21.3% compare
- 9 Zambia 21.0% compare
- 11 Eritrea 19.0% compare
- 12 Azerbaijan 16.2% compare
- 13 Brunei Darussalam 16.1% compare
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: natural resources depletion in Papua New Guinea?
- Adjusted savings: natural resources depletion in Papua New Guinea was 20.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: natural resources depletion recorded in Papua New Guinea?
- The highest recorded value was 25.0% in 2005.
- What is the lowest adjusted savings: natural resources depletion recorded in Papua New Guinea?
- The lowest recorded value was 6.6% in 2013.
- How does Papua New Guinea rank for adjusted savings: natural resources depletion?
- Papua New Guinea ranks 10th out of 184 countries with data for 2021.
- Is adjusted savings: natural resources depletion rising or falling in Papua New Guinea?
- Over the last ten years it is up 16.0%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: natural resources depletion (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Natural resource depletion is the sum of net forest depletion, energy depletion, and mineral depletion. Net forest depletion is unit resource rents times the excess of roundwood harvest over natural growth. Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. 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.