Papua New Guinea: Oil revenue
* indicates monthly or quarterly data series
| Papua New Guinea |
Revenue minus production cost of oil, percent of GDP |
|---|---|
| Latest value | 1.88 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1980 - 2021 |
| Average | 4.71 |
| Min - Max | 0.00 - 15.13 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2021 is 1.88 percent, an increase from 0.71 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Papua New Guinea from 1980 to 2021 is 4.71 percent. The minimum value, 0 percent, was reached in 1980 while the maximum of 15.13 percent was recorded in 2000.
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* indicates monthly or quarterly data series
| Recent values | Papua New Guinea: Oil revenue |
|---|---|
| 2021 | 1.88 |
| 2020 | 0.71 |
| 2019 | 1.57 |
| 2018 | 2.23 |
| 2017 | 2.23 |
| 2016 | 1.87 |
| 2015 | 2.27 |
| 2014 | 4.52 |
Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of clean energy | 54.60 | 2022 | percent |
| Carbon intensity | 0.12 | 2024 | kg of CO2 per dollar of GDP |
| Electricity from renewable sources, kWh | 133.79 | 2021 | million kWh |
| Carbon dioxide (CO2) emissions | 5 | 2024 | Mt CO2 eq |
| Carbon dioxide (CO2) emissions per capita | 0.52 | 2024 | metric tons of carbon dioxide equivalent per capita |
| Greenhouse gas emissions | 11 | 2024 | kt of CO2 equivalent |
| Natural resources income | 27.39 | 2021 | percent |
| Oil revenue | 1.88 | 2021 | percent |
| Natural gas revenue | 9.14 | 2021 | percent |
| Access to electricity | 43.30 | 2024 | percent |
| Gasoline consumption per capita | 14.766 | 2024 | liters per person per year |