Papua New Guinea PG: Mineral Rents: % of GDP

Papua New Guinea PG: Mineral Rents: % of GDP data was reported at 11.334 % in 2016. This records an increase from the previous number of 9.994 % for 2015. Papua New Guinea PG: Mineral Rents: % of GDP data is updated yearly, averaging 16.702 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 27.616 % in 1974 and a record low of 0.000 % in 1971. Papua New Guinea PG: Mineral Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Land Use, Protected Areas and National Wealth. Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

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