The Gross Domestic Product (GDP) in Papua New Guinea expanded 2.70 percent in the fourth quarter of 2023 over the same quarter of the previous year. This dataset provides - Papua New Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Papua New Guinea was estimated at 3.77 percent in 2024. Between 1980 and 2024, the growth rose by 6.08 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by 0.67 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Historical dataset showing Papua New Guinea gdp growth rate by year from 1961 to 2023.

The Gross Domestic Product (GDP) in Papua New Guinea was worth 32.54 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Papua New Guinea represents 0.03 percent of the world economy. This dataset provides the latest reported value for - Papua New Guinea GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Papua New Guinea: Economic growth: the rate of change of real GDP: The latest value from 2024 is 4.1 percent, an increase from 3.81 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Papua New Guinea from 1961 to 2024 is 3.82 percent. The minimum value, -3.9 percent, was reached in 1997 while the maximum of 18.2 percent was recorded in 1993.

Papua New Guinea PG: GDP: Growth: Gross Value Added: Services data was reported at 0.224 % in 2014. This records a decrease from the previous number of 4.271 % for 2013. Papua New Guinea PG: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.007 % from Dec 1981 (Median) to 2014, with 32 observations. The data reached an all-time high of 16.678 % in 2007 and a record low of -11.219 % in 2000. Papua New Guinea PG: GDP: Growth: Gross Value Added: Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Papua New Guinea: Economic growth forecast: The latest value from 2030 is 3.1 percent, unchanged from 3.1 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Papua New Guinea from 1980 to 2030 is 3.42 percent. The minimum value, -6.34 percent, was reached in 1997 while the maximum of 13.83 percent was recorded in 1992.

Papua New Guinea PG: GDP: Growth data was reported at 2.200 % in 2017. This records an increase from the previous number of 1.900 % for 2016. Papua New Guinea PG: GDP: Growth data is updated yearly, averaging 3.830 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 18.202 % in 1993 and a record low of -3.904 % in 1997. Papua New Guinea PG: GDP: Growth 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: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The gross domestic product (GDP) per capita in Papua New Guinea was estimated at 2,511.76 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 1,130.92 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 183.84 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Monthly and long-term Papua New Guinea economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

Graph and download economic data for Constant GDP per capita for Papua New Guinea (NYGDPPCAPKDPNG) from 1960 to 2024 about Papua New Guinea, per capita, real, and GDP.

Graph and download economic data for Gross Domestic Product for Papua New Guinea (MKTGDPPGA646NWDB) from 1960 to 2024 about Papua New Guinea and GDP.

Papua New Guinea’s is now in its 15th successive year of positive economic growth, with rates rising progressively until 2011, but declining since then, apart from the leap in 2014/15 associated with the commencement of production from PNGLNG.

Papua New Guinea: Uneven economic development index, 0 (low) - 10 (high): The latest value from 2024 is 7.9 index points, a decline from 8.2 index points in 2023. In comparison, the world average is 5.28 index points, based on data from 176 countries. Historically, the average for Papua New Guinea from 2007 to 2024 is 8.89 index points. The minimum value, 7.9 index points, was reached in 2024 while the maximum of 9.3 index points was recorded in 2014.

Graph and download economic data for Population Growth for Papua New Guinea (SPPOPGROWPNG) from 1961 to 2024 about Papua New Guinea, population, and rate.

The value of loans in Papua New Guinea increased 6.70 percent in August of 2025 over the same month in the previous year. This dataset provides - Papua New Guinea Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Papua New Guinea PG: GDP: Growth: Gross Value Added: Agriculture data was reported at 3.297 % in 2014. This records a decrease from the previous number of 4.669 % for 2013. Papua New Guinea PG: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 3.283 % from Dec 1962 (Median) to 2014, with 51 observations. The data reached an all-time high of 20.729 % in 1993 and a record low of -11.244 % in 1998. Papua New Guinea PG: GDP: Growth: Gross Value Added: Agriculture 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Graph and download economic data for Bank Deposits to GDP for Papua New Guinea (DDOI02PGA156NWDB) from 1973 to 2020 about Papua New Guinea, deposits, banks, depository institutions, and GDP.

Actual value and historical data chart for Papua New Guinea Annual Percentage Growth Rate Of GDP At Market Prices Based On Constant 2010 Us Dollars

Time series data for the statistic GOAL 8: Decent Work and Economic Growth (5 year moving average) and country Papua New Guinea. Indicator Definition:SDG Goal 8 data availability. Source: UN Global SDG Indicators DatabaseThe indicator "GOAL 8: Decent Work and Economic Growth (5 year moving average)" stands at 0.75 as of 12/31/2023, the highest value at least since 12/31/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 68.92 percent compared to the value the year prior.The 1 year change in percent is 68.92.The 3 year change in percent is 250.47.The 5 year change in percent is 349.10.The 10 year change in percent is 200.00.The Serie's long term average value is 0.26. It's latest available value, on 12/31/2023, is 188.79 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2004, to it's latest available value, on 12/31/2023, is +500.00%.The Serie's change in percent from it's maximum value, on 12/31/2023, to it's latest available value, on 12/31/2023, is 0.0%.