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.

The gross domestic product (GDP) in current prices in Papua New Guinea was estimated at about 31.65 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 27.56 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 7.45 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Papua New Guinea expanded 3.80 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 approximately 3.74 percent in 2024. Between 1980 and 2024, the growth rose by around 6.05 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by about 0.64 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.

The Gross Domestic Product per capita in Papua New Guinea was last recorded at 2572.03 US dollars in 2024. The GDP per Capita in Papua New Guinea is equivalent to 20 percent of the world's average. This dataset provides - Papua New Guinea GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in Papua New Guinea was estimated at about 2.52 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 1.14 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 228.30 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).

Graph and download economic data for Gross Domestic Product Per Capita for Papua New Guinea (PCAGDPPGA646NWDB) from 1960 to 2024 about Papua New Guinea, per capita, and GDP.

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.

In 2024, the ratio of government expenditure to GDP in Papua New Guinea was estimated at approximately 20.32 percent. Between 1983 and 2024, the figure dropped by around 2.65 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 0.16 percentage points from 2024 to 2030, fluctuating as it trends downward.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Papua New Guinea recorded a Government Debt to GDP of 51.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Papua New Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Papua New Guinea was last recorded at 4300.73 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Papua New Guinea, when adjusted by Purchasing Power Parity is equivalent to 24 percent of the world's average. This dataset provides - Papua New Guinea GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Papua New Guinea was estimated at approximately 53.70 percent in 2024. Between 1994 and 2024, the ratio rose by around 13.63 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 14.81 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Papua New Guinea: Value added in the agricultural sector as percent of GDP: The latest value from 2024 is 17.15 percent, an increase from 16.96 percent in 2023. In comparison, the world average is 9.68 percent, based on data from 151 countries. Historically, the average for Papua New Guinea from 1961 to 2024 is 29.84 percent. The minimum value, 16.91 percent, was reached in 2022 while the maximum of 49.04 percent was recorded in 1961.

Papua New Guinea: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 32.54 billion U.S. dollars, an increase from 30.82 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Papua New Guinea from 1960 to 2024 is 7.84 billion U.S. dollars. The minimum value, 0.23 billion U.S. dollars, was reached in 1960 while the maximum of 32.54 billion U.S. dollars was recorded in 2024.

Papua New Guinea recorded a Current Account surplus of 17.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - Papua New Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP deflator of Papua New Guinea plummeted by 283.00% from -4.3 % in 2023 to 7.9 % in 2024. Since the 29.61% surge in 2022, GDP deflator sank by 47.13% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Papua New Guinea: GDP per capita, Purchasing Power Parity: The latest value from 2024 is 4301 U.S. dollars, an increase from 4206 U.S. dollars in 2023. In comparison, the world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for Papua New Guinea from 1990 to 2024 is 3718 U.S. dollars. The minimum value, 3046 U.S. dollars, was reached in 2004 while the maximum of 4322 U.S. dollars was recorded in 2017.

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.

GDP per capita growth (annual %) in Papua New Guinea was reported at 2.2559 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Papua New Guinea - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Papua New Guinea was estimated at approximately 0.02 percent. From 1980 to 2024, the share returned close to the initial level. For the forecast period 2024 to 2030, the share will hold steady at the same level, indicating a stable trajectory without variation.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.