Papua New Guinea flag Papua New Guinea:

Economic indicators of Papua New Guinea : Growth

Main Indicators

Main Indicators 20202021 (e)2022 (e)2023 (e)2024 (e)
GDP (billions USD) 24.67e27.3431.3633.3434.74
GDP (Constant Prices, Annual % Change) -3.5e1.23.85.13.0
GDP per Capita (USD) 2e3333
General Government Gross Debt (in % of GDP) 47.05950.92649.90949.25050.873
Inflation Rate (%) 4.94.56.65.44.9
Current Account (billions USD) 4.976.256.886.626.53
Current Account (in % of GDP) 20.2e22.922.019.818.8

Source: IMF – World Economic Outlook Database - Latest available data.

Note: (e) Estimated Data

 
 
 
Monetary Indicators 20162017201820192020
New Guinean Kina (PGK) - Average Annual Exchange Rate For 1 EUR 3.333.603.873.823.95

Source: World Bank - Latest available data.

 
 

Main Sectors of Industry

Breakdown of Economic Activity By Sector Agriculture Industry Services
Employment By Sector (in % of Total Employment) 56.2 13.2 30.6
Value Added (in % of GDP) 17.0 36.9 41.6
Value Added (Annual % Change) 4.6 -7.5 5.1

Source: World Bank - Latest available data.

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Latest Update: October 2022