Annual GDP growth in Papua New Guinea
Papua New Guinea: Annual GDP growth was 3.8% in 2024. ◆ Volatile
Annual GDP growth in Papua New Guinea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Papua New Guinea is 3.8%, measured in 2024.
That represents a change of down 0.3% on the previous year and down 71.9% over ten years.
Over the whole period, annual gdp growth in Papua New Guinea peaked at 13.5% in 2014 and was at its lowest, -3.2%, in 2020.
That places Papua New Guinea 76th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.5% | — |
| 2001 | -0.1% | -95.1% |
| 2002 | -0.2% | +31.0% |
| 2003 | 2.2% | -1461.9% |
| 2004 | 2.7% | +25.7% |
| 2005 | 6.3% | +133.2% |
| 2006 | 5.4% | -14.7% |
| 2007 | 7.8% | +44.5% |
| 2008 | -0.3% | -103.8% |
| 2009 | 6.8% | -2393.9% |
| 2010 | 10.1% | +48.9% |
| 2011 | 1.1% | -89.1% |
| 2012 | 4.7% | +320.5% |
| 2013 | 3.8% | -17.9% |
| 2014 | 13.5% | +254.1% |
| 2015 | 6.6% | -51.4% |
| 2016 | 5.5% | -16.6% |
| 2017 | 3.5% | -35.6% |
| 2018 | -0.3% | -107.9% |
| 2019 | 4.5% | -1704.5% |
| 2020 | -3.2% | -170.7% |
| 2021 | -0.5% | -83.9% |
| 2022 | 5.7% | -1216.2% |
| 2023 | 3.8% | -33.2% |
| 2024 | 3.8% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | -2.5% | 7.8% | 10 |
| 2010s | 5.3% | -0.3% | 13.5% | 10 |
| 2020s | 1.9% | -3.2% | 5.7% | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Services, value added (current US$), annual growth rate -0.1907 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4196 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,222 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.13 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 1.62 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 4,709 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4174 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is annual gdp growth in Papua New Guinea?
- Annual gdp growth in Papua New Guinea was 3.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Papua New Guinea?
- The highest recorded value was 13.5% in 2014.
- What is the lowest annual gdp growth recorded in Papua New Guinea?
- The lowest recorded value was -3.2% in 2020.
- How does Papua New Guinea rank for annual gdp growth?
- Papua New Guinea ranks 76th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 71.9%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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