Annual gdp growth in Papua New Guinea
Papua New Guinea: Annual gdp growth was 3.04 in 2023. ◆ Volatile
Latest (2023)
3.04
Change on year
down 46.8%
World rank
101st
of 211 countries
All-time high
13.54
in 2014
All-time low
-3.17
in 2020
Years of data
24
2000–2023
Annual gdp growth in Papua New Guinea, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Papua New Guinea stood at 3.04.
The figure is down 46.8% on the previous year and down 20.4% over ten years.
Over the whole period, annual gdp growth in Papua New Guinea peaked at 13.54 in 2014 and was at its lowest, -3.17, in 2020.
Papua New Guinea ranks 101st of 211 countries on this measure, 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 | -2.49 | — |
| 2001 | -0.12 | -95.2% |
| 2002 | -0.16 | +33.3% |
| 2003 | 2.16 | -1450.0% |
| 2004 | 2.72 | +25.9% |
| 2005 | 6.34 | +133.1% |
| 2006 | 5.41 | -14.7% |
| 2007 | 7.82 | +44.5% |
| 2008 | -0.3 | -103.8% |
| 2009 | 6.8 | -2366.7% |
| 2010 | 10.13 | +49.0% |
| 2011 | 1.11 | -89.0% |
| 2012 | 4.66 | +319.8% |
| 2013 | 3.82 | -18.0% |
| 2014 | 13.54 | +254.5% |
| 2015 | 6.58 | -51.4% |
| 2016 | 5.49 | -16.6% |
| 2017 | 3.53 | -35.7% |
| 2018 | -0.28 | -107.9% |
| 2019 | 4.48 | -1700.0% |
| 2020 | -3.17 | -170.8% |
| 2021 | -0.51 | -83.9% |
| 2022 | 5.71 | -1219.6% |
| 2023 | 3.04 | -46.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.82 | -2.49 | 7.82 | 10 |
| 2010s | 5.31 | -0.28 | 13.54 | 10 |
| 2020s | 1.27 | -3.17 | 5.71 | 4 |
Countries ranked near Papua New Guinea
- 98 Seychelles 3.16 compare
- 99 Bolivia, Plurinational State of 3.08 compare
- 99 Solomon Islands 3.08 compare
- 102 Comoros 3 compare
- 103 Bahrain 2.98 compare
- 104 Burkina Faso 2.96 compare
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)
- GNI (current LCU), annual growth rate 11.67 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 3.83 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 11,553 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -22.86 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -31.47 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -5.17 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0448 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 130.56 current US$ per person (2024)
Frequently asked questions
- What is annual gdp growth in Papua New Guinea?
- Annual gdp growth in Papua New Guinea was 3.04 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Papua New Guinea?
- The highest recorded value was 13.54 in 2014.
- What is the lowest annual gdp growth recorded in Papua New Guinea?
- The lowest recorded value was -3.17 in 2020.
- How does Papua New Guinea rank for annual gdp growth?
- Papua New Guinea ranks 101st out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 20.4%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).