Gross Domestic Product, GDP in millions constant 2021 international $ in Papua New Guinea
Papua New Guinea: Gross Domestic Product, GDP in millions constant 2021 international $ was 3.1 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Papua New Guinea, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Papua New Guinea is 3.1 % change on previous year, measured in 2027.
The figure is down 11.4% on the previous year and down 12.3% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Papua New Guinea peaked at 18.2 % change on previous year in 1993 and was at its lowest, -3.9 % change on previous year, in 1997.
Papua New Guinea ranks 93rd of 189 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.
Gross Domestic Product, GDP in millions constant 2021 international $ in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 13.85 % change on previous year | — |
| 1993 | 18.2 % change on previous year | +31.4% |
| 1994 | 5.94 % change on previous year | -67.4% |
| 1995 | -3.31 % change on previous year | -155.7% |
| 1996 | 7.73 % change on previous year | -333.5% |
| 1997 | -3.9 % change on previous year | -150.5% |
| 1998 | -3.77 % change on previous year | -3.5% |
| 1999 | 1.86 % change on previous year | -149.2% |
| 2000 | -2.49 % change on previous year | -234.5% |
| 2001 | -0.1211 % change on previous year | -95.1% |
| 2002 | -0.1593 % change on previous year | +31.5% |
| 2003 | 2.16 % change on previous year | -1459.2% |
| 2004 | 2.72 % change on previous year | +25.7% |
| 2005 | 6.34 % change on previous year | +133.2% |
| 2006 | 5.41 % change on previous year | -14.7% |
| 2007 | 7.82 % change on previous year | +44.5% |
| 2008 | -0.2966 % change on previous year | -103.8% |
| 2009 | 6.8 % change on previous year | -2392.9% |
| 2010 | 10.13 % change on previous year | +48.9% |
| 2011 | 1.11 % change on previous year | -89.1% |
| 2012 | 4.66 % change on previous year | +320.5% |
| 2013 | 3.82 % change on previous year | -17.9% |
| 2014 | 13.54 % change on previous year | +254.1% |
| 2015 | 6.58 % change on previous year | -51.4% |
| 2016 | 5.49 % change on previous year | -16.5% |
| 2017 | 3.53 % change on previous year | -35.6% |
| 2018 | -0.279 % change on previous year | -107.9% |
| 2019 | 4.48 % change on previous year | -1705.7% |
| 2020 | -3.17 % change on previous year | -170.7% |
| 2021 | -0.5112 % change on previous year | -83.9% |
| 2022 | 5.71 % change on previous year | -1216.5% |
| 2023 | 3.82 % change on previous year | -33.2% |
| 2024 | 3.77 % change on previous year | -1.2% |
| 2025 | 4.74 % change on previous year | +25.7% |
| 2026 | 3.5 % change on previous year | -26.2% |
| 2027 | 3.1 % change on previous year | -11.4% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +2392.9% | -0.2966 % change on previous year | 6.8 % change on previous year |
| 2019 | +1705.7% | -0.279 % change on previous year | 4.48 % change on previous year |
| 2003 | +1459.2% | -0.1593 % change on previous year | 2.16 % change on previous year |
| 2022 | +1216.5% | -0.5112 % change on previous year | 5.71 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.57 % change on previous year | -3.9 % change on previous year | 18.2 % change on previous year | 8 |
| 2000s | 2.82 % change on previous year | -2.49 % change on previous year | 7.82 % change on previous year | 10 |
| 2010s | 5.31 % change on previous year | -0.279 % change on previous year | 13.54 % change on previous year | 10 |
| 2020s | 2.62 % change on previous year | -3.17 % change on previous year | 5.71 % change on previous year | 8 |
Countries ranked near Papua New Guinea
- 90 Macau, China 3.16 % change on previous year compare
- 91 Fiji 3.15 % change on previous year compare
- 92 Malawi 3.12 % change on previous year compare
- 94 French Polynesia 3.01 % change on previous year compare
- 95 Montenegro 3 % change on previous year compare
- 96 Jordan 3 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in Papua New Guinea?
- Gross domestic product, gdp in millions constant 2021 international $ in Papua New Guinea was 3.1 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Papua New Guinea?
- The highest recorded value was 18.2 % change on previous year in 1993.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Papua New Guinea?
- The lowest recorded value was -3.9 % change on previous year in 1997.
- How does Papua New Guinea rank for gross domestic product, gdp in millions constant 2021 international $?
- Papua New Guinea ranks 93rd out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Papua New Guinea?
- Over the last ten years it is down 12.3%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.