Gross Domestic Product — Value Standard Local Currency, 2015 prices in Papua New Guinea
Papua New Guinea: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 73,907 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Papua New Guinea is 73,907 million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.1% on the previous year and up 31.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Papua New Guinea peaked at 73,907 million SLC in 2024 and was at its lowest, 15,414 million SLC, in 1970.
That places Papua New Guinea 131st out of 194 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.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 15,414 million SLC | — |
| 1971 | 16,021 million SLC | +3.9% |
| 1972 | 16,922 million SLC | +5.6% |
| 1973 | 17,293 million SLC | +2.2% |
| 1974 | 17,668 million SLC | +2.2% |
| 1975 | 17,601 million SLC | -0.4% |
| 1976 | 17,080 million SLC | -3.0% |
| 1977 | 16,296 million SLC | -4.6% |
| 1978 | 17,692 million SLC | +8.6% |
| 1979 | 18,012 million SLC | +1.8% |
| 1980 | 17,599 million SLC | -2.3% |
| 1981 | 17,549 million SLC | -0.3% |
| 1982 | 17,695 million SLC | +0.8% |
| 1983 | 18,303 million SLC | +3.4% |
| 1984 | 18,122 million SLC | -1.0% |
| 1985 | 18,774 million SLC | +3.6% |
| 1986 | 19,830 million SLC | +5.6% |
| 1987 | 20,380 million SLC | +2.8% |
| 1988 | 20,974 million SLC | +2.9% |
| 1989 | 20,674 million SLC | -1.4% |
| 1990 | 20,055 million SLC | -3.0% |
| 1991 | 21,966 million SLC | +9.5% |
| 1992 | 25,008 million SLC | +13.8% |
| 1993 | 29,560 million SLC | +18.2% |
| 1994 | 31,316 million SLC | +5.9% |
| 1995 | 30,279 million SLC | -3.3% |
| 1996 | 32,276 million SLC | +6.6% |
| 1997 | 30,228 million SLC | -6.3% |
| 1998 | 31,644 million SLC | +4.7% |
| 1999 | 32,231 million SLC | +1.9% |
| 2000 | 31,440 million SLC | -2.5% |
| 2001 | 31,426 million SLC | -0.0% |
| 2002 | 32,057 million SLC | +2.0% |
| 2003 | 33,463 million SLC | +4.4% |
| 2004 | 33,653 million SLC | +0.6% |
| 2005 | 34,975 million SLC | +3.9% |
| 2006 | 35,777 million SLC | +2.3% |
| 2007 | 38,574 million SLC | +7.8% |
| 2008 | 38,459 million SLC | -0.3% |
| 2009 | 41,074 million SLC | +6.8% |
| 2010 | 45,235 million SLC | +10.1% |
| 2011 | 45,736 million SLC | +1.1% |
| 2012 | 47,866 million SLC | +4.7% |
| 2013 | 49,697 million SLC | +3.8% |
| 2014 | 56,427 million SLC | +13.5% |
| 2015 | 60,139 million SLC | +6.6% |
| 2016 | 63,441 million SLC | +5.5% |
| 2017 | 65,683 million SLC | +3.5% |
| 2018 | 65,500 million SLC | -0.3% |
| 2019 | 68,434 million SLC | +4.5% |
| 2020 | 66,267 million SLC | -3.2% |
| 2021 | 65,750 million SLC | -0.8% |
| 2022 | 69,146 million SLC | +5.2% |
| 2023 | 71,000 million SLC | +2.7% |
| 2024 | 73,907 million SLC | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17,000 million SLC | 15,414 million SLC | 18,012 million SLC | 10 |
| 1980s | 18,990 million SLC | 17,549 million SLC | 20,974 million SLC | 10 |
| 1990s | 28,456 million SLC | 20,055 million SLC | 32,276 million SLC | 10 |
| 2000s | 35,090 million SLC | 31,426 million SLC | 41,074 million SLC | 10 |
| 2010s | 56,816 million SLC | 45,235 million SLC | 68,434 million SLC | 10 |
| 2020s | 69,214 million SLC | 65,750 million SLC | 73,907 million SLC | 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)
- 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 — value standard local currency, 2015 prices in Papua New Guinea?
- Gross domestic product — value standard local currency, 2015 prices in Papua New Guinea was 73,907 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The highest recorded value was 73,907 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The lowest recorded value was 15,414 million SLC in 1970.
- How does Papua New Guinea rank for gross domestic product — value standard local currency, 2015 prices?
- Papua New Guinea ranks 131st out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Papua New Guinea?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).