Gross Domestic Product — Value Standard Local Currency in Papua New Guinea
Papua New Guinea: Gross Domestic Product — Value Standard Local Currency was 125,120 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Papua New Guinea recorded 125,120 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 12.4% on the previous year and up 119.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Papua New Guinea peaked at 125,120 million SLC in 2024 and was at its lowest, 979.79 million SLC, in 1970.
That places Papua New Guinea 151st out of 218 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 in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 979.79 million SLC | — |
| 1971 | 1,081 million SLC | +10.4% |
| 1972 | 1,224 million SLC | +13.2% |
| 1973 | 1,561 million SLC | +27.6% |
| 1974 | 1,749 million SLC | +12.0% |
| 1975 | 1,773 million SLC | +1.4% |
| 1976 | 1,980 million SLC | +11.7% |
| 1977 | 2,176 million SLC | +9.9% |
| 1978 | 2,369 million SLC | +8.8% |
| 1979 | 2,736 million SLC | +15.5% |
| 1980 | 2,863 million SLC | +4.6% |
| 1981 | 2,818 million SLC | -1.6% |
| 1982 | 2,931 million SLC | +4.0% |
| 1983 | 3,308 million SLC | +12.8% |
| 1984 | 3,519 million SLC | +6.4% |
| 1985 | 3,704 million SLC | +5.3% |
| 1986 | 3,966 million SLC | +7.1% |
| 1987 | 4,401 million SLC | +11.0% |
| 1988 | 4,887 million SLC | +11.1% |
| 1989 | 4,696 million SLC | -3.9% |
| 1990 | 4,743 million SLC | +1.0% |
| 1991 | 5,559 million SLC | +17.2% |
| 1992 | 6,383 million SLC | +14.8% |
| 1993 | 7,356 million SLC | +15.3% |
| 1994 | 8,134 million SLC | +10.6% |
| 1995 | 9,364 million SLC | +15.1% |
| 1996 | 10,270 million SLC | +9.7% |
| 1997 | 10,701 million SLC | +4.2% |
| 1998 | 11,795 million SLC | +10.2% |
| 1999 | 13,344 million SLC | +13.1% |
| 2000 | 14,715 million SLC | +10.3% |
| 2001 | 15,714 million SLC | +6.8% |
| 2002 | 17,944 million SLC | +14.2% |
| 2003 | 20,014 million SLC | +11.5% |
| 2004 | 20,344 million SLC | +1.6% |
| 2005 | 22,815 million SLC | +12.1% |
| 2006 | 25,539 million SLC | +11.9% |
| 2007 | 28,304 million SLC | +10.8% |
| 2008 | 31,512 million SLC | +11.3% |
| 2009 | 32,013 million SLC | +1.6% |
| 2010 | 38,752 million SLC | +21.1% |
| 2011 | 42,642 million SLC | +10.0% |
| 2012 | 44,372 million SLC | +4.1% |
| 2013 | 47,721 million SLC | +7.5% |
| 2014 | 57,131 million SLC | +19.7% |
| 2015 | 60,139 million SLC | +5.3% |
| 2016 | 65,038 million SLC | +8.1% |
| 2017 | 72,522 million SLC | +11.5% |
| 2018 | 79,405 million SLC | +9.5% |
| 2019 | 83,844 million SLC | +5.6% |
| 2020 | 82,515 million SLC | -1.6% |
| 2021 | 91,626 million SLC | +11.0% |
| 2022 | 111,241 million SLC | +21.4% |
| 2023 | 111,351 million SLC | +0.1% |
| 2024 | 125,120 million SLC | +12.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 125,120 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 8% of the median. (43 countries reporting)
- Papua New Guinea's 125,120 million SLC is below the median for East Asia & Pacific, which is 725,630 million SLC, 17% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,763 million SLC | 979.79 million SLC | 2,736 million SLC | 10 |
| 1980s | 3,709 million SLC | 2,818 million SLC | 4,887 million SLC | 10 |
| 1990s | 8,765 million SLC | 4,743 million SLC | 13,344 million SLC | 10 |
| 2000s | 22,892 million SLC | 14,715 million SLC | 32,013 million SLC | 10 |
| 2010s | 59,157 million SLC | 38,752 million SLC | 83,844 million SLC | 10 |
| 2020s | 104,371 million SLC | 82,515 million SLC | 125,120 million SLC | 5 |
Countries ranked near Papua New Guinea
- 148 Slovakia 130,018 million SLC compare
- 149 Azerbaijan 126,211 million SLC compare
- 150 Puerto Rico 125,339 million SLC compare
- 152 Ecuador 122,307 million SLC compare
- 153 Sudan (former) 119,838 million SLC compare
- 154 Maldives 107,342 million SLC 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 — value standard local currency in Papua New Guinea?
- Gross domestic product — value standard local currency in Papua New Guinea was 125,120 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 recorded in Papua New Guinea?
- The highest recorded value was 125,120 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Papua New Guinea?
- The lowest recorded value was 979.79 million SLC in 1970.
- How does Papua New Guinea rank for gross domestic product — value standard local currency?
- Papua New Guinea ranks 151st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Papua New Guinea?
- Over the last ten years it is up 119.0%. 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. Statizoid updates them automatically from the source API.
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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).