Gross Domestic Product — Value US$, 2015 prices in Papua New Guinea
Papua New Guinea: Gross Domestic Product — Value US$, 2015 prices was 26,696 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Papua New Guinea is 26,696 million USD, 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 us$, 2015 prices in Papua New Guinea peaked at 26,696 million USD in 2024 and was at its lowest, 5,568 million USD, in 1970.
That places Papua New Guinea 107th out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Papua New Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,568 million USD | — |
| 1971 | 5,787 million USD | +3.9% |
| 1972 | 6,112 million USD | +5.6% |
| 1973 | 6,246 million USD | +2.2% |
| 1974 | 6,382 million USD | +2.2% |
| 1975 | 6,358 million USD | -0.4% |
| 1976 | 6,170 million USD | -3.0% |
| 1977 | 5,886 million USD | -4.6% |
| 1978 | 6,391 million USD | +8.6% |
| 1979 | 6,506 million USD | +1.8% |
| 1980 | 6,357 million USD | -2.3% |
| 1981 | 6,339 million USD | -0.3% |
| 1982 | 6,392 million USD | +0.8% |
| 1983 | 6,611 million USD | +3.4% |
| 1984 | 6,546 million USD | -1.0% |
| 1985 | 6,782 million USD | +3.6% |
| 1986 | 7,163 million USD | +5.6% |
| 1987 | 7,362 million USD | +2.8% |
| 1988 | 7,576 million USD | +2.9% |
| 1989 | 7,468 million USD | -1.4% |
| 1990 | 7,244 million USD | -3.0% |
| 1991 | 7,934 million USD | +9.5% |
| 1992 | 9,033 million USD | +13.8% |
| 1993 | 10,678 million USD | +18.2% |
| 1994 | 11,312 million USD | +5.9% |
| 1995 | 10,937 million USD | -3.3% |
| 1996 | 11,659 million USD | +6.6% |
| 1997 | 10,919 million USD | -6.3% |
| 1998 | 11,430 million USD | +4.7% |
| 1999 | 11,642 million USD | +1.9% |
| 2000 | 11,357 million USD | -2.5% |
| 2001 | 11,352 million USD | -0.0% |
| 2002 | 11,580 million USD | +2.0% |
| 2003 | 12,088 million USD | +4.4% |
| 2004 | 12,156 million USD | +0.6% |
| 2005 | 12,634 million USD | +3.9% |
| 2006 | 12,924 million USD | +2.3% |
| 2007 | 13,933 million USD | +7.8% |
| 2008 | 13,892 million USD | -0.3% |
| 2009 | 14,837 million USD | +6.8% |
| 2010 | 16,340 million USD | +10.1% |
| 2011 | 16,521 million USD | +1.1% |
| 2012 | 17,290 million USD | +4.7% |
| 2013 | 17,951 million USD | +3.8% |
| 2014 | 20,383 million USD | +13.5% |
| 2015 | 21,723 million USD | +6.6% |
| 2016 | 22,916 million USD | +5.5% |
| 2017 | 23,726 million USD | +3.5% |
| 2018 | 23,660 million USD | -0.3% |
| 2019 | 24,720 million USD | +4.5% |
| 2020 | 23,937 million USD | -3.2% |
| 2021 | 23,750 million USD | -0.8% |
| 2022 | 24,977 million USD | +5.2% |
| 2023 | 25,646 million USD | +2.7% |
| 2024 | 26,696 million USD | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6,141 million USD | 5,568 million USD | 6,506 million USD | 10 |
| 1980s | 6,860 million USD | 6,339 million USD | 7,576 million USD | 10 |
| 1990s | 10,279 million USD | 7,244 million USD | 11,659 million USD | 10 |
| 2000s | 12,675 million USD | 11,352 million USD | 14,837 million USD | 10 |
| 2010s | 20,523 million USD | 16,340 million USD | 24,720 million USD | 10 |
| 2020s | 25,001 million USD | 23,750 million USD | 26,696 million USD | 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)
- Imports of goods and services (current US$), annual growth rate 21.1 % change on previous year (2004)
- Imports of goods and services (current US$), per unit of GDP 0.5892 current US$ per US$ of GDP (2004)
- Imports of goods and services (current US$), per capita 365.65 current US$ per person (2004)
- Imports of goods and services (current LCU), annual growth rate 9.78 % change on previous year (2004)
- Imports of goods and services (current LCU), per unit of GDP 1.9 current LCU per US$ of GDP (2004)
- Imports of goods and services (current LCU), per capita 1,178 current LCU per person (2004)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Papua New Guinea?
- Gross domestic product — value us$, 2015 prices in Papua New Guinea was 26,696 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Papua New Guinea?
- The highest recorded value was 26,696 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Papua New Guinea?
- The lowest recorded value was 5,568 million USD in 1970.
- How does Papua New Guinea rank for gross domestic product — value us$, 2015 prices?
- Papua New Guinea ranks 107th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Papua New Guinea?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).