Gross Domestic Product — Value US$ in Papua New Guinea
Papua New Guinea: Gross Domestic Product — Value US$ was 32,546 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Papua New Guinea stood at 32,546 million USD. That is the highest value across all 55 years on record.
The figure is up 4.9% on the previous year and up 40.2% over ten years.
Over the whole period, gross domestic product — value us$ in Papua New Guinea peaked at 32,546 million USD in 2024 and was at its lowest, 1,097 million USD, in 1970.
That places Papua New Guinea 106th 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$ in Papua New Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,097 million USD | — |
| 1971 | 1,225 million USD | +11.6% |
| 1972 | 1,466 million USD | +19.7% |
| 1973 | 2,218 million USD | +51.3% |
| 1974 | 2,511 million USD | +13.2% |
| 1975 | 2,321 million USD | -7.6% |
| 1976 | 2,497 million USD | +7.6% |
| 1977 | 2,750 million USD | +10.1% |
| 1978 | 3,341 million USD | +21.5% |
| 1979 | 3,844 million USD | +15.0% |
| 1980 | 4,267 million USD | +11.0% |
| 1981 | 4,187 million USD | -1.9% |
| 1982 | 3,970 million USD | -5.2% |
| 1983 | 3,956 million USD | -0.3% |
| 1984 | 3,916 million USD | -1.0% |
| 1985 | 3,703 million USD | -5.4% |
| 1986 | 4,083 million USD | +10.3% |
| 1987 | 4,847 million USD | +18.7% |
| 1988 | 5,637 million USD | +16.3% |
| 1989 | 5,468 million USD | -3.0% |
| 1990 | 4,966 million USD | -9.2% |
| 1991 | 5,841 million USD | +17.6% |
| 1992 | 6,617 million USD | +13.3% |
| 1993 | 7,521 million USD | +13.7% |
| 1994 | 8,043 million USD | +6.9% |
| 1995 | 7,316 million USD | -9.0% |
| 1996 | 7,786 million USD | +6.4% |
| 1997 | 7,442 million USD | -4.4% |
| 1998 | 5,688 million USD | -23.6% |
| 1999 | 5,191 million USD | -8.7% |
| 2000 | 5,289 million USD | +1.9% |
| 2001 | 4,637 million USD | -12.3% |
| 2002 | 4,607 million USD | -0.7% |
| 2003 | 5,617 million USD | +21.9% |
| 2004 | 6,313 million USD | +12.4% |
| 2005 | 7,355 million USD | +16.5% |
| 2006 | 8,355 million USD | +13.6% |
| 2007 | 9,545 million USD | +14.2% |
| 2008 | 11,671 million USD | +22.3% |
| 2009 | 11,620 million USD | -0.4% |
| 2010 | 14,251 million USD | +22.6% |
| 2011 | 17,985 million USD | +26.2% |
| 2012 | 21,295 million USD | +18.4% |
| 2013 | 21,261 million USD | -0.2% |
| 2014 | 23,211 million USD | +9.2% |
| 2015 | 21,723 million USD | -6.4% |
| 2016 | 20,759 million USD | -4.4% |
| 2017 | 22,743 million USD | +9.6% |
| 2018 | 24,110 million USD | +6.0% |
| 2019 | 24,751 million USD | +2.7% |
| 2020 | 23,848 million USD | -3.6% |
| 2021 | 26,113 million USD | +9.5% |
| 2022 | 31,610 million USD | +21.0% |
| 2023 | 31,020 million USD | -1.9% |
| 2024 | 32,546 million USD | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,327 million USD | 1,097 million USD | 3,844 million USD | 10 |
| 1980s | 4,403 million USD | 3,703 million USD | 5,637 million USD | 10 |
| 1990s | 6,641 million USD | 4,966 million USD | 8,043 million USD | 10 |
| 2000s | 7,501 million USD | 4,607 million USD | 11,671 million USD | 10 |
| 2010s | 21,209 million USD | 14,251 million USD | 24,751 million USD | 10 |
| 2020s | 29,028 million USD | 23,848 million USD | 32,546 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)
- Services, value added (constant LCU), per capita 3,072 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 0.2146 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,782 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.68 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,718 current LCU per person (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Papua New Guinea?
- Gross domestic product — value us$ in Papua New Guinea was 32,546 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Papua New Guinea?
- The highest recorded value was 32,546 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Papua New Guinea?
- The lowest recorded value was 1,097 million USD in 1970.
- How does Papua New Guinea rank for gross domestic product — value us$?
- Papua New Guinea ranks 106th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Papua New Guinea?
- Over the last ten years it is up 40.2%. 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$. 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).