Gross National Income — Value Standard Local Currency, annual growth in Papua New Guinea
Papua New Guinea: Gross National Income — Value Standard Local Currency, annual growth was -0.1049 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Papua New Guinea, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded -0.1049 % change on previous year for gross national income — value standard local currency, annual growth in 2023.
The figure is down 100.5% on the previous year and down 102.5% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Papua New Guinea peaked at 28.74 % change on previous year in 1994 and was at its lowest, -5.99 % change on previous year, in 2004.
Papua New Guinea ranks 210th of 231 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.94 % change on previous year | — |
| 1972 | 12.99 % change on previous year | +87.1% |
| 1973 | 25.86 % change on previous year | +99.1% |
| 1974 | 10.84 % change on previous year | -58.1% |
| 1975 | 3.55 % change on previous year | -67.2% |
| 1976 | 14.03 % change on previous year | +294.8% |
| 1977 | 10.8 % change on previous year | -23.0% |
| 1978 | 9.6 % change on previous year | -11.1% |
| 1979 | 14.28 % change on previous year | +48.8% |
| 1980 | 3.54 % change on previous year | -75.2% |
| 1981 | -1.73 % change on previous year | -149.0% |
| 1982 | 3.45 % change on previous year | -298.9% |
| 1983 | 10.59 % change on previous year | +207.1% |
| 1984 | 9.07 % change on previous year | -14.4% |
| 1985 | 4.72 % change on previous year | -47.9% |
| 1986 | 8.05 % change on previous year | +70.6% |
| 1987 | 8.94 % change on previous year | +11.0% |
| 1988 | 11.89 % change on previous year | +33.0% |
| 1989 | -3.84 % change on previous year | -132.3% |
| 1990 | 0.9382 % change on previous year | -124.4% |
| 1991 | 17.9 % change on previous year | +1807.6% |
| 1992 | 15.55 % change on previous year | -13.1% |
| 1993 | 18.96 % change on previous year | +21.9% |
| 1994 | 28.74 % change on previous year | +51.6% |
| 1995 | 13.29 % change on previous year | -53.7% |
| 1996 | 8.37 % change on previous year | -37.0% |
| 1997 | 4.35 % change on previous year | -48.1% |
| 1998 | 10.21 % change on previous year | +134.9% |
| 1999 | 13.51 % change on previous year | +32.3% |
| 2000 | 10.34 % change on previous year | -23.5% |
| 2001 | 6.89 % change on previous year | -33.4% |
| 2002 | 14.7 % change on previous year | +113.5% |
| 2003 | 11.88 % change on previous year | -19.2% |
| 2004 | -5.99 % change on previous year | -150.4% |
| 2005 | 11.41 % change on previous year | -290.5% |
| 2006 | 7.52 % change on previous year | -34.1% |
| 2007 | 13.68 % change on previous year | +81.9% |
| 2008 | 13.77 % change on previous year | +0.7% |
| 2009 | -0.3943 % change on previous year | -102.9% |
| 2010 | 20.88 % change on previous year | -5394.3% |
| 2011 | 7.63 % change on previous year | -63.4% |
| 2012 | 9.08 % change on previous year | +18.9% |
| 2013 | 4.22 % change on previous year | -53.5% |
| 2014 | 28 % change on previous year | +563.3% |
| 2015 | -0.0198 % change on previous year | -100.1% |
| 2016 | 10.7 % change on previous year | -54234.0% |
| 2017 | 11.26 % change on previous year | +5.2% |
| 2018 | 8.6 % change on previous year | -23.7% |
| 2019 | 3.91 % change on previous year | -54.5% |
| 2020 | 2.54 % change on previous year | -35.1% |
| 2021 | 9.5 % change on previous year | +274.6% |
| 2022 | 19.73 % change on previous year | +107.6% |
| 2023 | -0.1049 % change on previous year | -100.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's -0.1049 % change on previous year is below the median for lower middle income countries, which is 10 % change on previous year. (44 countries reporting)
- Papua New Guinea's -0.1049 % change on previous year is below the median for East Asia & Pacific, which is 7.02 % change on previous year. (28 countries reporting)
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2016 | +54234.0% | -0.0198 % change on previous year | 10.7 % change on previous year |
| 2010 | +5394.3% | -0.3943 % change on previous year | 20.88 % change on previous year |
| 1991 | +1807.6% | 0.9382 % change on previous year | 17.9 % change on previous year |
| 2014 | +563.3% | 4.22 % change on previous year | 28 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.1 % change on previous year | 3.55 % change on previous year | 25.86 % change on previous year | 9 |
| 1980s | 5.47 % change on previous year | -3.84 % change on previous year | 11.89 % change on previous year | 10 |
| 1990s | 13.18 % change on previous year | 0.9382 % change on previous year | 28.74 % change on previous year | 10 |
| 2000s | 8.38 % change on previous year | -5.99 % change on previous year | 14.7 % change on previous year | 10 |
| 2010s | 10.43 % change on previous year | -0.0198 % change on previous year | 28 % change on previous year | 10 |
| 2020s | 7.92 % change on previous year | -0.1049 % change on previous year | 19.73 % change on previous year | 4 |
Countries ranked near Papua New Guinea
- 207 Greenland 1.18 % change on previous year compare
- 208 Oman 0.149 % change on previous year compare
- 209 Congo 0.0528 % change on previous year compare
- 211 Bahrain -0.8629 % change on previous year compare
- 212 Eswatini -1.12 % change on previous year compare
- 213 Luxembourg -1.27 % 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 national income — value standard local currency, annual growth in Papua New Guinea?
- Gross national income — value standard local currency, annual growth in Papua New Guinea was -0.1049 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Papua New Guinea?
- The highest recorded value was 28.74 % change on previous year in 1994.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Papua New Guinea?
- The lowest recorded value was -5.99 % change on previous year in 2004.
- How does Papua New Guinea rank for gross national income — value standard local currency, annual growth?
- Papua New Guinea ranks 210th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 102.5%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.