Gross value added at basic prices (GVA) (constant 2015 US$) in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (constant 2015 US$) was 25.80 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Papua New Guinea, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Papua New Guinea is 25.80 billion constant 2015 US$, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 4.1% on the previous year and up 33.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Papua New Guinea peaked at 25.80 billion constant 2015 US$ in 2024 and was at its lowest, 12.46 billion constant 2015 US$, in 2006.
Papua New Guinea ranks 107th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Papua New Guinea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 12.46 billion constant 2015 US$ | — |
| 2007 | 13.38 billion constant 2015 US$ | +7.4% |
| 2008 | 13.37 billion constant 2015 US$ | -0.1% |
| 2009 | 14.31 billion constant 2015 US$ | +7.0% |
| 2010 | 15.79 billion constant 2015 US$ | +10.3% |
| 2011 | 16.07 billion constant 2015 US$ | +1.8% |
| 2012 | 16.64 billion constant 2015 US$ | +3.5% |
| 2013 | 17.25 billion constant 2015 US$ | +3.7% |
| 2014 | 19.31 billion constant 2015 US$ | +11.9% |
| 2015 | 20.76 billion constant 2015 US$ | +7.5% |
| 2016 | 22.06 billion constant 2015 US$ | +6.3% |
| 2017 | 22.70 billion constant 2015 US$ | +2.9% |
| 2018 | 22.60 billion constant 2015 US$ | -0.5% |
| 2019 | 23.61 billion constant 2015 US$ | +4.5% |
| 2020 | 22.93 billion constant 2015 US$ | -2.9% |
| 2021 | 22.71 billion constant 2015 US$ | -1.0% |
| 2022 | 24.04 billion constant 2015 US$ | +5.8% |
| 2023 | 24.77 billion constant 2015 US$ | +3.1% |
| 2024 | 25.80 billion constant 2015 US$ | +4.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 25.80 billion constant 2015 US$ is above the median for lower middle income countries, which is 25.04 billion constant 2015 US$, 1.0× the median. (46 countries reporting)
- Papua New Guinea's 25.80 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 81% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.38 billion constant 2015 US$ | 12.46 billion constant 2015 US$ | 14.31 billion constant 2015 US$ | 4 |
| 2010s | 19.68 billion constant 2015 US$ | 15.79 billion constant 2015 US$ | 23.61 billion constant 2015 US$ | 10 |
| 2020s | 24.05 billion constant 2015 US$ | 22.71 billion constant 2015 US$ | 25.80 billion constant 2015 US$ | 5 |
Countries ranked near Papua New Guinea
- 104 Senegal 26.77 billion constant 2015 US$ compare
- 105 El Salvador 26.54 billion constant 2015 US$ compare
- 106 Honduras 26.27 billion constant 2015 US$ compare
- 108 Georgia 25.14 billion constant 2015 US$ compare
- 109 Zimbabwe 24.29 billion constant 2015 US$ compare
- 110 Estonia 23.85 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Papua New Guinea?
- Gross value added at basic prices (gva) in Papua New Guinea was 25.80 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The highest recorded value was 25.80 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The lowest recorded value was 12.46 billion constant 2015 US$ in 2006.
- How does Papua New Guinea rank for gross value added at basic prices (gva)?
- Papua New Guinea ranks 107th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Papua New Guinea?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.