Gross value added at basic prices (GVA) (constant LCU) in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (constant LCU) was 68.71 billion constant LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Papua New Guinea, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Papua New Guinea stood at 68.71 billion constant LCU. That is the highest value across all 58 years on record.
The figure 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 68.71 billion constant LCU in 2024 and was at its lowest, 1.83 billion constant LCU, in 1960.
Papua New Guinea ranks 136th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU) in Papua New Guinea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 1.83 billion constant LCU | — |
| 1961 | 1.94 billion constant LCU | +6.2% |
| 1962 | 2.06 billion constant LCU | +6.4% |
| 1963 | 2.15 billion constant LCU | +4.0% |
| 1964 | 2.33 billion constant LCU | +8.5% |
| 1965 | 2.57 billion constant LCU | +10.2% |
| 1966 | 2.70 billion constant LCU | +5.3% |
| 1967 | 2.81 billion constant LCU | +3.8% |
| 1968 | 2.93 billion constant LCU | +4.3% |
| 1969 | 3.16 billion constant LCU | +7.9% |
| 1970 | 3.48 billion constant LCU | +10.2% |
| 1971 | 3.69 billion constant LCU | +5.9% |
| 1972 | 3.91 billion constant LCU | +6.0% |
| 1973 | 4.19 billion constant LCU | +7.3% |
| 1974 | 4.28 billion constant LCU | +2.2% |
| 1975 | 4.21 billion constant LCU | -1.7% |
| 1976 | 4.06 billion constant LCU | -3.5% |
| 1977 | 4.06 billion constant LCU | +0.0% |
| 1978 | 4.43 billion constant LCU | +9.0% |
| 1979 | 4.52 billion constant LCU | +2.0% |
| 1980 | 4.26 billion constant LCU | -5.7% |
| 1981 | 4.23 billion constant LCU | -0.6% |
| 1982 | 4.22 billion constant LCU | -0.4% |
| 1983 | 4.37 billion constant LCU | +3.6% |
| 1984 | 4.31 billion constant LCU | -1.2% |
| 1985 | 4.50 billion constant LCU | +4.2% |
| 1986 | 4.67 billion constant LCU | +3.8% |
| 1987 | 4.77 billion constant LCU | +2.1% |
| 1988 | 4.91 billion constant LCU | +3.0% |
| 1989 | 4.75 billion constant LCU | -3.2% |
| 1990 | 4.64 billion constant LCU | -2.3% |
| 1997 | 7.66 billion constant LCU | +65.0% |
| 1998 | 7.41 billion constant LCU | -3.3% |
| 1999 | 7.52 billion constant LCU | +1.4% |
| 2000 | 7.33 billion constant LCU | -2.6% |
| 2001 | 7.30 billion constant LCU | -0.3% |
| 2002 | 7.28 billion constant LCU | -0.3% |
| 2003 | 7.50 billion constant LCU | +2.9% |
| 2004 | 7.66 billion constant LCU | +2.2% |
| 2006 | 33.20 billion constant LCU | +333.5% |
| 2007 | 35.64 billion constant LCU | +7.4% |
| 2008 | 35.62 billion constant LCU | -0.1% |
| 2009 | 38.13 billion constant LCU | +7.0% |
| 2010 | 42.05 billion constant LCU | +10.3% |
| 2011 | 42.80 billion constant LCU | +1.8% |
| 2012 | 44.31 billion constant LCU | +3.5% |
| 2013 | 45.96 billion constant LCU | +3.7% |
| 2014 | 51.44 billion constant LCU | +11.9% |
| 2015 | 55.28 billion constant LCU | +7.5% |
| 2016 | 58.75 billion constant LCU | +6.3% |
| 2017 | 60.48 billion constant LCU | +2.9% |
| 2018 | 60.20 billion constant LCU | -0.5% |
| 2019 | 62.88 billion constant LCU | +4.5% |
| 2020 | 61.08 billion constant LCU | -2.9% |
| 2021 | 60.49 billion constant LCU | -1.0% |
| 2022 | 64.02 billion constant LCU | +5.8% |
| 2023 | 65.98 billion constant LCU | +3.1% |
| 2024 | 68.71 billion constant LCU | +4.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 68.71 billion constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 10% of the median. (47 countries reporting)
- Papua New Guinea's 68.71 billion constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 15% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant LCU) 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 |
|---|---|---|---|
| 2006 | +333.5% | 7.66 billion constant LCU | 33.20 billion constant LCU |
| 1997 | +65.0% | 4.64 billion constant LCU | 7.66 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.45 billion constant LCU | 1.83 billion constant LCU | 3.16 billion constant LCU | 10 |
| 1970s | 4.08 billion constant LCU | 3.48 billion constant LCU | 4.52 billion constant LCU | 10 |
| 1980s | 4.50 billion constant LCU | 4.22 billion constant LCU | 4.91 billion constant LCU | 10 |
| 1990s | 6.81 billion constant LCU | 4.64 billion constant LCU | 7.66 billion constant LCU | 4 |
| 2000s | 19.96 billion constant LCU | 7.28 billion constant LCU | 38.13 billion constant LCU | 9 |
| 2010s | 52.42 billion constant LCU | 42.05 billion constant LCU | 62.88 billion constant LCU | 10 |
| 2020s | 64.06 billion constant LCU | 60.49 billion constant LCU | 68.71 billion constant LCU | 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)
- 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 68.71 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The highest recorded value was 68.71 billion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The lowest recorded value was 1.83 billion constant LCU in 1960.
- How does Papua New Guinea rank for gross value added at basic prices (gva)?
- Papua New Guinea ranks 136th out of 198 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 volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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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 varies by country. This series is expressed in local currency units.