Gross value added at basic prices (GVA) (current LCU), annual growth in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (current LCU), annual growth was 7.56 % change on previous year in 2024. ◆ Volatile
Latest (2024)
7.56 % change on previous year
Change on year
up 573.8%
World rank
94th
of 205 countries
All-time high
28.43 % change on previous year
in 1973
All-time low
-1.97 % change on previous year
in 1981
Years of data
62
1961–2024
Gross value added at basic prices (GVA) (current LCU), annual growth in Papua New Guinea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Papua New Guinea stood at 7.56 % change on previous year.
The figure is up 573.8% on the previous year and down 58.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Papua New Guinea peaked at 28.43 % change on previous year in 1973 and was at its lowest, -1.97 % change on previous year, in 1981.
Papua New Guinea ranks 94th of 205 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) (current LCU), annual growth in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 6.18 % change on previous year | — |
| 1962 | 6.57 % change on previous year | +6.3% |
| 1963 | 5.42 % change on previous year | -17.6% |
| 1964 | 10.44 % change on previous year | +92.8% |
| 1965 | 12.33 % change on previous year | +18.1% |
| 1966 | 13.06 % change on previous year | +6.0% |
| 1967 | 12.72 % change on previous year | -2.7% |
| 1968 | 9.75 % change on previous year | -23.3% |
| 1969 | 13.24 % change on previous year | +35.8% |
| 1970 | 16.48 % change on previous year | +24.4% |
| 1971 | 9.55 % change on previous year | -42.1% |
| 1972 | 13.56 % change on previous year | +42.1% |
| 1973 | 28.43 % change on previous year | +109.7% |
| 1974 | 11.3 % change on previous year | -60.3% |
| 1975 | 0.5132 % change on previous year | -95.5% |
| 1976 | 15.49 % change on previous year | +2918.5% |
| 1977 | 7.45 % change on previous year | -51.9% |
| 1978 | 6.8 % change on previous year | -8.7% |
| 1979 | 18.44 % change on previous year | +170.9% |
| 1980 | 3.95 % change on previous year | -78.5% |
| 1981 | -1.97 % change on previous year | -149.8% |
| 1982 | 3.08 % change on previous year | -256.1% |
| 1983 | 23.27 % change on previous year | +656.4% |
| 1984 | 6.22 % change on previous year | -73.3% |
| 1985 | 5.67 % change on previous year | -8.9% |
| 1986 | 4.85 % change on previous year | -14.4% |
| 1987 | 10.57 % change on previous year | +117.8% |
| 1988 | 11.45 % change on previous year | +8.3% |
| 1989 | -1.53 % change on previous year | -113.4% |
| 1990 | 1.6 % change on previous year | -204.8% |
| 1991 | 17.88 % change on previous year | +1014.4% |
| 1992 | 18.28 % change on previous year | +2.3% |
| 1993 | 16 % change on previous year | -12.5% |
| 1994 | 13.13 % change on previous year | -18.0% |
| 1995 | 11.68 % change on previous year | -11.1% |
| 1996 | 9.37 % change on previous year | -19.7% |
| 1997 | 3.93 % change on previous year | -58.0% |
| 1998 | 10.46 % change on previous year | +166.0% |
| 1999 | 12.89 % change on previous year | +23.2% |
| 2000 | 10.49 % change on previous year | -18.6% |
| 2001 | 6.71 % change on previous year | -36.1% |
| 2002 | 12.36 % change on previous year | +84.3% |
| 2003 | 8.55 % change on previous year | -30.8% |
| 2004 | 0.0756 % change on previous year | -99.1% |
| 2007 | 10.47 % change on previous year | +13740.4% |
| 2008 | 11.61 % change on previous year | +10.9% |
| 2009 | 1.41 % change on previous year | -87.8% |
| 2010 | 21.35 % change on previous year | +1414.2% |
| 2011 | 10.76 % change on previous year | -49.6% |
| 2012 | 2.87 % change on previous year | -73.3% |
| 2013 | 7.38 % change on previous year | +157.1% |
| 2014 | 18.04 % change on previous year | +144.4% |
| 2015 | 5.92 % change on previous year | -67.2% |
| 2016 | 8.69 % change on previous year | +46.8% |
| 2017 | 10.91 % change on previous year | +25.5% |
| 2018 | 9.53 % change on previous year | -12.6% |
| 2019 | 5.57 % change on previous year | -41.6% |
| 2020 | -1.27 % change on previous year | -122.7% |
| 2021 | 10.8 % change on previous year | -953.5% |
| 2022 | 22.24 % change on previous year | +105.8% |
| 2023 | -1.6 % change on previous year | -107.2% |
| 2024 | 7.56 % change on previous year | -573.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.97 % change on previous year | 5.42 % change on previous year | 13.24 % change on previous year | 9 |
| 1970s | 12.8 % change on previous year | 0.5132 % change on previous year | 28.43 % change on previous year | 10 |
| 1980s | 6.56 % change on previous year | -1.97 % change on previous year | 23.27 % change on previous year | 10 |
| 1990s | 11.52 % change on previous year | 1.6 % change on previous year | 18.28 % change on previous year | 10 |
| 2000s | 7.71 % change on previous year | 0.0756 % change on previous year | 12.36 % change on previous year | 8 |
| 2010s | 10.1 % change on previous year | 2.87 % change on previous year | 21.35 % change on previous year | 10 |
| 2020s | 7.55 % change on previous year | -1.6 % change on previous year | 22.24 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 91 Mali 7.63 % change on previous year compare
- 92 Liberia 7.62 % change on previous year compare
- 93 Antigua and Barbuda 7.59 % change on previous year compare
- 95 Pakistan 7.33 % change on previous year compare
- 96 Mauritania 7.31 % change on previous year compare
- 97 Cape Verde 7.11 % 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8374 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,439 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 2.23 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 6,497 constant LCU per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Papua New Guinea?
- Gross value added at basic prices (gva) (current lcu), annual growth in Papua New Guinea was 7.56 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Papua New Guinea?
- The highest recorded value was 28.43 % change on previous year in 1973.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Papua New Guinea?
- The lowest recorded value was -1.97 % change on previous year in 1981.
- How does Papua New Guinea rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Papua New Guinea ranks 94th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 58.1%. 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 value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
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 value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.