Gross value added at basic prices (GVA) (current LCU) in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (current LCU) was 113.36 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Papua New Guinea, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Papua New Guinea recorded 113.36 billion current LCU for gross value added at basic prices (gva) in 2024. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 7.6% on the previous year and up 109.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Papua New Guinea peaked at 113.36 billion current LCU in 2024 and was at its lowest, 200.70 million current LCU, in 1960.
That places Papua New Guinea 144th out of 207 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 value added at basic prices (GVA) (current LCU) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 200.70 million current LCU | — |
| 1961 | 213.10 million current LCU | +6.2% |
| 1962 | 227.10 million current LCU | +6.6% |
| 1963 | 239.40 million current LCU | +5.4% |
| 1964 | 264.40 million current LCU | +10.4% |
| 1965 | 297.00 million current LCU | +12.3% |
| 1966 | 335.80 million current LCU | +13.1% |
| 1967 | 378.50 million current LCU | +12.7% |
| 1968 | 415.40 million current LCU | +9.7% |
| 1969 | 470.40 million current LCU | +13.2% |
| 1970 | 547.90 million current LCU | +16.5% |
| 1971 | 600.20 million current LCU | +9.5% |
| 1972 | 681.60 million current LCU | +13.6% |
| 1973 | 875.40 million current LCU | +28.4% |
| 1974 | 974.30 million current LCU | +11.3% |
| 1975 | 979.30 million current LCU | +0.5% |
| 1976 | 1.13 billion current LCU | +15.5% |
| 1977 | 1.22 billion current LCU | +7.5% |
| 1978 | 1.30 billion current LCU | +6.8% |
| 1979 | 1.54 billion current LCU | +18.4% |
| 1980 | 1.60 billion current LCU | +4.0% |
| 1981 | 1.57 billion current LCU | -2.0% |
| 1982 | 1.61 billion current LCU | +3.1% |
| 1983 | 1.99 billion current LCU | +23.3% |
| 1984 | 2.11 billion current LCU | +6.2% |
| 1985 | 2.23 billion current LCU | +5.7% |
| 1986 | 2.34 billion current LCU | +4.9% |
| 1987 | 2.59 billion current LCU | +10.6% |
| 1988 | 2.89 billion current LCU | +11.4% |
| 1989 | 2.84 billion current LCU | -1.5% |
| 1990 | 2.89 billion current LCU | +1.6% |
| 1991 | 3.40 billion current LCU | +17.9% |
| 1992 | 4.03 billion current LCU | +18.3% |
| 1993 | 4.67 billion current LCU | +16.0% |
| 1994 | 5.29 billion current LCU | +13.1% |
| 1995 | 5.90 billion current LCU | +11.7% |
| 1996 | 6.46 billion current LCU | +9.4% |
| 1997 | 6.71 billion current LCU | +3.9% |
| 1998 | 7.41 billion current LCU | +10.5% |
| 1999 | 8.37 billion current LCU | +12.9% |
| 2000 | 9.24 billion current LCU | +10.5% |
| 2001 | 9.86 billion current LCU | +6.7% |
| 2002 | 11.08 billion current LCU | +12.4% |
| 2003 | 12.03 billion current LCU | +8.6% |
| 2004 | 12.04 billion current LCU | +0.1% |
| 2006 | 24.75 billion current LCU | +105.6% |
| 2007 | 27.35 billion current LCU | +10.5% |
| 2008 | 30.52 billion current LCU | +11.6% |
| 2009 | 30.95 billion current LCU | +1.4% |
| 2010 | 37.56 billion current LCU | +21.4% |
| 2011 | 41.60 billion current LCU | +10.8% |
| 2012 | 42.80 billion current LCU | +2.9% |
| 2013 | 45.96 billion current LCU | +7.4% |
| 2014 | 54.25 billion current LCU | +18.0% |
| 2015 | 57.46 billion current LCU | +5.9% |
| 2016 | 62.45 billion current LCU | +8.7% |
| 2017 | 69.27 billion current LCU | +10.9% |
| 2018 | 75.87 billion current LCU | +9.5% |
| 2019 | 80.09 billion current LCU | +5.6% |
| 2020 | 79.08 billion current LCU | -1.3% |
| 2021 | 87.62 billion current LCU | +10.8% |
| 2022 | 107.10 billion current LCU | +22.2% |
| 2023 | 105.39 billion current LCU | -1.6% |
| 2024 | 113.36 billion current LCU | +7.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 113.36 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 7% of the median. (47 countries reporting)
- Papua New Guinea's 113.36 billion current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 22% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (current 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 | +105.6% | 12.04 billion current LCU | 24.75 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 304.18 million current LCU | 200.70 million current LCU | 470.40 million current LCU | 10 |
| 1970s | 984.03 million current LCU | 547.90 million current LCU | 1.54 billion current LCU | 10 |
| 1980s | 2.18 billion current LCU | 1.57 billion current LCU | 2.89 billion current LCU | 10 |
| 1990s | 5.51 billion current LCU | 2.89 billion current LCU | 8.37 billion current LCU | 10 |
| 2000s | 18.65 billion current LCU | 9.24 billion current LCU | 30.95 billion current LCU | 9 |
| 2010s | 56.73 billion current LCU | 37.56 billion current LCU | 80.09 billion current LCU | 10 |
| 2020s | 98.51 billion current LCU | 79.08 billion current LCU | 113.36 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Real gdp growth, annual growth rate 2.02 % change on previous year (2024)
- 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)
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 113.36 billion current LCU 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 113.36 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The lowest recorded value was 200.70 million current LCU in 1960.
- How does Papua New Guinea rank for gross value added at basic prices (gva)?
- Papua New Guinea ranks 144th out of 207 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 109.0%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.