Gross value added at basic prices (GVA) (current US$), annual growth in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (current US$), annual growth was 0.2146 % change on previous year in 2024. ◆ Volatile
Latest (2024)
0.2146 % change on previous year
Change on year
up 106.1%
World rank
185th
of 205 countries
All-time high
52.31 % change on previous year
in 1973
All-time low
-23.07 % change on previous year
in 1998
Years of data
62
1961–2024
Gross value added at basic prices (GVA) (current US$), annual growth in Papua New Guinea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), annual growth in Papua New Guinea is 0.2146 % change on previous year, measured in 2024.
Compared with earlier readings it is up 106.1% on the previous year and down 97.2% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Papua New Guinea peaked at 52.31 % change on previous year in 1973 and was at its lowest, -23.07 % change on previous year, in 1998.
That places Papua New Guinea 185th out of 205 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), 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 | 10.8 % change on previous year | -34.5% |
| 1972 | 20.05 % change on previous year | +85.7% |
| 1973 | 52.31 % change on previous year | +160.9% |
| 1974 | 12.49 % change on previous year | -76.1% |
| 1975 | -8.33 % change on previous year | -166.7% |
| 1976 | 11.28 % change on previous year | -235.4% |
| 1977 | 7.64 % change on previous year | -32.2% |
| 1978 | 19.23 % change on previous year | +151.6% |
| 1979 | 17.97 % change on previous year | -6.6% |
| 1980 | 10.28 % change on previous year | -42.8% |
| 1981 | -2.27 % change on previous year | -122.0% |
| 1982 | -6.06 % change on previous year | +167.7% |
| 1983 | 8.87 % change on previous year | -246.3% |
| 1984 | -1.15 % change on previous year | -113.0% |
| 1985 | -5.08 % change on previous year | +340.5% |
| 1986 | 7.97 % change on previous year | -256.9% |
| 1987 | 18.3 % change on previous year | +129.6% |
| 1988 | 16.7 % change on previous year | -8.8% |
| 1989 | -0.5842 % change on previous year | -103.5% |
| 1990 | -8.67 % change on previous year | +1384.5% |
| 1991 | 18.3 % change on previous year | -311.0% |
| 1992 | 16.74 % change on previous year | -8.5% |
| 1993 | 14.37 % change on previous year | -14.2% |
| 1994 | 10.14 % change on previous year | -29.5% |
| 1995 | -16 % change on previous year | -257.9% |
| 1996 | 10.88 % change on previous year | -168.0% |
| 1997 | -4.48 % change on previous year | -141.2% |
| 1998 | -23.07 % change on previous year | +414.9% |
| 1999 | -8.44 % change on previous year | -63.4% |
| 2000 | 1.47 % change on previous year | -117.4% |
| 2001 | -12.57 % change on previous year | -954.8% |
| 2002 | -2.43 % change on previous year | -80.7% |
| 2003 | 18.7 % change on previous year | -868.9% |
| 2004 | 10.39 % change on previous year | -44.4% |
| 2007 | 13.87 % change on previous year | +33.5% |
| 2008 | 22.57 % change on previous year | +62.7% |
| 2009 | -0.6158 % change on previous year | -102.7% |
| 2010 | 22.95 % change on previous year | -3827.6% |
| 2011 | 27.04 % change on previous year | +17.8% |
| 2012 | 17.06 % change on previous year | -36.9% |
| 2013 | -0.3135 % change on previous year | -101.8% |
| 2014 | 7.64 % change on previous year | -2537.1% |
| 2015 | -5.83 % change on previous year | -176.2% |
| 2016 | -3.96 % change on previous year | -32.1% |
| 2017 | 8.97 % change on previous year | -326.7% |
| 2018 | 6.05 % change on previous year | -32.6% |
| 2019 | 2.64 % change on previous year | -56.4% |
| 2020 | -3.33 % change on previous year | -226.5% |
| 2021 | 9.26 % change on previous year | -377.9% |
| 2022 | 21.87 % change on previous year | +136.2% |
| 2023 | -3.53 % change on previous year | -116.1% |
| 2024 | 0.2146 % change on previous year | -106.1% |
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 | 15.99 % change on previous year | -8.33 % change on previous year | 52.31 % change on previous year | 10 |
| 1980s | 4.7 % change on previous year | -6.06 % change on previous year | 18.3 % change on previous year | 10 |
| 1990s | 0.9756 % change on previous year | -23.07 % change on previous year | 18.3 % change on previous year | 10 |
| 2000s | 6.42 % change on previous year | -12.57 % change on previous year | 22.57 % change on previous year | 8 |
| 2010s | 8.22 % change on previous year | -5.83 % change on previous year | 27.04 % change on previous year | 10 |
| 2020s | 4.9 % change on previous year | -3.53 % change on previous year | 21.87 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 182 Faroe Islands 1.6 % change on previous year compare
- 183 Saint Lucia 1.54 % change on previous year compare
- 184 Trinidad and Tobago 1.24 % change on previous year compare
- 186 South Korea 0.0121 % change on previous year compare
- 187 Mexico -0.0526 % change on previous year compare
- 188 Mozambique -0.152 % 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 US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,782 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Papua New Guinea?
- Gross value added at basic prices (gva) (current us$), annual growth in Papua New Guinea was 0.2146 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Papua New Guinea?
- The highest recorded value was 52.31 % change on previous year in 1973.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Papua New Guinea?
- The lowest recorded value was -23.07 % change on previous year in 1998.
- How does Papua New Guinea rank for gross value added at basic prices (gva) (current us$), annual growth?
- Papua New Guinea ranks 185th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 97.2%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 Offices (NSOs)
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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.