Gross value added at basic prices (GVA) (current US$) in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) (current US$) was 29.42 billion current US$ 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 current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Papua New Guinea stood at 29.42 billion current US$.
That represents a change of up 0.2% on the previous year and up 33.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Papua New Guinea peaked at 30.43 billion current US$ in 2022 and was at its lowest, 224.78 million current US$, in 1960.
That places Papua New Guinea 110th out of 207 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 224.78 million current US$ | — |
| 1961 | 238.67 million current US$ | +6.2% |
| 1962 | 254.35 million current US$ | +6.6% |
| 1963 | 268.13 million current US$ | +5.4% |
| 1964 | 296.13 million current US$ | +10.4% |
| 1965 | 332.64 million current US$ | +12.3% |
| 1966 | 376.10 million current US$ | +13.1% |
| 1967 | 423.92 million current US$ | +12.7% |
| 1968 | 465.25 million current US$ | +9.7% |
| 1969 | 526.85 million current US$ | +13.2% |
| 1970 | 613.65 million current US$ | +16.5% |
| 1971 | 679.91 million current US$ | +10.8% |
| 1972 | 816.25 million current US$ | +20.1% |
| 1973 | 1.24 billion current US$ | +52.3% |
| 1974 | 1.40 billion current US$ | +12.5% |
| 1975 | 1.28 billion current US$ | -8.3% |
| 1976 | 1.43 billion current US$ | +11.3% |
| 1977 | 1.54 billion current US$ | +7.6% |
| 1978 | 1.83 billion current US$ | +19.2% |
| 1979 | 2.16 billion current US$ | +18.0% |
| 1980 | 2.38 billion current US$ | +10.3% |
| 1981 | 2.33 billion current US$ | -2.3% |
| 1982 | 2.19 billion current US$ | -6.1% |
| 1983 | 2.38 billion current US$ | +8.9% |
| 1984 | 2.35 billion current US$ | -1.2% |
| 1985 | 2.23 billion current US$ | -5.1% |
| 1986 | 2.41 billion current US$ | +8.0% |
| 1987 | 2.85 billion current US$ | +18.3% |
| 1988 | 3.33 billion current US$ | +16.7% |
| 1989 | 3.31 billion current US$ | -0.6% |
| 1990 | 3.02 billion current US$ | -8.7% |
| 1991 | 3.58 billion current US$ | +18.3% |
| 1992 | 4.17 billion current US$ | +16.7% |
| 1993 | 4.77 billion current US$ | +14.4% |
| 1994 | 5.26 billion current US$ | +10.1% |
| 1995 | 4.42 billion current US$ | -16.0% |
| 1996 | 4.90 billion current US$ | +10.9% |
| 1997 | 4.68 billion current US$ | -4.5% |
| 1998 | 3.60 billion current US$ | -23.1% |
| 1999 | 3.30 billion current US$ | -8.4% |
| 2000 | 3.34 billion current US$ | +1.5% |
| 2001 | 2.92 billion current US$ | -12.6% |
| 2002 | 2.85 billion current US$ | -2.4% |
| 2003 | 3.39 billion current US$ | +18.7% |
| 2004 | 3.74 billion current US$ | +10.4% |
| 2006 | 8.10 billion current US$ | +116.7% |
| 2007 | 9.22 billion current US$ | +13.9% |
| 2008 | 11.30 billion current US$ | +22.6% |
| 2009 | 11.23 billion current US$ | -0.6% |
| 2010 | 13.81 billion current US$ | +23.0% |
| 2011 | 17.55 billion current US$ | +27.0% |
| 2012 | 20.54 billion current US$ | +17.1% |
| 2013 | 20.47 billion current US$ | -0.3% |
| 2014 | 22.04 billion current US$ | +7.6% |
| 2015 | 20.76 billion current US$ | -5.8% |
| 2016 | 19.93 billion current US$ | -4.0% |
| 2017 | 21.72 billion current US$ | +9.0% |
| 2018 | 23.04 billion current US$ | +6.0% |
| 2019 | 23.64 billion current US$ | +2.6% |
| 2020 | 22.85 billion current US$ | -3.3% |
| 2021 | 24.97 billion current US$ | +9.3% |
| 2022 | 30.43 billion current US$ | +21.9% |
| 2023 | 29.36 billion current US$ | -3.5% |
| 2024 | 29.42 billion current US$ | +0.2% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 29.42 billion current US$ is above the median for lower middle income countries, which is 27.86 billion current US$, 1.1× the median. (47 countries reporting)
- Papua New Guinea's 29.42 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 1.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (current US$) 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 | +116.7% | 3.74 billion current US$ | 8.10 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 340.68 million current US$ | 224.78 million current US$ | 526.85 million current US$ | 10 |
| 1970s | 1.30 billion current US$ | 613.65 million current US$ | 2.16 billion current US$ | 10 |
| 1980s | 2.58 billion current US$ | 2.19 billion current US$ | 3.33 billion current US$ | 10 |
| 1990s | 4.17 billion current US$ | 3.02 billion current US$ | 5.26 billion current US$ | 10 |
| 2000s | 6.23 billion current US$ | 2.85 billion current US$ | 11.30 billion current US$ | 9 |
| 2010s | 20.35 billion current US$ | 13.81 billion current US$ | 23.64 billion current US$ | 10 |
| 2020s | 27.41 billion current US$ | 22.85 billion current US$ | 30.43 billion current US$ | 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 29.42 billion current US$ 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 30.43 billion current US$ in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The lowest recorded value was 224.78 million current US$ in 1960.
- How does Papua New Guinea rank for gross value added at basic prices (gva)?
- Papua New Guinea ranks 110th 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 33.5%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.