Industry (including construction), value added in Papua New Guinea
Papua New Guinea: Industry (including construction), value added was 43.36 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Papua New Guinea, 1961–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, industry (including construction), value added in Papua New Guinea stood at 43.36 billion current LCU.
The figure is up 8.0% on the previous year and up 131.5% over ten years.
Over the whole period, industry (including construction), value added in Papua New Guinea peaked at 44.87 billion current LCU in 2022 and was at its lowest, 29.40 million current LCU, in 1961.
That places Papua New Guinea 136th out of 209 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.
Industry (including construction), value added in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 29.40 million current LCU | — |
| 1962 | 33.20 million current LCU | +12.9% |
| 1963 | 37.90 million current LCU | +14.2% |
| 1964 | 42.80 million current LCU | +12.9% |
| 1965 | 55.00 million current LCU | +28.5% |
| 1966 | 71.00 million current LCU | +29.1% |
| 1967 | 78.30 million current LCU | +10.3% |
| 1968 | 80.30 million current LCU | +2.6% |
| 1969 | 90.90 million current LCU | +13.2% |
| 1970 | 127.40 million current LCU | +40.2% |
| 1971 | 155.00 million current LCU | +21.7% |
| 1972 | 202.70 million current LCU | +30.8% |
| 1973 | 330.30 million current LCU | +63.0% |
| 1974 | 356.40 million current LCU | +7.9% |
| 1975 | 295.20 million current LCU | -17.2% |
| 1976 | 301.00 million current LCU | +2.0% |
| 1977 | 338.70 million current LCU | +12.5% |
| 1978 | 351.00 million current LCU | +3.6% |
| 1979 | 474.80 million current LCU | +35.3% |
| 1980 | 458.50 million current LCU | -3.4% |
| 1981 | 390.70 million current LCU | -14.8% |
| 1982 | 406.40 million current LCU | +4.0% |
| 1983 | 597.50 million current LCU | +47.0% |
| 1984 | 540.40 million current LCU | -9.6% |
| 1985 | 635.90 million current LCU | +17.7% |
| 1986 | 729.80 million current LCU | +14.8% |
| 1987 | 904.30 million current LCU | +23.9% |
| 1988 | 1.08 billion current LCU | +19.8% |
| 1989 | 899.90 million current LCU | -16.9% |
| 1990 | 935.50 million current LCU | +4.0% |
| 1991 | 1.24 billion current LCU | +32.7% |
| 1992 | 1.68 billion current LCU | +35.2% |
| 1993 | 1.89 billion current LCU | +12.8% |
| 1994 | 1.79 billion current LCU | -5.6% |
| 1995 | 1.99 billion current LCU | +11.2% |
| 1996 | 2.37 billion current LCU | +19.1% |
| 1997 | 2.11 billion current LCU | -10.8% |
| 1998 | 2.45 billion current LCU | +16.0% |
| 1999 | 3.10 billion current LCU | +26.6% |
| 2000 | 3.83 billion current LCU | +23.6% |
| 2001 | 4.00 billion current LCU | +4.5% |
| 2002 | 4.07 billion current LCU | +1.7% |
| 2003 | 4.43 billion current LCU | +8.9% |
| 2004 | 4.68 billion current LCU | +5.6% |
| 2006 | 9.03 billion current LCU | +93.0% |
| 2007 | 9.78 billion current LCU | +8.2% |
| 2008 | 10.84 billion current LCU | +10.8% |
| 2009 | 9.53 billion current LCU | -12.0% |
| 2010 | 12.85 billion current LCU | +34.9% |
| 2011 | 13.36 billion current LCU | +4.0% |
| 2012 | 12.23 billion current LCU | -8.4% |
| 2013 | 12.67 billion current LCU | +3.5% |
| 2014 | 18.73 billion current LCU | +47.9% |
| 2015 | 20.93 billion current LCU | +11.8% |
| 2016 | 22.59 billion current LCU | +7.9% |
| 2017 | 26.37 billion current LCU | +16.7% |
| 2018 | 29.32 billion current LCU | +11.2% |
| 2019 | 30.78 billion current LCU | +5.0% |
| 2020 | 27.27 billion current LCU | -11.4% |
| 2021 | 31.18 billion current LCU | +14.4% |
| 2022 | 44.87 billion current LCU | +43.9% |
| 2023 | 40.14 billion current LCU | -10.5% |
| 2024 | 43.36 billion current LCU | +8.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 43.36 billion current LCU is below the median for lower middle income countries, which is 522.90 billion current LCU, 8% of the median. (47 countries reporting)
- Papua New Guinea's 43.36 billion current LCU is below the median for East Asia & Pacific, which is 130.07 billion current LCU, 33% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Industry (including construction), value added 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 | +93.0% | 4.68 billion current LCU | 9.03 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 57.64 million current LCU | 29.40 million current LCU | 90.90 million current LCU | 9 |
| 1970s | 293.25 million current LCU | 127.40 million current LCU | 474.80 million current LCU | 10 |
| 1980s | 664.65 million current LCU | 390.70 million current LCU | 1.08 billion current LCU | 10 |
| 1990s | 1.95 billion current LCU | 935.50 million current LCU | 3.10 billion current LCU | 10 |
| 2000s | 6.69 billion current LCU | 3.83 billion current LCU | 10.84 billion current LCU | 9 |
| 2010s | 19.98 billion current LCU | 12.23 billion current LCU | 30.78 billion current LCU | 10 |
| 2020s | 37.36 billion current LCU | 27.27 billion current LCU | 44.87 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 133 Azerbaijan 51.01 billion current LCU compare
- 134 Tajikistan 50.54 billion current LCU compare
- 135 Sierra Leone 43.47 billion current LCU compare
- 137 Slovakia 38.43 billion current LCU compare
- 138 Tunisia 37.84 billion current LCU compare
- 139 Greece 37.80 billion current LCU 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Papua New Guinea?
- Industry (including construction), value added in Papua New Guinea was 43.36 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Papua New Guinea?
- The highest recorded value was 44.87 billion current LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Papua New Guinea?
- The lowest recorded value was 29.40 million current LCU in 1961.
- How does Papua New Guinea rank for industry (including construction), value added?
- Papua New Guinea ranks 136th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Papua New Guinea?
- Over the last ten years it is up 131.5%. 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 Industry (including construction), value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.