Manufacturing, value added in Papua New Guinea
Papua New Guinea: Manufacturing, value added was 1.96 billion current LCU in 2024. ◆ Volatile
Manufacturing, value added in Papua New Guinea, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, manufacturing, value added in Papua New Guinea stood at 1.96 billion current LCU. That is the highest value across all 54 years on record.
That represents a change of up 6.4% on the previous year and up 60.8% over ten years.
Over the whole period, manufacturing, value added in Papua New Guinea peaked at 1.96 billion current LCU in 2024 and was at its lowest, 31.50 million current LCU, in 1970.
That places Papua New Guinea 162nd 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.
Manufacturing, value added in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 31.50 million current LCU | — |
| 1971 | 36.70 million current LCU | +16.5% |
| 1972 | 40.70 million current LCU | +10.9% |
| 1973 | 51.80 million current LCU | +27.3% |
| 1974 | 68.80 million current LCU | +32.8% |
| 1975 | 83.90 million current LCU | +21.9% |
| 1976 | 101.00 million current LCU | +20.4% |
| 1977 | 99.90 million current LCU | -1.1% |
| 1978 | 134.00 million current LCU | +34.1% |
| 1979 | 152.20 million current LCU | +13.6% |
| 1980 | 162.30 million current LCU | +6.6% |
| 1981 | 166.60 million current LCU | +2.6% |
| 1982 | 164.60 million current LCU | -1.2% |
| 1983 | 217.30 million current LCU | +32.0% |
| 1984 | 252.00 million current LCU | +16.0% |
| 1985 | 264.60 million current LCU | +5.0% |
| 1986 | 256.30 million current LCU | -3.1% |
| 1987 | 268.90 million current LCU | +4.9% |
| 1988 | 294.30 million current LCU | +9.4% |
| 1989 | 336.90 million current LCU | +14.5% |
| 1990 | 275.90 million current LCU | -18.1% |
| 1991 | 345.10 million current LCU | +25.1% |
| 1992 | 390.30 million current LCU | +13.1% |
| 1993 | 411.00 million current LCU | +5.3% |
| 1994 | 423.30 million current LCU | +3.0% |
| 1995 | 496.50 million current LCU | +17.3% |
| 1996 | 607.00 million current LCU | +22.3% |
| 1997 | 651.00 million current LCU | +7.2% |
| 1998 | 722.30 million current LCU | +11.0% |
| 1999 | 727.50 million current LCU | +0.7% |
| 2000 | 697.70 million current LCU | -4.1% |
| 2001 | 731.10 million current LCU | +4.8% |
| 2002 | 729.30 million current LCU | -0.2% |
| 2003 | 820.80 million current LCU | +12.5% |
| 2004 | 848.30 million current LCU | +3.4% |
| 2006 | 596.71 million current LCU | -29.7% |
| 2007 | 681.57 million current LCU | +14.2% |
| 2008 | 791.92 million current LCU | +16.2% |
| 2009 | 829.83 million current LCU | +4.8% |
| 2010 | 945.68 million current LCU | +14.0% |
| 2011 | 1.07 billion current LCU | +13.1% |
| 2012 | 1.09 billion current LCU | +2.3% |
| 2013 | 1.16 billion current LCU | +6.4% |
| 2014 | 1.22 billion current LCU | +4.4% |
| 2015 | 1.07 billion current LCU | -12.1% |
| 2016 | 1.26 billion current LCU | +17.5% |
| 2017 | 1.41 billion current LCU | +12.3% |
| 2018 | 1.37 billion current LCU | -3.0% |
| 2019 | 1.42 billion current LCU | +3.6% |
| 2020 | 1.39 billion current LCU | -1.9% |
| 2021 | 1.56 billion current LCU | +12.1% |
| 2022 | 1.81 billion current LCU | +16.3% |
| 2023 | 1.84 billion current LCU | +1.3% |
| 2024 | 1.96 billion current LCU | +6.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.96 billion current LCU is below the median for lower middle income countries, which is 254.63 billion current LCU, 1% of the median. (47 countries reporting)
- Papua New Guinea's 1.96 billion current LCU is below the median for East Asia & Pacific, which is 32.15 billion current LCU, 6% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 80.05 million current LCU | 31.50 million current LCU | 152.20 million current LCU | 10 |
| 1980s | 238.38 million current LCU | 162.30 million current LCU | 336.90 million current LCU | 10 |
| 1990s | 504.99 million current LCU | 275.90 million current LCU | 727.50 million current LCU | 10 |
| 2000s | 747.47 million current LCU | 596.71 million current LCU | 848.30 million current LCU | 9 |
| 2010s | 1.20 billion current LCU | 945.68 million current LCU | 1.42 billion current LCU | 10 |
| 2020s | 1.71 billion current LCU | 1.39 billion current LCU | 1.96 billion current LCU | 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)
- 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 manufacturing, value added in Papua New Guinea?
- Manufacturing, value added in Papua New Guinea was 1.96 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Papua New Guinea?
- The highest recorded value was 1.96 billion current LCU in 2024.
- What is the lowest manufacturing, value added recorded in Papua New Guinea?
- The lowest recorded value was 31.50 million current LCU in 1970.
- How does Papua New Guinea rank for manufacturing, value added?
- Papua New Guinea ranks 162nd out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Papua New Guinea?
- Over the last ten years it is up 60.8%. 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 Manufacturing, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.