Gross domestic product (GDP) in Papua New Guinea
Papua New Guinea: Gross domestic product (GDP) was 10.29 billion current GBP in 2014. ◆ Volatile
Latest (2014)
10.29 billion current GBP
Change on year
up 4.3%
World rank
118th
of 200 countries
All-time high
10.29 billion current GBP
in 2014
All-time low
82.32 million current GBP
in 1960
Years of data
55
1960–2014
Gross domestic product (GDP) in Papua New Guinea, 1960–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
In 2014, gross domestic product (gdp) in Papua New Guinea stood at 10.29 billion current GBP. That is the highest value across all 55 years on record.
That represents a change of up 4.3% on the previous year and up 379.6% over ten years.
Over the whole period, gross domestic product (gdp) in Papua New Guinea peaked at 10.29 billion current GBP in 2014 and was at its lowest, 82.32 million current GBP, in 1960.
Papua New Guinea ranks 118th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Papua New Guinea, year by year
| Year | current GBP | Change |
|---|---|---|
| 1960 | 82.32 million current GBP | — |
| 1961 | 87.44 million current GBP | +6.2% |
| 1962 | 93.28 million current GBP | +6.7% |
| 1963 | 98.56 million current GBP | +5.7% |
| 1964 | 109.04 million current GBP | +10.6% |
| 1965 | 122.91 million current GBP | +12.7% |
| 1966 | 139.63 million current GBP | +13.6% |
| 1967 | 159.94 million current GBP | +14.5% |
| 1968 | 202.15 million current GBP | +26.4% |
| 1969 | 229.68 million current GBP | +13.6% |
| 1970 | 268.97 million current GBP | +17.1% |
| 1971 | 294.92 million current GBP | +9.6% |
| 1972 | 343.86 million current GBP | +16.6% |
| 1973 | 530.26 million current GBP | +54.2% |
| 1974 | 627.67 million current GBP | +18.4% |
| 1975 | 613.24 million current GBP | -2.3% |
| 1976 | 841.36 million current GBP | +37.2% |
| 1977 | 940.60 million current GBP | +11.8% |
| 1978 | 1.02 billion current GBP | +8.0% |
| 1979 | 1.08 billion current GBP | +6.6% |
| 1980 | 1.10 billion current GBP | +1.2% |
| 1981 | 1.24 billion current GBP | +13.5% |
| 1982 | 1.36 billion current GBP | +9.1% |
| 1983 | 1.69 billion current GBP | +24.7% |
| 1984 | 1.92 billion current GBP | +13.5% |
| 1985 | 1.89 billion current GBP | -1.6% |
| 1986 | 1.81 billion current GBP | -4.3% |
| 1987 | 1.92 billion current GBP | +6.5% |
| 1988 | 2.06 billion current GBP | +6.8% |
| 1989 | 2.17 billion current GBP | +5.5% |
| 1990 | 1.81 billion current GBP | -16.3% |
| 1991 | 2.15 billion current GBP | +18.4% |
| 1992 | 2.49 billion current GBP | +16.2% |
| 1993 | 3.32 billion current GBP | +33.0% |
| 1994 | 3.60 billion current GBP | +8.4% |
| 1995 | 2.94 billion current GBP | -18.3% |
| 1996 | 3.30 billion current GBP | +12.5% |
| 1997 | 3.02 billion current GBP | -8.7% |
| 1998 | 2.29 billion current GBP | -24.1% |
| 1999 | 2.15 billion current GBP | -6.1% |
| 2000 | 2.33 billion current GBP | +8.3% |
| 2001 | 2.14 billion current GBP | -8.0% |
| 2002 | 2.00 billion current GBP | -6.5% |
| 2003 | 2.17 billion current GBP | +8.2% |
| 2004 | 2.14 billion current GBP | -1.0% |
| 2005 | 2.68 billion current GBP | +24.8% |
| 2006 | 3.00 billion current GBP | +12.3% |
| 2007 | 3.17 billion current GBP | +5.5% |
| 2008 | 4.35 billion current GBP | +37.3% |
| 2009 | 5.20 billion current GBP | +19.6% |
| 2010 | 6.29 billion current GBP | +20.9% |
| 2011 | 8.03 billion current GBP | +27.8% |
| 2012 | 9.74 billion current GBP | +21.3% |
| 2013 | 9.86 billion current GBP | +1.2% |
| 2014 | 10.29 billion current GBP | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 132.50 million current GBP | 82.32 million current GBP | 229.68 million current GBP | 10 |
| 1970s | 655.97 million current GBP | 268.97 million current GBP | 1.08 billion current GBP | 10 |
| 1980s | 1.71 billion current GBP | 1.10 billion current GBP | 2.17 billion current GBP | 10 |
| 1990s | 2.71 billion current GBP | 1.81 billion current GBP | 3.60 billion current GBP | 10 |
| 2000s | 2.92 billion current GBP | 2.00 billion current GBP | 5.20 billion current GBP | 10 |
| 2010s | 8.84 billion current GBP | 6.29 billion current GBP | 10.29 billion current GBP | 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)
- Exports of goods and services (current LCU), annual growth rate 4.66 % change on previous year (2004)
- Exports of goods and services (current LCU), per unit of GDP 2.32 current LCU per US$ of GDP (2004)
- Exports of goods and services (current LCU), per capita 1,443 current LCU per person (2004)
- Gross fixed capital formation (current US$), annual growth rate 10.94 % change on previous year (2004)
- Gross fixed capital formation (current US$), per unit of GDP 0.1813 current US$ per US$ of GDP (2004)
- Gross fixed capital formation (current US$), per capita 112.54 current US$ per person (2004)
- Gross fixed capital formation (current LCU), per unit of GDP 0.5842 current LCU per US$ of GDP (2004)
- Gross fixed capital formation (current LCU), per capita 362.56 current LCU per person (2004)
Frequently asked questions
- What is gross domestic product (gdp) in Papua New Guinea?
- Gross domestic product (gdp) in Papua New Guinea was 10.29 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Papua New Guinea?
- The highest recorded value was 10.29 billion current GBP in 2014.
- What is the lowest gross domestic product (gdp) recorded in Papua New Guinea?
- The lowest recorded value was 82.32 million current GBP in 1960.
- How does Papua New Guinea rank for gross domestic product (gdp)?
- Papua New Guinea ranks 118th out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Papua New Guinea?
- Over the last ten years it is up 379.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.