Services, value added (constant LCU), annual growth rate in Papua New Guinea
Papua New Guinea: Services, value added (constant LCU), annual growth rate was 5.24 % change on previous year in 2024. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Papua New Guinea, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant lcu), annual growth rate in Papua New Guinea is 5.24 % change on previous year, measured in 2024.
The figure is up 4.4% on the previous year and up 473.5% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Papua New Guinea peaked at 13.38 % change on previous year in 2007 and was at its lowest, -2.28 % change on previous year, in 2015.
Papua New Guinea ranks 47th of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 13.38 % change on previous year | — |
| 2008 | 1.48 % change on previous year | -89.0% |
| 2009 | 2.57 % change on previous year | +73.9% |
| 2010 | 12.43 % change on previous year | +384.3% |
| 2011 | 9.29 % change on previous year | -25.3% |
| 2012 | 5.96 % change on previous year | -35.9% |
| 2013 | 4.27 % change on previous year | -28.3% |
| 2014 | 0.9137 % change on previous year | -78.6% |
| 2015 | -2.28 % change on previous year | -350.0% |
| 2016 | 2.25 % change on previous year | -198.6% |
| 2017 | 1.39 % change on previous year | -38.1% |
| 2018 | 5.05 % change on previous year | +262.4% |
| 2019 | 2.46 % change on previous year | -51.3% |
| 2020 | -0.1757 % change on previous year | -107.1% |
| 2021 | 4.49 % change on previous year | -2655.8% |
| 2022 | 6.3 % change on previous year | +40.2% |
| 2023 | 5.02 % change on previous year | -20.3% |
| 2024 | 5.24 % change on previous year | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.81 % change on previous year | 1.48 % change on previous year | 13.38 % change on previous year | 3 |
| 2010s | 4.17 % change on previous year | -2.28 % change on previous year | 12.43 % change on previous year | 10 |
| 2020s | 4.17 % change on previous year | -0.1757 % change on previous year | 6.3 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 44 Guinea 5.4 % change on previous year compare
- 45 China 5.39 % change on previous year compare
- 46 Guinea-Bissau 5.36 % change on previous year compare
- 48 Kazakhstan 5.2 % change on previous year compare
- 49 Tonga 5.19 % change on previous year compare
- 50 Turks and Caicos Islands 5.12 % 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)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.68 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.6558 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,910 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.09 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1513 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 440.79 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Papua New Guinea?
- Services, value added (constant lcu), annual growth rate in Papua New Guinea was 5.24 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 13.38 % change on previous year in 2007.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -2.28 % change on previous year in 2015.
- How does Papua New Guinea rank for services, value added (constant lcu), annual growth rate?
- Papua New Guinea ranks 47th out of 196 countries with data for 2024.
- Is services, value added (constant lcu), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is up 473.5%. 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 Services, value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added 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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.