Services, value added (current LCU), annual growth rate in Papua New Guinea
Papua New Guinea: Services, value added (current LCU), annual growth rate was 7.13 % change on previous year in 2024. ▼ Falling
Services, value added (current 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 (current lcu), annual growth rate in Papua New Guinea is 7.13 % change on previous year, measured in 2024.
Compared with earlier readings it is up 31.0% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Papua New Guinea peaked at 18.06 % change on previous year in 2010 and was at its lowest, 2.44 % change on previous year, in 2015.
Papua New Guinea ranks 104th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Services, value added (current LCU), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 14.34 % change on previous year | — |
| 2008 | 10.87 % change on previous year | -24.2% |
| 2009 | 8.74 % change on previous year | -19.7% |
| 2010 | 18.06 % change on previous year | +106.7% |
| 2011 | 17.22 % change on previous year | -4.6% |
| 2012 | 9.76 % change on previous year | -43.3% |
| 2013 | 9.49 % change on previous year | -2.8% |
| 2014 | 5.44 % change on previous year | -42.7% |
| 2015 | 2.44 % change on previous year | -55.1% |
| 2016 | 8.52 % change on previous year | +249.3% |
| 2017 | 6.55 % change on previous year | -23.1% |
| 2018 | 9.87 % change on previous year | +50.6% |
| 2019 | 6.07 % change on previous year | -38.5% |
| 2020 | 3.58 % change on previous year | -41.0% |
| 2021 | 7.44 % change on previous year | +107.9% |
| 2022 | 11.18 % change on previous year | +50.2% |
| 2023 | 7.13 % change on previous year | -36.2% |
| 2024 | 7.13 % change on previous year | -0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.32 % change on previous year | 8.74 % change on previous year | 14.34 % change on previous year | 3 |
| 2010s | 9.34 % change on previous year | 2.44 % change on previous year | 18.06 % change on previous year | 10 |
| 2020s | 7.29 % change on previous year | 3.58 % change on previous year | 11.18 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 101 Dominican Republic 7.19 % change on previous year compare
- 102 Bosnia and Herzegovina 7.14 % change on previous year compare
- 103 Israel 7.14 % change on previous year compare
- 105 Cambodia 7.12 % change on previous year compare
- 106 Kenya 7.06 % change on previous year compare
- 107 Comoros 7.05 % 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)
- Services, value added (current US$), annual growth rate -0.1907 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4196 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,222 current US$ per person (2024)
- Services, value added (current LCU), per unit of GDP 1.62 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 4,709 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4174 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 1,216 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Papua New Guinea?
- Services, value added (current lcu), annual growth rate in Papua New Guinea was 7.13 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 18.06 % change on previous year in 2010.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was 2.44 % change on previous year in 2015.
- How does Papua New Guinea rank for services, value added (current lcu), annual growth rate?
- Papua New Guinea ranks 104th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.