Services, value added (current LCU) in Papua New Guinea
Papua New Guinea: Services, value added (current LCU) was 49.80 billion current LCU in 2024. ▲ Rising
Services, value added in Papua New Guinea, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Papua New Guinea stood at 49.80 billion current LCU. That is the highest value across all 19 years on record.
That represents a change of up 7.1% on the previous year and up 96.0% over ten years.
Over the whole period, services, value added in Papua New Guinea peaked at 49.80 billion current LCU in 2024 and was at its lowest, 10.51 billion current LCU, in 2006.
That places Papua New Guinea 151st out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Services, value added (current LCU) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 10.51 billion current LCU | — |
| 2007 | 12.02 billion current LCU | +14.3% |
| 2008 | 13.33 billion current LCU | +10.9% |
| 2009 | 14.49 billion current LCU | +8.7% |
| 2010 | 17.11 billion current LCU | +18.1% |
| 2011 | 20.05 billion current LCU | +17.2% |
| 2012 | 22.01 billion current LCU | +9.8% |
| 2013 | 24.10 billion current LCU | +9.5% |
| 2014 | 25.41 billion current LCU | +5.4% |
| 2015 | 26.03 billion current LCU | +2.4% |
| 2016 | 28.25 billion current LCU | +8.5% |
| 2017 | 30.10 billion current LCU | +6.6% |
| 2018 | 33.07 billion current LCU | +9.9% |
| 2019 | 35.08 billion current LCU | +6.1% |
| 2020 | 36.33 billion current LCU | +3.6% |
| 2021 | 39.03 billion current LCU | +7.4% |
| 2022 | 43.40 billion current LCU | +11.2% |
| 2023 | 46.49 billion current LCU | +7.1% |
| 2024 | 49.80 billion current LCU | +7.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 49.80 billion current LCU is below the median for lower middle income countries, which is 891.96 billion current LCU, 6% of the median. (47 countries reporting)
- Papua New Guinea's 49.80 billion current LCU is below the median for East Asia & Pacific, which is 565.23 billion current LCU, 9% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.59 billion current LCU | 10.51 billion current LCU | 14.49 billion current LCU | 4 |
| 2010s | 26.12 billion current LCU | 17.11 billion current LCU | 35.08 billion current LCU | 10 |
| 2020s | 43.01 billion current LCU | 36.33 billion current LCU | 49.80 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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Papua New Guinea?
- Services, value added in Papua New Guinea was 49.80 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Papua New Guinea?
- The highest recorded value was 49.80 billion current LCU in 2024.
- What is the lowest services, value added recorded in Papua New Guinea?
- The lowest recorded value was 10.51 billion current LCU in 2006.
- How does Papua New Guinea rank for services, value added?
- Papua New Guinea ranks 151st out of 206 countries with data for 2024.
- Is services, value added rising or falling in Papua New Guinea?
- Over the last ten years it is up 96.0%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.