Value Added (Total Manufacturing) — Value Standard Local Currency in Papua New Guinea
Papua New Guinea: Value Added (Total Manufacturing) — Value Standard Local Currency was 1,241 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Papua New Guinea, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Papua New Guinea stood at 1,241 million SLC. That is the highest value across all 54 years on record.
The figure is up 5.0% on the previous year and up 0.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Papua New Guinea peaked at 1,241 million SLC in 2023 and was at its lowest, 543.59 million SLC, in 1970.
Papua New Guinea ranks 155th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 543.59 million SLC | — |
| 1971 | 579.57 million SLC | +6.6% |
| 1972 | 618 million SLC | +6.6% |
| 1973 | 669.73 million SLC | +8.4% |
| 1974 | 680.43 million SLC | +1.6% |
| 1975 | 662.48 million SLC | -2.6% |
| 1976 | 630.73 million SLC | -4.8% |
| 1977 | 627.55 million SLC | -0.5% |
| 1978 | 699.96 million SLC | +11.5% |
| 1979 | 704.51 million SLC | +0.6% |
| 1980 | 642.02 million SLC | -8.9% |
| 1981 | 653.77 million SLC | +1.8% |
| 1982 | 610.91 million SLC | -6.6% |
| 1983 | 637.91 million SLC | +4.4% |
| 1984 | 692.22 million SLC | +8.5% |
| 1985 | 711.6 million SLC | +2.8% |
| 1986 | 647.01 million SLC | -9.1% |
| 1987 | 652.59 million SLC | +0.9% |
| 1988 | 677.84 million SLC | +3.9% |
| 1989 | 734.79 million SLC | +8.4% |
| 1990 | 567.46 million SLC | -22.8% |
| 1991 | 657.29 million SLC | +15.8% |
| 1992 | 710.13 million SLC | +8.0% |
| 1993 | 729.51 million SLC | +2.7% |
| 1994 | 794.38 million SLC | +8.9% |
| 1995 | 799.37 million SLC | +0.6% |
| 1996 | 922.94 million SLC | +15.5% |
| 1997 | 970 million SLC | +5.1% |
| 1998 | 997.22 million SLC | +2.8% |
| 1999 | 921.5 million SLC | -7.6% |
| 2000 | 819.78 million SLC | -11.0% |
| 2001 | 820.8 million SLC | +0.1% |
| 2002 | 773.21 million SLC | -5.8% |
| 2003 | 810.57 million SLC | +4.8% |
| 2004 | 828.37 million SLC | +2.2% |
| 2005 | 897.95 million SLC | +8.4% |
| 2006 | 933.85 million SLC | +4.0% |
| 2007 | 1,057 million SLC | +13.2% |
| 2008 | 1,109 million SLC | +4.9% |
| 2009 | 1,087 million SLC | -2.0% |
| 2010 | 1,169 million SLC | +7.6% |
| 2011 | 1,223 million SLC | +4.6% |
| 2012 | 1,217 million SLC | -0.5% |
| 2013 | 1,238 million SLC | +1.7% |
| 2014 | 1,227 million SLC | -0.9% |
| 2015 | 1,069 million SLC | -12.9% |
| 2016 | 1,109 million SLC | +3.8% |
| 2017 | 1,150 million SLC | +3.7% |
| 2018 | 1,072 million SLC | -6.7% |
| 2019 | 1,066 million SLC | -0.6% |
| 2020 | 997.76 million SLC | -6.4% |
| 2021 | 1,070 million SLC | +7.3% |
| 2022 | 1,182 million SLC | +10.4% |
| 2023 | 1,241 million SLC | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 641.65 million SLC | 543.59 million SLC | 704.51 million SLC | 10 |
| 1980s | 666.07 million SLC | 610.91 million SLC | 734.79 million SLC | 10 |
| 1990s | 806.98 million SLC | 567.46 million SLC | 997.22 million SLC | 10 |
| 2000s | 913.76 million SLC | 773.21 million SLC | 1,109 million SLC | 10 |
| 2010s | 1,154 million SLC | 1,066 million SLC | 1,238 million SLC | 10 |
| 2020s | 1,123 million SLC | 997.76 million SLC | 1,241 million SLC | 4 |
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)
- Imports of goods and services (current US$), annual growth rate 21.1 % change on previous year (2004)
- Imports of goods and services (current US$), per unit of GDP 0.5892 current US$ per US$ of GDP (2004)
- Imports of goods and services (current US$), per capita 365.65 current US$ per person (2004)
- Imports of goods and services (current LCU), annual growth rate 9.78 % change on previous year (2004)
- Imports of goods and services (current LCU), per unit of GDP 1.9 current LCU per US$ of GDP (2004)
- Imports of goods and services (current LCU), per capita 1,178 current LCU per person (2004)
- 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)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Papua New Guinea?
- Value added (total manufacturing) — value standard local currency in Papua New Guinea was 1,241 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Papua New Guinea?
- The highest recorded value was 1,241 million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Papua New Guinea?
- The lowest recorded value was 543.59 million SLC in 1970.
- How does Papua New Guinea rank for value added (total manufacturing) — value standard local currency?
- Papua New Guinea ranks 155th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Papua New Guinea?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).