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Papua New Guinea GDP

Papua New Guinea's GDP rose to $32.54 billion in 2024, up from $30.82 billion in 2023, according to World Bank. This represents an increase of 5.6% ($1.72 billion) from the previous year and accounts for 0.03% of the world's total GDP. Papua New Guinea has GDP lower than the global median ($32.54 billion vs median $35.85 billion). Compared with the median in Oceania, Papua New Guinea is higher ($32.54 billion vs regional median $1.10 billion) and ranks 3rd out of 19 countries in Oceania.

Papua New Guinea's GDP per capita rose to $2,572.03 in 2024, up from $2,515.29 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 32.54
2023 30.82
2022 31.65
2021 26.11
2020 23.85
2019 24.75
2018 24.11
2017 22.74
2016 20.76
2015 21.72
2014 23.21
2013 21.26
2012 21.3
2011 17.99
2010 14.25
2009 11.62
2008 11.67
2007 9.55
2006 8.35
2005 4.87
2004 3.93
2003 3.54
2002 3
2001 3.08
2000 3.52
1999 3.48
1998 3.79
1997 4.94
1996 5.16
1995 4.64
1994 5.5
1993 4.97
1992 4.38
1991 3.79
1990 3.22
1989 3.55
1988 3.66
1987 3.14
1986 2.65
1985 2.42
1984 2.55
1983 2.56
1982 2.37
1981 2.5
1980 2.55
1979 2.29
1978 1.95
1977 1.64
1976 1.51
1975 1.36
1974 1.47
1973 1.3
1972 0.86
1971 0.72
1970 0.65
1969 0.55
1968 0.49
1967 0.44
1966 0.39
1965 0.34
1964 0.31
1963 0.28
1962 0.26
1961 0.24
1960 0.23
Papua New Guinea GDP : Definition
GDP measures the total value of all goods and services produced in Papua New Guinea, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.1% 3.81% 2024
GDP per Capita $2,572.03 $2,515.29 2024
GDP per Capita PPP $4,300.73 $4,205.85 2024
Real GDP $27.2B $26.13B 2024