1. Global Data
  2. Country Data
  3. Papua New Guinea GDP and Economic Data
Featured image for Papua New Guinea

Papua New Guinea GDP and Economic Data

Country Report 2015 - Includes Papua New Guinea real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Papua New Guinea economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Papua New Guinea best banks and safest banks are also available.

 
 
Source
Central bank

Bank of Papua New Guinea

Source
International Reserves

US$ 2.581 billion (Source: World Bank; Data updated: 2013)

Source
Gross Domestic Product - GDP

US$ 20 billion (2015 estimate)

Source
GDP (Purchasing Power Parity)

22 billion of International dollars (2015 estimate)

Source
Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.4% 0.6% 3.9% 2.3% 7.2% 6.6% 6.1% 7.7%
2011 2012 2013 2014* 2015*      
10.7% 8.1% 5.5% 5.8% 19.6%      

*Estimate

Source
GDP per capita - current prices

US$ 2,138 (2014 estimate)

Source
GDP per capita - PPP

2,404 International Dollars (2014 estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.01% 0.01% 0.01% 0.02%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 27.6% 
  • industry: 39.1% 
  • services: 33.3% (2013 estimate)
Source
Gross domestic expenditure on R&D; (% of GDP)

N/A

Source
Inflation
2011 2012 2013 2014*
4.4% 4.5% 5.0% 5.3%

*Estimate

Source
Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
25.3% 22.3% 26.8% 34.8% 38.3%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
20010 2011 2012 2013 2014*
3.1% 1.7% -3.2% -8.0% -7.2%

*Estimate 

Source
Government bond ratings

Standard & Poor's: B+

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Source
Market value of publicly traded shares
2010* 2011 2012**
US$9.742 billion US$8.999 billion US$10.71 billion

*2010 Estimate   **2012 Estimate 

Source
Largest companies in Papua New Guinea

N/A

Source
 
 
Source
Current account balance

US$ -653 million (2014 estimate)

Source
Current account balance by percentage of GDP

-3.68% of GDP (2014 estimate)

Source
Exports as percent of GDP(Exports of goods and services)

N/A

Source
Shares in world total merchandising export

0.03% (2012)

Source
Shares in world total commercial services export

0.01% (2012)

Source
Total exports

US$5.392 billion (2013 estimate) 

Source
Export commodities

oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns

Source
Total imports

US$4.587 billion (2013 estimate) 

Source
 
 
Source
Import commodities

machinery and transport equipment, manufactured goods, food, fuels, chemicals

Source
Exports - major partners

Australia 30.1%, Japan 9.9%, China 5%, Germany 4.1% (2012)

Source
Imports - major partners

Australia 36.3%, Singapore 13.8%, Malaysia 8.4%, China 7.9%, Japan 5.8%, US 4.8% (2012)

Source
FDI inflows
2011 2012 2013
US$-310 million US$25 million US$18 million  
Source
FDI outflows
2009 2010 2011  
US$1 million US$89 million US$0  
Source
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$-4 million US$0 US$0 US$0
Source
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Source
Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Source
Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 113 out of 189 countries (2013)

Subcategories:

Starting a business: 101 out of 189 countries

Enforcing Contracts: 168 out of 189 countries

Registering Property: 87 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 134 out of 189 countries

Paying Taxes: 116 out of 189 countries

Dealing with Construction Permits: 165 out of 189 countries

Getting Electricity: 24 out of 189 countries

Resolving Insolvency: 128 out of 189 countries

(2013)

Source
Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

Source
Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 132 Score: 53.9 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

Source
 
 
Source
Time zone

UTC+10

Source
Total area

462,840 sq km

Source
Capital

Port Moresby

Source
Currency

kina (PGK)

Source
Government type

constitutional parliamentary democracy and a Commonwealth realm

Source
Languages

Tok Pisin (official), English (official), Hiri Motu (official), some 836 indigenous languages spoken (about 12% of the world's total); most languages have fewer than 1,000 speakers

 

Source
Religions

Roman Catholic 27%, Evangelical Lutheran 19.5%, United Church 11.5%, Seventh-Day Adventist 10%, Pentecostal 8.6%, Evangelical Alliance 5.2%, Anglican 3.2%, Baptist 2.5%, other Protestant 8.9%, Bahai 0.3%, indigenous beliefs and other 3.3% (2000 census)

Source
Total population
1990 2000 2010 2014* 2019**
3.758 million 5.13 million 6.497 million 7.172 million 8.114 million

*Estimate    **Forecast

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2013
3.7% 13% 13% 13%
Source
Population median age

22.4 years (2014 est.)

Source
Population growth rate

1.84% (2014 est.)

 

Source
Life expectancy

66.85 years (2014 estimate)

Source
Adult literacy

62.4% (2011 estimate)

Source
% of population living on less than $2 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

Fixed 1.9%   Mobile 41.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

6.50% (2013)

Source
Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

0.5 (2010)

Source
View all Papua New Guinea GDP and Economic Data content