Economy of Papua New Guinea. Statistics, Data and Indicators
Papua New Guinea
| 35B | Credit rank #81 |
| N/A | Quality of life # |
| 142 | Corruption rank#129 |
| 120 | Ease of doing business#101 |
Papua New Guinea Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.97 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.8 % | 2020 |
| GDP per capita | 2505 USD | 2019 |
| Inflation Rate YoY | 5.1 % | 4Q/20 |
| Interest Rate | 3 % | Apr/21 |
| Unemployment Rate | 2.4 % | 2019 |
| Balance of Trade | 6416 PGK Million | 1.829 B USD | 4Q/20 |
| Current Account | 5741 PGK Million | 1.636 B USD | Dec/20 |
| Foreign Exchange Reserves | 2100 USD Million | 2.1 B USD | Nov/20 |
GDP
24.97
USD Billion
#112 from 174 countries
GDP per capita
2505
USD
#120 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.97 USD Billion | 2019 |
| GDP Annual Growth Rate | -3.8 % | 2020 |
| GDP per capita | 2505 USD | 2019 |
| GDP per capita PPP | 4388 USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 48.9 % | 2020 |
| Government Budget to GDP | -8.1 % | 2020 |
| Military Expenditure | 87 USD Million | 0.087 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Food Inflation | 1.6 % | 4Q/20 |
| Inflation Rate YoY | 5.1 % | 4Q/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 16.9 % | 2020 |
| Balance of Trade | 6416 PGK Million | 1.829 USD Billion | 4Q/20 |
| Current Account | 5741 PGK Million | 1.636 USD Billion | Dec/20 |
| Exports | 8204 PGK Million | 2.338 USD Billion | 4Q/20 |
| Foreign Exchange Reserves | 2100 USD Million | 2.1 USD Billion | Nov/20 |
| Imports | 1789 PGK Million | 0.51 USD Billion | 4Q/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 1.96 Tonnes | 1Q/21 |
| Interest Rate | 3 % | Apr/21 |
| Deposit Interest Rate | 0.88 % | 2019 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 141 PGK/Week | 160.748 USD/Month | 4Q/20 |
| Unemployment Rate | 2.4 % | 2019 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2021 |
| Personal Income Tax Rate | 42 % | 2021 |
| Sales Tax Rate | 10 % | 2021 |
| Social Security Rate | 14.4 % | 2019 |
| Social Security Rate For Companies | 8.4 % | 2019 |
| Social Security Rate For Employees | 6 % | 2019 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Jan/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 27 index points | 2020 |
| Corruption Rank | 142 place | 2020 |
| Ease of Doing Business | 120 place | 2019 |
Gold Reserves
1.96
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
2.1
USD Billion
#98 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
5.1
%
#50 from
174 countries
Interest Rate
3
%
#57 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
2.4
%
#149 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
