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Economy of Papua New Guinea. Statistics, Data and Indicators

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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


Papua New Guinea Major Economic Indicators

Indicator Data Period
GDP Value 24.97 USD Billion 2019
GDP Annual Growth Rate -4 % 2020
GDP per capita 2505 USD 2019
Inflation Rate YoY 5.8 % 3Q/20
Interest Rate 3 % Nov/20
Unemployment Rate 2.4 % 2019
Balance of Trade 4898 PGK Million | 1.378 B USD 3Q/20
Current Account 4090 PGK Million | 1.151 B USD Sep/20
Foreign Exchange Reserves 2100 USD Million | 2.1 B USD Nov/20


GDP
vvp
24.97
USD Billion
#112 from 174 countries
GDP per capita
vvp
2505
USD
#120 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 24.97 USD Billion 2019
GDP Annual Growth Rate -4 % 2020
GDP per capita 2505 USD 2019
GDP per capita PPP 4388 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 53.6 % 2021
Government Budget to GDP -7.6 % 2021
Military Expenditure 59.9 USD Million | 0.06 B USD 2018


Inflation Indicators

Indicator Data Period
Food Inflation 2 % 3Q/20
Inflation Rate YoY 5.8 % 3Q/20


Trade Indicators

Indicator Data Period
Current Account to GDP 26.7 % 2018
Balance of Trade 4898 PGK Million | 1.378 USD Billion 3Q/20
Current Account 4090 PGK Million | 1.151 USD Billion Sep/20
Exports 7035 PGK Million | 1.979 USD Billion 3Q/20
Foreign Exchange Reserves 2100 USD Million | 2.1 USD Billion Nov/20
Imports 2136 PGK Million | 0.601 USD Billion 3Q/20


Money Indicators

Indicator Data Period
Gold Reserves 1.96 Tonnes 4Q/20
Interest Rate 3 % Nov/20
Deposit Interest Rate 0.88 % 2019


Labor Indicators

Indicator Data Period
Minimum Wages 141 PGK/Week | 158.663 USD/Month 3Q/20
Unemployment Rate 2.4 % 2019


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 41 BBL/D/1K Oct/20


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
gold_reserve_icon
1.96
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.1
USD Billion
#98 from 114 countries


Government Budget Value
balance_icon
N/A
N/A
#N/A from N/A countries
Inflation Rate
inflation_icon
5.8
%
#50 from 174 countries


Interest Rate
discount_rate_icon
3
%
#57 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
2.4
%
#149 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries