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 | -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
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 | -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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2020 |
| Personal Income Tax Rate | 42 % | 2020 |
| Sales Tax Rate | 10 % | 2020 |
| 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 | 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
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
5.8
%
#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
