Economy of Papua New Guinea. Statistics, Data and Indicators

Papua New Guinea
35B | Credit rank #81 |
N/A | Quality of life # |
130 | Corruption rank#129 |
120 | Ease of doing business#101 |

Papua New Guinea Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 26.59 USD Billion | 2021 |
GDP Annual Growth Rate | 1.5 % | 2021 |
GDP per capita | 2413 USD | 2021 |
Inflation Rate YoY | 3.41 % | 4Q/22 |
Interest Rate | 3.5 % | Apr/23 |
Unemployment Rate | 2.8 % | 2022 |
Balance of Trade | 10731 PGK Million | 3.044 B USD | 4Q/22 |
Current Account | 10712 PGK Million | 3.039 B USD | Dec/22 |
Foreign Exchange Reserves | 3918 USD Million | 3.918 B USD | Mar/23 |
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 26.59 USD Billion | 2021 |
GDP Annual Growth Rate | 1.5 % | 2021 |
GDP per capita | 2413 USD | 2021 |
GDP per capita PPP | 3677 USD | 2021 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 51.5 % | 2021 |
Government Budget to GDP | -5.6 % | 2022 |
Military Expenditure | 88.7 USD Million | 0.089 B USD | 2021 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Food Inflation | 9.5 % | 4Q/22 |
Inflation Rate YoY | 3.41 % | 4Q/22 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | 22.1 % | 2022 |
Balance of Trade | 10731 PGK Million | 3.044 USD Billion | 4Q/22 |
Current Account | 10712 PGK Million | 3.039 USD Billion | Dec/22 |
Exports | 12859 PGK Million | 3.648 USD Billion | 4Q/22 |
Foreign Exchange Reserves | 3918 USD Million | 3.918 USD Billion | Mar/23 |
Imports | 2128 PGK Million | 0.604 USD Billion | 4Q/22 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Gold Reserves | 1.96 Tonnes | 1Q/23 |
Interest Rate | 3.5 % | Apr/23 |
Deposit Interest Rate | 0.24 % | 2022 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Minimum Wages | 141 PGK/Week | 160 USD/Month | 4Q/22 |
Unemployment Rate | 2.8 % | 2022 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 30 % | 2023 |
Personal Income Tax Rate | 42 % | 2023 |
Sales Tax Rate | 10 % | 2023 |
Social Security Rate | 14.4 % | 2023 |
Social Security Rate For Companies | 8.4 % | 2023 |
Social Security Rate For Employees | 6 % | 2023 |
Production Indicators
Indicator | Data | Period |
---|---|---|
Crude Oil Production | 35 BBL/D/1K | Jan/23 |
Business Indicators
Indicator | Data | Period |
---|---|---|
Corruption Index | 30 index points | 2022 |
Corruption Rank | 130 place | 2022 |
Ease of Doing Business | 120 place | 2019 |