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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 #
124 Corruption rank#129
120 Ease of doing business#101
Papua New Guinea


Papua New Guinea Major Economic Indicators

Indicator Data Period
GDP Value 26.59 USD Billion 2021
GDP Annual Growth Rate -2.4 % 2021
GDP per capita 2655 USD 2021
Inflation Rate YoY 6.9 % 1Q/22
Interest Rate 3 % Jun/22
Unemployment Rate 2.8 % 2021
Balance of Trade 8740 PGK Million | 2.474 B USD 4Q/21
Current Account 6917 PGK Million | 1.958 B USD Dec/21
Foreign Exchange Reserves 3081 USD Million | 3.081 B USD Mar/22


GDP Indicators

Indicator Data Period
GDP Value 26.59 USD Billion 2021
GDP Annual Growth Rate -2.4 % 2021
GDP per capita 2655 USD 2021
GDP per capita PPP 4046 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 51.5 % 2021
Government Budget to GDP -6 % 2021
Military Expenditure 87 USD Million | 0.087 B USD 2020


Inflation Indicators

Indicator Data Period
Food Inflation 6.2 % 1Q/22
Inflation Rate YoY 6.9 % 1Q/22


Trade Indicators

Indicator Data Period
Current Account to GDP 18.6 % 2021
Balance of Trade 8740 PGK Million | 2.474 USD Billion 4Q/21
Current Account 6917 PGK Million | 1.958 USD Billion Dec/21
Exports 10620 PGK Million | 3.006 USD Billion 4Q/21
Foreign Exchange Reserves 3081 USD Million | 3.081 USD Billion Mar/22
Imports 1880 PGK Million | 0.532 USD Billion 4Q/21


Money Indicators

Indicator Data Period
Gold Reserves 1.96 Tonnes 2Q/22
Interest Rate 3 % Jun/22
Deposit Interest Rate 0.88 % 2019


Labor Indicators

Indicator Data Period
Minimum Wages 141 PGK/Week | 159.633 USD/Month 4Q/21
Unemployment Rate 2.8 % 2021


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 36 BBL/D/1K Mar/22


Business Indicators

Indicator Data Period
Corruption Index 31 index points 2021
Corruption Rank 124 place 2021
Ease of Doing Business 120 place 2019