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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 23.59 USD Billion 2020
GDP Annual Growth Rate -3.8 % 2020
GDP per capita 2347 USD 2020
Inflation Rate YoY 4.65 % 1Q/21
Interest Rate 3 % Jul/21
Unemployment Rate 2.7 % 2020
Balance of Trade 6416 PGK Million | 1.832 B USD 4Q/20
Current Account 5741 PGK Million | 1.639 B USD Dec/20
Foreign Exchange Reserves 2423 USD Million | 2.423 B USD Feb/21


GDP
vvp
23.59
USD Billion
#112 from 174 countries
GDP per capita
vvp
2347
USD
#120 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 23.59 USD Billion 2020
GDP Annual Growth Rate -3.8 % 2020
GDP per capita 2347 USD 2020
GDP per capita PPP 4101 USD 2020


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 4.65 % 1Q/21


Trade Indicators

Indicator Data Period
Current Account to GDP 16.9 % 2020
Balance of Trade 6416 PGK Million | 1.832 USD Billion 4Q/20
Current Account 5741 PGK Million | 1.639 USD Billion Dec/20
Exports 8204 PGK Million | 2.343 USD Billion 4Q/20
Foreign Exchange Reserves 2423 USD Million | 2.423 USD Billion Feb/21
Imports 1789 PGK Million | 0.511 USD Billion 4Q/20


Money Indicators

Indicator Data Period
Gold Reserves 1.96 Tonnes 1Q/21
Interest Rate 3 % Jul/21
Deposit Interest Rate 0.88 % 2019


Labor Indicators

Indicator Data Period
Minimum Wages 141 PGK/Week | 161.06 USD/Month 4Q/20
Unemployment Rate 2.7 % 2020


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 39 BBL/D/1K Mar/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
gold_reserve_icon
1.96
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.423
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
4.65
%
#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
2.7
%
#149 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries