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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 #
137 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 5 % 2019
GDP per capita 2505 USD 2019
Inflation Rate YoY 3.1 % 1Q/20
Interest Rate 3 % Aug/20
Unemployment Rate 2.4 % 2019
Balance of Trade 6676 PGK Million | 1.888 B USD 3Q/19
Current Account 4381 PGK Million | 1.239 B USD Mar/20
Foreign Exchange Reserves 2338 USD Million | 2.338 B USD Dec/19


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 5 % 2019
GDP per capita 2505 USD 2019
GDP per capita PPP 4388 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 39.8 % 2019
Government Budget to GDP -4.9 % 2019
Military Expenditure 59.9 USD Million | 0.06 B USD 2018


Inflation Indicators

Indicator Data Period
Food Inflation 2.4 % 1Q/20
Inflation Rate YoY 3.1 % 1Q/20


Trade Indicators

Indicator Data Period
Current Account to GDP 26.7 % 2018
Balance of Trade 6676 PGK Million | 1.888 USD Billion 3Q/19
Current Account 4381 PGK Million | 1.239 USD Billion Mar/20
Exports 9191 PGK Million | 2.599 USD Billion 3Q/19
Foreign Exchange Reserves 2338 USD Million | 2.338 USD Billion Dec/19
Imports 2515 PGK Million | 0.711 USD Billion 3Q/19


Money Indicators

Indicator Data Period
Gold Reserves 2 Tonnes 2Q/20
Interest Rate 3 % Aug/20
Deposit Interest Rate 0.88 % 2019


Labor Indicators

Indicator Data Period
Minimum Wages 141 PGK/Week | 159.489 USD/Month 3Q/19
Unemployment Rate 2.4 % 2019


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 45 BBL/D/1K May/20


Business Indicators

Indicator Data Period
Corruption Index 28 index points 2019
Corruption Rank 137 place 2019
Ease of Doing Business 120 place 2019


Gold Reserves
gold_reserve_icon
2
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.338
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
3.1
%
#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