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 | 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
23.59
USD Billion
#112 from 174 countries
GDP per capita
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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2021 |
| Personal Income Tax Rate | 42 % | 2021 |
| Sales Tax Rate | 10 % | 2021 |
| 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 | 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
1.96
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
2.423
USD Billion
#98 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
4.65
%
#50 from
174 countries
Interest Rate
3
%
#57 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
2.7
%
#149 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
