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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 #
130 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 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



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