Economy of Papua New Guinea. Statistics, Data and Indicators
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 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
24.97
USD Billion
#112 from 174 countries
GDP per capita
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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2020 |
| Personal Income Tax Rate | 42 % | 2020 |
| Sales Tax Rate | 10 % | 2020 |
| 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 | 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
2
Tonnes
#91 from 114 countries
Foreign Exchange Reserves
2.338
USD Billion
#98 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
3.1
%
#50 from
174 countries
Interest Rate
3
%
#57 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
2.4
%
#149 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
