Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Papua New Guinea. Statistics, Data and Indicators

flag
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 30.63 USD Billion 2022
GDP Annual Growth Rate 3.7 % 2022
GDP per capita 2471 USD 2022
Inflation Rate YoY 1.68 % 1Q/23
Interest Rate 3 % Oct/23
Unemployment Rate 2.8 % 2022
Balance of Trade 10089 PGK Million | 2.7 B USD 1Q/23
Current Account 9479 PGK Million | 2.537 B USD Mar/23
Foreign Exchange Reserves 3860 USD Million | 3.86 B USD Apr/23


GDP Indicators

Indicator Data Period
GDP Value 30.63 USD Billion 2022
GDP Annual Growth Rate 3.7 % 2022
GDP per capita 2471 USD 2022
GDP per capita PPP 3766 USD 2022


Budget Indicators

Indicator Data Period
Government Debt to GDP 49.8 % 2022
Government Budget to GDP -5.6 % 2022
Military Expenditure 97.5 USD Million | 0.098 B USD 2022


Inflation Indicators

Indicator Data Period
Food Inflation 8.7 % 1Q/23
Inflation Rate YoY 1.68 % 1Q/23


Trade Indicators

Indicator Data Period
Current Account to GDP 22.1 % 2022
Balance of Trade 10089 PGK Million | 2.7 USD Billion 1Q/23
Current Account 9479 PGK Million | 2.537 USD Billion Mar/23
Exports 11845 PGK Million | 3.171 USD Billion 1Q/23
Foreign Exchange Reserves 3860 USD Million | 3.86 USD Billion Apr/23
Imports 1756 PGK Million | 0.47 USD Billion 1Q/23


Money Indicators

Indicator Data Period
Gold Reserves 1.96 Tonnes 2Q/23
Interest Rate 3 % Oct/23
Deposit Interest Rate 0.24 % 2022


Labor Indicators

Indicator Data Period
Minimum Wages 141 PGK/Week | 150.964 USD/Month 1Q/23
Unemployment Rate 2.8 % 2022


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 32 BBL/D/1K May/23


Business Indicators

Indicator Data Period
Corruption Index 30 index points 2022
Corruption Rank 130 place 2022
Ease of Doing Business 120 place 2019