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Papua New Guinea

Headline economic indicators for Papua New Guinea, with the most recent official readings.

Prices

Prices — Papua New Guinea
Indicator Value Change
Inflation rate · 4.4% +3.82 (+634.0%)
Consumer price index · 193.2 +8.18 (+4.4%)
GDP deflator inflation · 6.9% +3.60 (+109.9%)

GDP

GDP — Papua New Guinea
Indicator Value Change
GDP growth rate · 5.6% +1.75 (+45.0%)
GDP per capita · 3,019.53 +107.04 (+3.7%)
GDP · 32,498,658,653.84 +1,694,687,464 (+5.5%)
GDP, PPP · 56,125,596,605 +4,443,182,509 (+8.6%)
GDP per capita, PPP · 5,215 +328.24 (+6.7%)
GDP per capita growth · 3.8% +1.76 (+85.6%)
GNI per capita · 2,890 +30.00 (+1.0%)
Agriculture to GDP · 17.0% +0.06 (+0.4%)
Industry to GDP · 36.5% +0.24 (+0.7%)
Manufacturing to GDP · 1.6% -0.01 (-0.8%)
Services to GDP · 42.0% -0.06 (-0.2%)
Household consumption to GDP · 51.4% +2.01 (+4.1%)
Gross capital formation to GDP · 20.0% +0.08 (+0.4%)
Gross savings to GDP · 30.4% -0.04 (-0.1%)

Labour

Labour — Papua New Guinea
Indicator Value Change
Unemployment rate · 2.6% -0.05 (-2.1%)
Labour force participation rate · 52.1% +0.11 (+0.2%)
Female labour force participation rate · 50.8% +0.13 (+0.2%)
Youth unemployment rate · 3.8% +0.00 (+0.1%)
Employment to population ratio · 50.7% +0.14 (+0.3%)
Employment in agriculture · 36.9% -0.60 (-1.6%)
Employment in industry · 7.9% +0.17 (+2.2%)
Employment in services · 55.3% +0.44 (+0.8%)

Money

Money — Papua New Guinea
Indicator Value Change
Real interest rate · 4.9% -8.44 (-63.5%)
Broad money to GDP · 26.6% -0.30 (-1.1%)
Private sector credit to GDP · 15.7% -0.56 (-3.4%)
Lending rate · 8.3% -0.09 (-1.1%)
Bank deposit rate · 0.3% -0.07 (-20.3%)
Stock market capitalization to GDP · 7.4% -0.52 (-6.6%)
Bank nonperforming loans · 5.4% +0.64 (+13.3%)
Official exchange rate · 4.12 +0.27 (+7.0%)

Trade

Trade — Papua New Guinea
Indicator Value Change
Current account to GDP · 15.5% +6.41 (+70.7%)
Exports to GDP · 72.2% +2.75 (+4.0%)
Imports to GDP · 58.9% +4.89 (+9.0%)
Trade to GDP · 131.1% +7.63 (+6.2%)
Exports of goods and services · 2,833,996,151.1 +379,090,982 (+15.4%)
Imports of goods and services · 2,313,836,701.12 +403,074,397 (+21.1%)
Trade balance, goods and services (annual) · 6,389,245,855.66 +1,397,587,855 (+28.0%)
Current account balance (annual) · 4,767,338,039.46 +1,973,170,633 (+70.6%)
Foreign direct investment to GDP · -3.6% -2.99 (-464.4%)
Remittances received to GDP · 0.0% -0.03 (-71.4%)
Total reserves, including gold · 3,708,907,022.18 -192,424,619 (-4.9%)
Reserves in months of imports · 4.9 +0.51 (+11.6%)
External debt to GNI · 41.9% -12.40 (-22.8%)

Government

Government — Papua New Guinea
Indicator Value Change
Government debt to GDP · 52.0% -0.37 (-0.7%)
Government revenue to GDP · 16.6% -0.31 (-1.8%)
Government expense to GDP · 20.3% +0.87 (+4.5%)
Tax revenue to GDP · 15.5% -0.39 (-2.5%)
Government budget balance to GDP · -3.3% +1.03 (+23.7%)
Government consumption to GDP · 15.3% +0.06 (+0.4%)
Education spending to GDP · 0.8% +0.14 (+21.6%)
Health spending to GDP · 2.9% +0.26 (+9.8%)

Demography

Demography — Papua New Guinea
Indicator Value Change
Population · 10,762,817 +186,315 (+1.8%)
Population growth · 1.7% -0.04 (-2.0%)
Life expectancy · 66.3 +0.12 (+0.2%)
Fertility rate · 3.07 -0.03 (-0.9%)
Birth rate · 24.3 -0.29 (-1.2%)
Death rate · 6.6 +0.04 (+0.6%)
Urban population share · 15.8% +0.37 (+2.4%)
Population aged 65 and over · 3.6% +0.12 (+3.6%)
Under-five mortality rate · 39.4 -1.20 (-3.0%)
Population density · 23.4 +0.41 (+1.8%)
Net migration · -284 +423.00 (+59.8%)
Gini index · 41.9 -3.90 (-8.5%)

Economies nearby

Comparable readings from neighbouring economies.