Nominal GDP in billions of USD
Year -
$30.93 billions(-2.12%)
In 2023, Papua New Guinea witnessed a decrease in its Nominal GDP, falling to 30.93 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 47.59 international billion dollars.
Relatedly, in the preceding year of 2022, Papua New Guinea has Nominal GDP stood at 31.60 billion dollars, while the GDP based on PPP was 44.72 international billion dollars.
The net change in Papua New Guinea's GDP (Nominal) in 2023 decreased by -0.67 billion dollars(-2.12%), and GDP (PPP) increased by 2.87 international billion dollars(6.42%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.23 | - | - | - | - | - |
| 1961 | 0.24 | 0.01 | 4.35 % | - | - | - |
| 1962 | 0.26 | 0.02 | 8.33 % | - | - | - |
| 1963 | 0.28 | 0.02 | 7.69 % | - | - | - |
| 1964 | 0.31 | 0.03 | 10.71 % | - | - | - |
| 1965 | 0.34 | 0.03 | 9.68 % | - | - | - |
| 1966 | 0.39 | 0.05 | 14.71 % | - | - | - |
| 1967 | 0.44 | 0.05 | 12.82 % | - | - | - |
| 1968 | 0.49 | 0.05 | 11.36 % | - | - | - |
| 1969 | 0.55 | 0.06 | 12.24 % | - | - | - |
| 1970 | 0.65 | 0.1 | 18.18 % | - | - | - |
| 1971 | 0.72 | 0.07 | 10.77 % | - | - | - |
| 1972 | 0.86 | 0.14 | 19.44 % | - | - | - |
| 1973 | 1.3 | 0.44 | 51.16 % | - | - | - |
| 1974 | 1.47 | 0.17 | 13.08 % | - | - | - |
| 1975 | 1.36 | -0.11 | -7.48 % | - | - | - |
| 1976 | 1.51 | 0.15 | 11.03 % | - | - | - |
| 1977 | 1.64 | 0.13 | 8.61 % | - | - | - |
| 1978 | 1.95 | 0.31 | 18.9 % | - | - | - |
| 1979 | 2.29 | 0.34 | 17.44 % | - | - | - |
| 1980 | 2.55 | 0.26 | 11.35 % | - | - | - |
| 1981 | 2.5 | -0.05 | -1.96 % | - | - | - |
| 1982 | 2.37 | -0.13 | -5.2 % | - | - | - |
| 1983 | 2.56 | 0.19 | 8.02 % | - | - | - |
| 1984 | 2.55 | -0.01 | -0.39 % | - | - | - |
| 1985 | 2.42 | -0.13 | -5.1 % | - | - | - |
| 1986 | 2.65 | 0.23 | 9.5 % | - | - | - |
| 1987 | 3.14 | 0.49 | 18.49 % | - | - | - |
| 1988 | 3.66 | 0.52 | 16.56 % | - | - | - |
| 1989 | 3.55 | -0.11 | -3.01 % | - | - | - |
| 1990 | 3.22 | -0.33 | -9.3 % | 6.64 | - | - |
| 1991 | 3.79 | 0.57 | 17.7 % | 7.52 | 0.88 | 13.25 % |
| 1992 | 4.38 | 0.59 | 15.57 % | 8.75 | 1.23 | 16.36 % |
| 1993 | 4.97 | 0.59 | 13.47 % | 10.59 | 1.84 | 21.03 % |
| 1994 | 5.5 | 0.53 | 10.66 % | 11.46 | 0.87 | 8.22 % |
| 1995 | 4.64 | -0.86 | -15.64 % | 11.31 | -0.15 | -1.31 % |
| 1996 | 5.16 | 0.52 | 11.21 % | 12.41 | 1.1 | 9.73 % |
| 1997 | 4.94 | -0.22 | -4.26 % | 12.13 | -0.28 | -2.26 % |
| 1998 | 3.79 | -1.15 | -23.28 % | 11.8 | -0.33 | -2.72 % |
| 1999 | 3.48 | -0.31 | -8.18 % | 12.19 | 0.39 | 3.31 % |
| 2000 | 3.52 | 0.04 | 1.15 % | 12.16 | -0.03 | -0.25 % |
| 2001 | 3.08 | -0.44 | -12.5 % | 12.42 | 0.26 | 2.14 % |
| 2002 | 3 | -0.08 | -2.6 % | 12.59 | 0.17 | 1.37 % |
| 2003 | 3.54 | 0.54 | 18 % | 13.12 | 0.53 | 4.21 % |
| 2004 | 3.93 | 0.39 | 11.02 % | 13.84 | 0.72 | 5.49 % |
| 2005 | 4.87 | 0.94 | 23.92 % | 15.18 | 1.34 | 9.68 % |
| 2006 | 8.35 | 3.48 | 71.46 % | 16.49 | 1.31 | 8.63 % |
| 2007 | 9.55 | 1.2 | 14.37 % | 18.26 | 1.77 | 10.73 % |
| 2008 | 11.67 | 2.12 | 22.2 % | 18.56 | 0.3 | 1.64 % |
| 2009 | 11.62 | -0.05 | -0.43 % | 19.94 | 1.38 | 7.44 % |
| 2010 | 14.25 | 2.63 | 22.63 % | 22.23 | 2.29 | 11.48 % |
| 2011 | 17.99 | 3.74 | 26.25 % | 22.94 | 0.71 | 3.19 % |
| 2012 | 21.3 | 3.31 | 18.4 % | 24.45 | 1.51 | 6.58 % |
| 2013 | 21.26 | -0.04 | -0.19 % | 25.82 | 1.37 | 5.6 % |
| 2014 | 23.21 | 1.95 | 9.17 % | 29.83 | 4.01 | 15.53 % |
| 2015 | 21.72 | -1.49 | -6.42 % | 32.09 | 2.26 | 7.58 % |
| 2016 | 20.76 | -0.96 | -4.42 % | 34.17 | 2.08 | 6.48 % |
| 2017 | 22.74 | 1.98 | 9.54 % | 36.01 | 1.84 | 5.38 % |
| 2018 | 24.11 | 1.37 | 6.02 % | 36.73 | 0.72 | 2 % |
| 2019 | 24.75 | 0.64 | 2.65 % | 39.02 | 2.29 | 6.23 % |
| 2020 | 23.85 | -0.9 | -3.64 % | 38.28 | -0.74 | -1.9 % |
| 2021 | 26.11 | 2.26 | 9.48 % | 39.73 | 1.45 | 3.79 % |
| 2022 | 31.6 | 5.49 | 21.03 % | 44.72 | 4.99 | 12.56 % |
| 2023 | 30.93 | -0.67 | -2.12 % | 47.59 | 2.87 | 6.42 % |