Nominal GDP in billions of USD
Year -
$32.54 billions(5.58%)
In 2024, Papua New Guinea witnessed an increase in its Nominal GDP, rising to 32.54 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 51.70 international billion dollars.
Relatedly, in the preceding year of 2023, Papua New Guinea has Nominal GDP stood at 30.82 billion dollars, while the GDP based on PPP was 48.50 international billion dollars.
The net change in Papua New Guinea's GDP (Nominal) in 2024 increased by 1.72 billion dollars(5.58%), and GDP (PPP) increased by 3.20 international billion dollars(6.6%).
| 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 % | 39.01 | 2.28 | 6.21 % |
| 2020 | 23.85 | -0.9 | -3.64 % | 38.28 | -0.73 | -1.87 % |
| 2021 | 26.11 | 2.26 | 9.48 % | 39.82 | 1.54 | 4.02 % |
| 2022 | 31.65 | 5.54 | 21.22 % | 45.09 | 5.27 | 13.23 % |
| 2023 | 30.82 | -0.83 | -2.62 % | 48.5 | 3.41 | 7.56 % |
| 2024 | 32.54 | 1.72 | 5.58 % | 51.7 | 3.2 | 6.6 % |