GDP Growth Rate
Year -
2.68%
In 2023, Papua New Guinea experienced a significant a decrease in its GDP growth rate, which fall to 2.68% from 5.17% in 2022. Additionally, the GDP per capita growth rate in Papua New Guinea decrease to 0.82% in 2023, compared to 3.16% in 2022.
In 2023, Papua New Guinea experienced a decrease in economic performance, with the GDP growth rate falling by 2.49%. Additionally, the GDP per capita growth rate decrease by 2.34%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 6.18% | 6.18% | 3.57% | 3.57% |
| 1962 | 6.37% | 0.19% | 3.98% | 0.41% |
| 1963 | 4.07% | -2.30% | 1.79% | -2.19% |
| 1964 | 8.57% | 4.50% | 6.27% | 4.48% |
| 1965 | 10.27% | 1.70% | 7.95% | 1.68% |
| 1966 | 5.81% | -4.46% | 3.52% | -4.43% |
| 1967 | 4.07% | -1.74% | 1.78% | -1.74% |
| 1968 | 4.36% | 0.29% | 2.04% | 0.26% |
| 1969 | 8.27% | 3.91% | 5.8% | 3.76% |
| 1970 | 10.84% | 2.57% | 8.25% | 2.45% |
| 1971 | 6.3% | -4.54% | 3.78% | -4.47% |
| 1972 | 5.64% | -0.66% | 3.16% | -0.62% |
| 1973 | 6.53% | 0.89% | 4.08% | 0.92% |
| 1974 | 2.61% | -3.92% | 0.31% | -3.77% |
| 1975 | -0.88% | -3.49% | -3.05% | -3.36% |
| 1976 | -3.39% | -2.51% | -5.46% | -2.41% |
| 1977 | 0.83% | 4.22% | -1.3% | 4.16% |
| 1978 | 8.55% | 7.72% | 6.29% | 7.59% |
| 1979 | 1.83% | -6.72% | -0.25% | -6.54% |
| 1980 | -2.3% | -4.13% | -4.28% | -4.03% |
| 1981 | -0.27% | 2.03% | -2.3% | 1.98% |
| 1982 | 0.35% | 0.62% | -1.7% | 0.60% |
| 1983 | 3.22% | 2.87% | 1.09% | 2.79% |
| 1984 | -0.35% | -3.57% | -2.45% | -3.54% |
| 1985 | 4% | 4.35% | 1.79% | 4.24% |
| 1986 | 4.69% | 0.69% | 2.45% | 0.66% |
| 1987 | 2.77% | -1.92% | 0.56% | -1.89% |
| 1988 | 2.91% | 0.14% | 0.69% | 0.13% |
| 1989 | -1.42% | -4.33% | -3.63% | -4.32% |
| 1990 | -3.01% | -1.59% | -5.54% | -1.91% |
| 1991 | 9.55% | 12.56% | 6.09% | 11.63% |
| 1992 | 13.85% | 4.30% | 9.84% | 3.75% |
| 1993 | 18.2% | 4.35% | 13.93% | 4.09% |
| 1994 | 5.94% | -12.26% | 2.13% | -11.80% |
| 1995 | -3.31% | -9.25% | -6.76% | -8.89% |
| 1996 | 7.73% | 11.04% | 3.92% | 10.68% |
| 1997 | -3.9% | -11.63% | -7.29% | -11.21% |
| 1998 | -3.77% | 0.13% | -7.11% | 0.18% |
| 1999 | 1.86% | 5.63% | -1.64% | 5.47% |
| 2000 | -2.49% | -4.35% | -5.8% | -4.16% |
| 2001 | -0.12% | 2.37% | -3.45% | 2.35% |
| 2002 | -0.16% | -0.04% | -3.45% | 0.00% |
| 2003 | 2.16% | 2.32% | -1.16% | 2.29% |
| 2004 | 2.72% | 0.56% | -0.58% | 0.58% |
| 2005 | 6.34% | 3.62% | 2.98% | 3.56% |
| 2006 | 5.41% | -0.93% | 2.12% | -0.86% |
| 2007 | 7.82% | 2.41% | 4.5% | 2.38% |
| 2008 | -0.3% | -8.12% | -3.33% | -7.83% |
| 2009 | 6.8% | 7.10% | 3.59% | 6.92% |
| 2010 | 10.13% | 3.33% | 6.87% | 3.28% |
| 2011 | 1.11% | -9.02% | -1.79% | -8.66% |
| 2012 | 4.66% | 3.55% | 1.79% | 3.58% |
| 2013 | 3.82% | -0.84% | 1.07% | -0.72% |
| 2014 | 13.54% | 9.72% | 10.61% | 9.54% |
| 2015 | 6.58% | -6.96% | 3.9% | -6.71% |
| 2016 | 5.49% | -1.09% | 2.92% | -0.98% |
| 2017 | 3.53% | -1.96% | 1.09% | -1.83% |
| 2018 | -0.28% | -3.81% | -2.57% | -3.66% |
| 2019 | 4.48% | 4.76% | 2.15% | 4.72% |
| 2020 | -3.17% | -7.65% | -5.22% | -7.37% |
| 2021 | -0.78% | 2.39% | -2.77% | 2.45% |
| 2022 | 5.17% | 5.95% | 3.16% | 5.93% |
| 2023 | 2.68% | -2.49% | 0.82% | -2.34% |