Key data points
Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
32.54 B USD on Dec 31, 2024
Lowest
230.00 M USD on Dec 31, 1960
About Papua New Guinea GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Papua New Guinea GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2024 Papua New Guinea GDP was 32.54 B USD, and the year before it reached 30.82 B USD.
Papua New Guinea GDP accounts for 0.03% of the world GDP.
In 2024 Papua New Guinea GDP Per Capita was 2.57 K USD, and in 2023 it reached 2.52 K USD. GDP per capita is gross domestic product divided by a country's population.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Papua New Guinea GDP has ever reached is 32.54 B USD.
The lowest ever value Papua New Guinea GDP has reached is 230 M USD.