Papua New Guinea 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$23.85 billion
↓ 3.65% vs 2019GDP per Capita
$2,429.61
↓ 5.67% vs 2019GDP Growth (Annual %)
-3.17%
↓ 7.65pp vs 2019Inflation Rate (CPI %)
4.87%
↑ 0.94pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $24.75 billion | $23.85 billion | -3.65% |
| GDP per Capita | $2,575.77 | $2,429.61 | -5.67% |
| GDP Growth (Annual %) | 4.48% | -3.17% | -7.65pp |
| Inflation (CPI %) | 3.93% | 4.87% | +0.94pp |
| Unemployment Rate (%) | 2.63% | 2.88% | +0.25pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $23.85 billion
- GDP per Capita
- $2,429.61
- GDP Growth (Annual %)
- -3.17%
- Gross National Income
- $23.10 billion
Prices & Employment
- Inflation (CPI %)
- 4.87%
- Inflation (GDP Deflator %)
- 1.63%
- Unemployment Rate (%)
- 2.88%
- Interest Rate (Real %)
- 5.97%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 14.34%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Papua New Guinea's Gross Domestic Product (GDP) is $23.85 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Papua New Guinea for 2020 is $2,429.61. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Papua New Guinea for 2020 is 4.87%. This measures the annual percentage change in the cost of consumer goods and services.
Papua New Guinea's annual GDP growth rate for 2020 is -3.17%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Papua New Guinea for 2020 is 2.88%. This represents the percentage of the labor force that is unemployed and actively seeking employment.