Papua New Guinea 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$30.73 billion
↓ 2.90% vs 2022GDP per Capita
$2,957.68
↓ 4.64% vs 2022GDP Growth (Annual %)
3.04%
↓ 2.67pp vs 2022Inflation Rate (CPI %)
2.30%
↓ 2.95pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $31.65 billion | $30.73 billion | -2.90% |
| GDP per Capita | $3,101.71 | $2,957.68 | -4.64% |
| GDP Growth (Annual %) | 5.71% | 3.04% | -2.67pp |
| Inflation (CPI %) | 5.25% | 2.30% | -2.95pp |
| Unemployment Rate (%) | 2.69% | 2.66% | -0.03pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $30.73 billion
- GDP per Capita
- $2,957.68
- GDP Growth (Annual %)
- 3.04%
- Gross National Income
- $28.82 billion
Prices & Employment
- Inflation (CPI %)
- 2.30%
- Inflation (GDP Deflator %)
- -3.62%
- Unemployment Rate (%)
- 2.66%
- Interest Rate (Real %)
- 12.41%
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)
- 13.61%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Papua New Guinea's Gross Domestic Product (GDP) is $30.73 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Papua New Guinea for 2023 is $2,957.68. 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 2023 is 2.30%. This measures the annual percentage change in the cost of consumer goods and services.
Papua New Guinea's annual GDP growth rate for 2023 is 3.04%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Papua New Guinea for 2023 is 2.66%. This represents the percentage of the labor force that is unemployed and actively seeking employment.