Papua New Guinea 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$31.23 billion
↑ 1.62% vs 2023GDP per Capita
$3,005.45
↑ 1.62% vs 2023GDP Growth (Annual %)
1.62%
↓ 1.42pp vs 2023Inflation Rate (CPI %)
0.60%
↓ 1.70pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $30.73 billion | $31.23 billion | +1.62% |
| GDP per Capita | $2,957.68 | $3,005.45 | +1.62% |
| GDP Growth (Annual %) | 3.04% | 1.62% | -1.42pp |
| Inflation (CPI %) | 2.30% | 0.60% | -1.70pp |
| Unemployment Rate (%) | 2.66% | 2.74% | +0.08pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $31.23 billion
- GDP per Capita
- $3,005.45
- GDP Growth (Annual %)
- 1.62%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 0.60%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 2.74%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Papua New Guinea's Gross Domestic Product (GDP) is $31.23 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Papua New Guinea for 2024 is $3,005.45. 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 2024 is 0.60%. This measures the annual percentage change in the cost of consumer goods and services.
Papua New Guinea's annual GDP growth rate for 2024 is 1.62%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Papua New Guinea for 2024 is 2.74%. This represents the percentage of the labor force that is unemployed and actively seeking employment.