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GDP Growth in Papua New Guinea

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Papua New Guinea's GDP growth amounted to 9.48 % in 2015 according to the the National Statistical Office. This is 4.02 % less than in the previous year (13.5 %).

Historically, GDP growth in Papua New Guinea reached an all time high of 13.8 % in 1992 and an all time low of -6.34 % in 1997. When compared to Papua New Guinea's main peers, GDP growth in Australia amounted to 2.31 %, 4.88 % in Indonesia, 4.11 % in New Zealand and 6.35 % in Philippines in 2015.

Papua New Guinea has been ranked 4th within the group of 174 countries we follow in terms of GDP growth, 100 places above the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.

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