Economy in Papua New Guinea

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Papua New Guinea

Official symbols in Papua New Guinea:

         
Flag Papua New GuineaCoat of arms Papua New Guinea


Economy in Papua New Guinea


The continent: Oceania
  
Iso2:PG
  
Iso3:PNG

For country comparisons (the table on the map) colors are used:
 
 Good performance;
 
 The average;
 
 Poor performance

GDP in Papua New Guinea


GDP, PPP

21 412 378 018 current international $[?] (2014)
(descending): 135 in the world of 194 (30,93%); 3 place in Oceania from 14 (85,71%)
32,12 % (6,42 % annual) ↘
min: 4 317 882 519; max: 21 412 378 018; max-min: 17 094 495 499 (79,83%); mid: 12 865 130 269;
8 547 247 750 (39,92%)

GDP

16 928 680 397 current US$[?] (2014)
(descending): 110 in the world of 199 (45,23%); 3 place in Oceania from 14 (85,71%)
42,61 % (8,52 % annual) ↘
min: 230 496 033; max: 16 928 680 397; max-min: 16 698 184 364 (98,64%); mid: 8 579 588 215;
8 349 092 182 (49,32%)

GDP per capita, PPP

2 869 current international $[?] (2014)
(descending): 158 in the world of 194 (19,07%); 11 place in Oceania from 14 (28,57%)
26,01 % (5,20 % annual) ↘
min: 1 038; max: 2 869; max-min: 1 830 (63,80%); mid: 1 954;
915,22 (31,90%)

Reserves in Papua New Guinea


Total reserves

1 758 569 674 current US$[?] (2015)
(descending): 119 in the world of 184 (35,87%); 3 place in Oceania from 9 (77,78%)
77,48 % (15,50 % annual) ↗
min: 31 260 000; max: 4 352 806 377; max-min: 4 321 546 377 (99,28%); mid: 2 192 033 189;
-433 463 515 (-24,65%)

Total reserves

8,78 % of total external debt[?] (2015)
(descending): 113 in the world of 117 (4,27%); 6 place in Oceania from 6 (16,67%)
493,82 % (98,76 % annual) ↗
min: 4,30; max: 148,62; max-min: 144,32 (97,10%); mid: 76,46;
-67,68 (-770,96%)

Total reserves minus gold

1 691 789 674 current US$[?] (2015)
(descending): 118 in the world of 184 (36,41%); 3 place in Oceania from 9 (77,78%)
79,26 % (15,85 % annual) ↗
min: 31 260 000; max: 4 256 353 377; max-min: 4 225 093 377 (99,27%); mid: 2 143 806 689;
-452 017 015 (-26,72%)

Gross savings

30,42 % of GDP[?] (2004)
(2005) (descending): 35 in the world of 170 (80%); 1 place in Oceania from 7 (100%)
6,77 % (1,35 % annual) ↗
min: 10,90; max: 35,15; max-min: 24,25 (68,99%); mid: 23,02;
7,40 (24,31%)

GDP - composition in Papua New Guinea


Household consumption

49,40 %[?] (2015)
(descending): 171 in the world of 198 (14,14%); 11 place in Oceania from 11 (9,09%)

Government consumption

7,80 %[?] (2015)
(descending): 186 in the world of 197 (6,09%); 11 place in Oceania from 11 (9,09%)

Investment in fixed capital

9,90 %[?] (2015)
(descending): 189 in the world of 194 (3,09%); 8 place in Oceania from 8 (12,50%)

investment in inventories

0,400 %[?] (2015)
(descending): 80 in the world of 166 (52,41%); 1 place in Oceania from 3 (100%)

exports of goods and services

68,70 %[?] (2015)
(descending): 23 in the world of 196 (88,78%); 1 place in Oceania from 8 (100%)

imports of goods and services

-36,20 %[?] (2015)
(descending): 75 in the world of 195 (62,05%); 3 place in Oceania from 8 (75%)

GDP - composition by sector of origin in Papua New Guinea


agriculture

22,30 %[?] (2015)
(descending): 41 in the world of 219 (81,74%); 8 place in Oceania from 20 (65%)

industry

37,60 %[?] (2015)
(descending): 34 in the world of 221 (85,07%); 1 place in Oceania from 20 (100%)

services

40,10 %[?] (2015)

GDP growth in Papua New Guinea


GDP growth rate

8,53 annual %[?] (2014)
(descending): 4 in the world of 193 (98,45%); 1 place in Oceania from 14 (100%)
10,07 % (2,01 % annual) ↘
min: -3,90; max: 18,20; max-min: 22,11 (121,45%); mid: 7,15;
1,38 (16,23%)

GDP per capita growth

6,28 annual %[?] (2014)
(descending): 4 in the world of 193 (98,45%); 1 place in Oceania from 14 (100%)
16,34 % (3,27 % annual) ↘
min: -6,40; max: 15,27; max-min: 21,66 (141,89%); mid: 4,44;
1,85 (29,41%)

Costs in Papua New Guinea


Expense

22,09 % of GDP[?] (2002)
(2005) (ascending): 7 in the world of 149 (95,97%); 1 place in Oceania from 6 (100%)
36,00 % (7,20 % annual) ↗
min: 22,09; max: 31,15; max-min: 9,06 (29,08%); mid: 26,62;
-4,53 (-20,50%)

Final consumption expenditure, etc.

66,75 % of GDP[?] (2004)
(2005) (ascending): 38 in the world of 181 (79,56%); 1 place in Oceania from 7 (100%)
8,36 % (1,67 % annual) ↘
min: 60,72; max: 100,95; max-min: 40,22 (39,85%); mid: 80,83;
-14,08 (-21,09%)

Foreign direct investment, net outflows

0,577 % of GDP[?] (2012)
(ascending): 138 in the world of 165 (16,97%); 11 place in Oceania from 11 (9,09%)
99,34 % (19,87 % annual) ↘
min: -0,719; max: 0,925; max-min: 1,64 (177,71%); mid: 0,103;
0,474 (82,12%)

Government expenditure on education, total

7,39 % of GDP[?] (1977)
(1980) (ascending): 104 in the world of 105 (1,90%); 6 place in Oceania from 6 (16,67%)
11,60 % (2,32 % annual) ↘
min: 5,25; max: 7,39; max-min: 2,14 (28,99%); mid: 6,32;
1,07 (14,50%)

Military expenditure

0,664 % of GDP[?] (2014)
(ascending): 18 in the world of 155 (89,03%); 1 place in Oceania from 4 (100%)
28,16 % (5,63 % annual) ↘
min: 0,477; max: 2,13; max-min: 1,66 (77,64%); mid: 1,30;
-0,641 (-96,54%)

Health expenditure

4,26 % of GDP[?] (2014)
(ascending): 23 in the world of 190 (88,42%); 2 place in Oceania from 14 (92,86%)
2,06 % (0,412 % annual) ↘
min: 2,93; max: 8,39; max-min: 5,46 (65,06%); mid: 5,66;
-1,40 (-32,81%)

Income in Papua New Guinea


Tax revenue

21,01 % of GDP[?] (2002)
(2005) (descending): 120 in the world of 149 (20,13%); 5 place in Oceania from 6 (33,33%)
9,70 % (1,94 % annual) ↘
min: 17,73; max: 24,70; max-min: 6,96 (28,19%); mid: 21,21;
-0,202 (-0,960%)

Trade

131,08 % of GDP[?] (2004)
(2005) (descending): 18 in the world of 188 (90,96%); 1 place in Oceania from 11 (100%)
11,95 % (2,39 % annual) ↘
min: 44,13; max: 131,08; max-min: 86,96 (66,34%); mid: 87,60;
43,48 (33,17%)

Trade in services

14,74 % of GDP[?] (2014)
(descending): 177 in the world of 179 (1,68%); 13 place in Oceania from 13 (7,69%)
114,15 % (22,83 % annual) ↗
min: 12,19; max: 36,24; max-min: 24,05 (66,36%); mid: 24,22;
-9,48 (-64,28%)

Merchandise trade

57,12 % of GDP[?] (2014)
(descending): 158 in the world of 188 (16,49%); 11 place in Oceania from 13 (23,08%)
74,62 % (14,92 % annual) ↗
min: 40,50; max: 120,28; max-min: 79,78 (66,33%); mid: 80,39;
-23,27 (-40,73%)

Foreign direct investment, net inflows

-0,180 % of GDP[?] (2014)
(descending): 179 in the world of 188 (5,32%); 12 place in Oceania from 13 (15,38%)
264,67 % (52,93 % annual) ↘
min: -2,41; max: 20,08; max-min: 22,49 (111,98%); mid: 8,84;
-9,02 (5 024%)

Natural resources rents

23,51 % of GDP[?] (2014)
(descending): 18 in the world of 177 (90,40%); 2 place in Oceania from 9 (88,89%)
84,80 % (16,96 % annual) ↗
min: 15,51; max: 53,15; max-min: 37,64 (70,81%); mid: 34,33;
-10,82 (-46,01%)

Public debt

39,40 % GDP[?] (2015)
(ascending): 60 in the world of 178 (66,85%); 6 place in Oceania from 11 (54,55%)