Economic Trivia

Papua New Guinea contains almost 155 billion cubic meters of natural gas reserves, providing for a huge export opportunity for the country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2012): and Solomon Islands
Top 3 Exported Goods (2012): Precious Stones & Metals, Ores, and Fats & Oils

Top Industries Source: CIA World Factbook

Copra Crushing; Palm Oil Processing; Plywood Production; Wood Chip Production

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $38,708,754,088 (2020)
GDP Growth Rate (annual %) -3.879% (2020)
GDP Per Capita, PPP (current international) $4,326 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 123/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.638% (2019)
External debt stocks, total (DOD, current US$) $18,740,421,524 (2019)
Total tax rate (% of commercial profits) 37.1% (2019)
Real Interest Rate (5 year average %) 8.585% (2019)
Manufacturing, value added (% of GDP) 1.724% (2018)
Current Account Balance (BoP, current US$) $5,450,798,954 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,710,350 (2020)
Employment in Agriculture (% of total employment) 57.766% (2020)
Employment in Industry (% of total employment) 6.686% (2020)
Employment in Services (% of total employment) 35.548% (2020)
Unemployment Rate 2.74% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $7,485,533,590 (2012)
Exports of goods and services (current US$) $7,982,866,986 (2012)
Total Merchandise Trade (% of GDP) 47.67% (2020)
FDI, net inflows (BoP, current US$) $333,974,905 (2019)
Commercial Service Exports (current US$) $355,561,586 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Papua New Guinea’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank