GDP (current LCU), annual growth rate in Papua New Guinea
Papua New Guinea: GDP (current LCU), annual growth rate was 12.37 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Papua New Guinea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded 12.37 % change on previous year for gdp (current lcu), annual growth rate in 2024.
The figure is up 1,875.1% on the previous year and down 37.3% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Papua New Guinea peaked at 69.2 % change on previous year in 2006 and was at its lowest, -3.92 % change on previous year, in 1989.
That places Papua New Guinea 47th out of 211 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.92 % change on previous year | — |
| 1972 | 13.18 % change on previous year | +32.8% |
| 1973 | 27.56 % change on previous year | +109.1% |
| 1974 | 11.76 % change on previous year | -57.3% |
| 1975 | 1.37 % change on previous year | -88.4% |
| 1976 | 15.66 % change on previous year | +1043.6% |
| 1977 | 8.33 % change on previous year | -46.8% |
| 1978 | 6.35 % change on previous year | -23.9% |
| 1979 | 18.23 % change on previous year | +187.2% |
| 1980 | 4.62 % change on previous year | -74.6% |
| 1981 | -1.57 % change on previous year | -134.1% |
| 1982 | 4.04 % change on previous year | -356.8% |
| 1983 | 22.48 % change on previous year | +455.9% |
| 1984 | 7.06 % change on previous year | -68.6% |
| 1985 | 5.69 % change on previous year | -19.4% |
| 1986 | 6.11 % change on previous year | +7.5% |
| 1987 | 10.96 % change on previous year | +79.3% |
| 1988 | 11.06 % change on previous year | +0.9% |
| 1989 | -3.92 % change on previous year | -135.5% |
| 1990 | 1 % change on previous year | -125.5% |
| 1991 | 17.21 % change on previous year | +1618.5% |
| 1992 | 17.12 % change on previous year | -0.5% |
| 1993 | 15.25 % change on previous year | -10.9% |
| 1994 | 13.63 % change on previous year | -10.7% |
| 1995 | 12.01 % change on previous year | -11.8% |
| 1996 | 9.69 % change on previous year | -19.4% |
| 1997 | 4.19 % change on previous year | -56.7% |
| 1998 | 10.23 % change on previous year | +143.9% |
| 1999 | 13.13 % change on previous year | +28.4% |
| 2000 | 10.28 % change on previous year | -21.7% |
| 2001 | 6.78 % change on previous year | -34.0% |
| 2002 | 12.11 % change on previous year | +78.5% |
| 2003 | 7.82 % change on previous year | -35.4% |
| 2004 | 0.6748 % change on previous year | -91.4% |
| 2005 | 19.3 % change on previous year | +2760.3% |
| 2006 | 69.2 % change on previous year | +258.5% |
| 2007 | 10.83 % change on previous year | -84.4% |
| 2008 | 11.33 % change on previous year | +4.7% |
| 2009 | 1.59 % change on previous year | -86.0% |
| 2010 | 21.05 % change on previous year | +1224.3% |
| 2011 | 10.04 % change on previous year | -52.3% |
| 2012 | 4.06 % change on previous year | -59.6% |
| 2013 | 7.55 % change on previous year | +86.1% |
| 2014 | 19.72 % change on previous year | +161.2% |
| 2015 | 5.27 % change on previous year | -73.3% |
| 2016 | 8.15 % change on previous year | +54.7% |
| 2017 | 11.51 % change on previous year | +41.3% |
| 2018 | 9.49 % change on previous year | -17.5% |
| 2019 | 5.59 % change on previous year | -41.1% |
| 2020 | -1.58 % change on previous year | -128.3% |
| 2021 | 11.02 % change on previous year | -795.7% |
| 2022 | 21.59 % change on previous year | +95.9% |
| 2023 | -0.6966 % change on previous year | -103.2% |
| 2024 | 12.37 % change on previous year | -1875.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 12.37 % change on previous year is above the median for lower middle income countries, which is 9.89 % change on previous year, 1.2× the median. (47 countries reporting)
- Papua New Guinea's 12.37 % change on previous year is above the median for East Asia & Pacific, which is 7.63 % change on previous year, 1.6× the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +2760.3% | 0.6748 % change on previous year | 19.3 % change on previous year |
| 2024 | +1875.1% | -0.6966 % change on previous year | 12.37 % change on previous year |
| 1991 | +1618.5% | 1 % change on previous year | 17.21 % change on previous year |
| 2010 | +1224.3% | 1.59 % change on previous year | 21.05 % change on previous year |
| 1976 | +1043.6% | 1.37 % change on previous year | 15.66 % change on previous year |
| 2021 | +795.7% | -1.58 % change on previous year | 11.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.48 % change on previous year | 1.37 % change on previous year | 27.56 % change on previous year | 9 |
| 1980s | 6.65 % change on previous year | -3.92 % change on previous year | 22.48 % change on previous year | 10 |
| 1990s | 11.35 % change on previous year | 1 % change on previous year | 17.21 % change on previous year | 10 |
| 2000s | 14.99 % change on previous year | 0.6748 % change on previous year | 69.2 % change on previous year | 10 |
| 2010s | 10.24 % change on previous year | 4.06 % change on previous year | 21.05 % change on previous year | 10 |
| 2020s | 8.54 % change on previous year | -1.58 % change on previous year | 21.59 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 44 Kazakhstan 13.24 % change on previous year compare
- 45 Belarus 13.13 % change on previous year compare
- 46 Rwanda 12.99 % change on previous year compare
- 48 Madagascar 12.15 % change on previous year compare
- 49 Vietnam 11.55 % change on previous year compare
- 50 Bangladesh 11.4 % change on previous year compare
More population data for Papua New Guinea
- Population regions with projections, annual growth rate 0.0564 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -0.3478 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0564 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.0669 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 14,910 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.58 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5424 % change on previous year (2100)
- World population growth 0.0% (2100)
- Population density 41.16 people per km² (2100)
- Number of children under 5, by world region 1.15 million people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Papua New Guinea?
- Gdp (current lcu), annual growth rate in Papua New Guinea was 12.37 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 69.2 % change on previous year in 2006.
- What is the lowest gdp (current lcu), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -3.92 % change on previous year in 1989.
- How does Papua New Guinea rank for gdp (current lcu), annual growth rate?
- Papua New Guinea ranks 47th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 37.3%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.