Price level ratio of PPP conversion factor (GDP) to market exchange in Papua New Guinea

Papua New Guinea: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.6293 in 2024. ▲ Rising

Latest (2024)
0.6293
Change on year
down 1.0%
World rank
52nd
of 202 countries
All-time high
0.8709
in 2012
All-time low
0.3737
in 2002
Years of data
35
1990–2024

Price level ratio of PPP conversion factor (GDP) to market exchange in Papua New Guinea, 1990–2024

00.20.40.60.81990200720241990: 0.7611991: 0.791992: 0.7851993: 0.7371994: 0.7531995: 0.6431996: 0.6521997: 0.6381998: 0.5041999: 0.4472000: 0.4542001: 0.3892002: 0.3742003: 0.4232004: 0.4452005: 0.5032006: 0.5422007: 0.5652008: 0.6562009: 0.6082010: 0.6682011: 0.7842012: 0.8712013: 0.8232014: 0.7782015: 0.6772016: 0.6082017: 0.6322018: 0.6562019: 0.6342020: 0.6232021: 0.6562022: 0.7022023: 0.6352024: 0.629

Source: UNESCO Institute for Statistics.

Analysis

In 2024, price level ratio of ppp conversion factor (gdp) to market exchange in Papua New Guinea stood at 0.6293.

Compared with earlier readings it is down 1.0% on the previous year and down 19.1% over ten years.

Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in Papua New Guinea peaked at 0.8709 in 2012 and was at its lowest, 0.3737, in 2002.

That places Papua New Guinea 52nd out of 202 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 35 years of available data.

Price level ratio of PPP conversion factor (GDP) to market exchange in Papua New Guinea, year by year

Annual values for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Papua New Guinea, 1990 to 2024.
Year Value Change
1990 0.761
1991 0.7905 +3.9%
1992 0.7847 -0.7%
1993 0.7369 -6.1%
1994 0.7533 +2.2%
1995 0.6429 -14.7%
1996 0.6517 +1.4%
1997 0.6384 -2.0%
1998 0.5036 -21.1%
1999 0.4473 -11.2%
2000 0.4543 +1.6%
2001 0.3892 -14.3%
2002 0.3737 -4.0%
2003 0.4229 +13.2%
2004 0.4452 +5.3%
2005 0.503 +13.0%
2006 0.5418 +7.7%
2007 0.5647 +4.2%
2008 0.6557 +16.1%
2009 0.6075 -7.4%
2010 0.6684 +10.0%
2011 0.7841 +17.3%
2012 0.8709 +11.1%
2013 0.8234 -5.4%
2014 0.7782 -5.5%
2015 0.6771 -13.0%
2016 0.6076 -10.3%
2017 0.6316 +4.0%
2018 0.6564 +3.9%
2019 0.6344 -3.3%
2020 0.623 -1.8%
2021 0.6557 +5.2%
2022 0.7019 +7.1%
2023 0.6354 -9.5%
2024 0.6293 -1.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.671 0.4473 0.7905 10
2000s 0.4958 0.3737 0.6557 10
2010s 0.7132 0.6076 0.8709 10
2020s 0.6491 0.623 0.7019 5

Countries ranked near Papua New Guinea

  1. 49 United Arab Emirates 0.6334 compare
  2. 50 Estonia 0.6318 compare
  3. 51 Cyprus 0.6312 compare
  4. 53 Malta 0.6286 compare
  5. 54 Japan 0.6283 compare
  6. 55 Samoa 0.6251 compare

See the full ranking of 202 places →

More population data for Papua New Guinea

All data for Papua New Guinea →

Frequently asked questions

What is price level ratio of ppp conversion factor (gdp) to market exchange in Papua New Guinea?
Price level ratio of ppp conversion factor (gdp) to market exchange in Papua New Guinea was 0.6293 in 2024, according to UNESCO Institute for Statistics.
What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Papua New Guinea?
The highest recorded value was 0.8709 in 2012.
What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Papua New Guinea?
The lowest recorded value was 0.3737 in 2002.
How does Papua New Guinea rank for price level ratio of ppp conversion factor (gdp) to market exchange?
Papua New Guinea ranks 52nd out of 202 countries with data for 2024.
Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in Papua New Guinea?
Over the last ten years it is down 19.1%. The long-run trend across the full record is rising.
Where does this Papua New Guinea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.

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Price level ratio of PPP conversion factor (GDP) to market exchange in Papua New Guinea. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 09 September 2026, from https://population.statizoid.com/stat/price-level-ratio-of-ppp-conversion-factor-gdp-to-market-exchange-rate-2/papua-new-guinea/

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About this data

Indicator
Price level ratio of PPP conversion factor (GDP) to market exchange rate
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
202 places, 6,811 data points, 1990–2024
Last refreshed

February 2026 Data Release