Gross value added at basic prices (GVA) in Papua New Guinea
Papua New Guinea: Gross value added at basic prices (GVA) was 29.42 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Papua New Guinea, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Papua New Guinea stood at 29.42 billion current US$.
That represents a change of up 0.2% on the previous year and up 33.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Papua New Guinea peaked at 30.43 billion current US$ in 2022 and was at its lowest, 224.78 million current US$, in 1960.
That places Papua New Guinea 110th out of 206 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 340.68 million current US$ | 224.78 million current US$ | 526.85 million current US$ | 10 |
| 1970s | 1.30 billion current US$ | 613.65 million current US$ | 2.16 billion current US$ | 10 |
| 1980s | 2.58 billion current US$ | 2.19 billion current US$ | 3.33 billion current US$ | 10 |
| 1990s | 4.17 billion current US$ | 3.02 billion current US$ | 5.26 billion current US$ | 10 |
| 2000s | 6.23 billion current US$ | 2.85 billion current US$ | 11.30 billion current US$ | 9 |
| 2010s | 20.35 billion current US$ | 13.81 billion current US$ | 23.64 billion current US$ | 10 |
| 2020s | 27.41 billion current US$ | 22.85 billion current US$ | 30.43 billion current US$ | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- DEC alternative conversion factor 4.12 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 931.74 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 226.00 million current US$ (2025)
- Taxes less subsidies on products 5.32 billion current LCU (2024)
- Taxes less subsidies on products 1.38 billion current US$ (2024)
- Net primary income (Net income from abroad) -9.64 billion current LCU (2025)
- Net primary income (Net income from abroad) -2.34 billion current US$ (2025)
- GNI per capita 11,553 current LCU (2025)
- GNI per capita, Atlas method 2,890 current US$ (2025)
- GNI 124.34 billion current LCU (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Papua New Guinea?
- Gross value added at basic prices (gva) in Papua New Guinea was 29.42 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The highest recorded value was 30.43 billion current US$ in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Papua New Guinea?
- The lowest recorded value was 224.78 million current US$ in 1960.
- How does Papua New Guinea rank for gross value added at basic prices (gva)?
- Papua New Guinea ranks 110th out of 206 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Papua New Guinea?
- Over the last ten years it is up 33.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.