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PG

Papua New Guinea

PG Β· PNG Β· #54 Β· 10 cities

Nomad score 31/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$5,863
GDP (2031)
$42.8B
GDP growth (2031)
3.1% β†’
Inflation (2031)
4.5% β†’
Unemployment (2025)
2.6% ↓
Population (2031)
14.5M
Population growth (2031)
2.1% β†’
Gini index (2009)
41.9
Government debt (2031)
34.4% of GDP
Current account (2031)
10.4% of GDP
FDI inflows (2024)
-$198.3M
Life expectancy (2024)
66.3 yrs
Health spending (2023)
2.9% of GDP
Internet users (2024)
18.8%
Mobile subscriptions (2024)
38.8/100
Exchange rate (2025)
4.12/USD
Foreign reserves (2024)
$3.7B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
34.4% of GDP
Current account (2031)
10.4% of GDP
FDI inflows (2024)
-$198.3M

Income inequality (Gini)

Gini index (2009)
0.42
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2020)
0.67/1k
Tax revenue (2024)
15.5% of GDP
Services sector (2024)
42.0% of GDP

Financial access and costs

ATMs per 100k (2022)
7.3
Bank branches per 100k (2022)
1.4
ICT service exports (2024)
0.3%
Goods and services tax (2024)
5.7%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $42.8B $5,863 3.1% 4.5% - 14.5M - 34.4% 10.4% - - - - -
2030 * $40.3B $5,640 3.1% 4.5% - 14.2M - 37.2% 10.5% - - - - -
2029 * $38.3B $5,478 3.1% 4.5% - 13.9M - 40.1% 10.7% - - - - -
2028 * $36.7B $5,346 3.2% 4.5% - 13.6M - 43.2% 11.4% - - - - -
2027 * $35.0B $5,209 3.8% 4.4% - 13.3M - 46.4% 11.6% - - - - -
2026 * $34.4B $5,230 3.8% 5.0% - 13.1M - 49.2% 13.7% - - - - -
2025 $32.5B $5,215 5.6% 4.4% 2.6% 12.8M - 52.1% 14.7% - - - - 4.12
2024 $30.8B $4,887 3.9% 0.6% 2.6% 12.5M - 53.3% 15.6% -$198.3M 66.3 - 18.8% 3.85
2023 $30.7B $4,672 3.8% 2.3% 2.7% 12.3M - 53.9% 9.1% $43.3M 66.1 2.9% 18.6% 3.59
2022 $31.7B $4,419 5.7% 5.3% 2.7% 12.0M - 48.2% 14.4% $1.2B 65.3 2.6% 18.3% 3.52
2021 $26.1B $3,977 -0.5% 4.5% 3.0% 11.8M - 52.6% 12.6% -$34.4M 64.4 2.3% 16.6% 3.51
2020 $23.8B $3,900 -3.2% 4.9% 2.9% 11.2M - 48.7% 14.4% $113.0M 65.1 2.3% 15.0% 3.46
2019 $24.8B $4,060 4.5% 3.9% 2.7% 10.7M - 38.2% 14.4% $335.6M 65.3 2.3% 13.6% 3.39
2018 $24.1B $3,910 -0.3% 4.4% 2.7% 10.2M - 36.7% 13.6% $306.6M 65.1 2.3% 12.4% 3.29
2017 $22.7B $3,923 3.5% 5.4% 2.6% 9.7M - 32.5% 15.9% -$179.3M 64.9 2.2% 11.2% 3.19
2016 $20.8B $3,813 5.5% 6.7% 2.5% 9.2M - 33.7% 13.6% -$39.1M 64.7 2.3% 9.6% 3.13
2015 $21.7B $3,670 6.6% 6.0% 2.5% 8.8M - 29.9% 11.1% $30.0M 64.5 1.8% 7.9% 2.77
2014 $23.2B $3,500 13.5% 5.2% 2.5% 8.4M - 26.9% 12.4% $29.4M 64.2 3.3% 6.5% 2.46
2013 $21.3B $3,110 3.8% 5.0% 2.7% 8.0M - 24.9% -23.9% $26.8M 63.9 3.0% 5.1% 2.24
2012 $21.3B $3,026 4.7% 4.5% 2.6% 7.6M - 19.1% -20.0% $28.8M 63.6 2.7% 3.5% 2.08
2011 $18.0B $2,919 1.1% 4.4% 2.6% 7.3M - 16.3% -9.6% $36.4M 63.4 2.3% 2.0% 2.37
2010 $14.3B $2,912 10.1% 5.1% 2.0% 6.7M - 17.3% -9.9% $35.6M 63.1 2.1% 1.3% 2.72
2009 $11.6B $2,692 6.8% 6.9% 2.1% 6.3M 41.9 21.7% -11.0% $420.0M 62.8 2.3% 1.6% 2.76
2008 $11.7B $2,583 -0.3% 10.8% 2.2% 6.2M - 21.6% 5.4% $47.9M 62.5 2.1% 1.2% 2.70
2007 $9.5B $2,622 7.8% 0.9% 2.2% 6.1M - 22.2% 2.5% $130.6M 62.2 2.4% 1.8% 2.97
2006 $8.4B $2,444 2.5% 2.4% 2.3% 5.9M - 26.0% -1.2% $128.5M 62.0 2.4% 1.8% 3.06
2005 $7.3B $2,322 4.3% 1.8% 2.4% 5.8M - 31.6% 8.5% $40.0M 61.9 2.5% 1.7% 3.10
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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