Papua New Guinea GDP Annual Growth Rate  1995-2017 | Data | Chart

The Gross Domestic Product (GDP) in Papua New Guinea is expected to expand 2.60 percent in 2016 from the previous year. GDP Annual Growth Rate in Papua New Guinea averaged 4.14 percent from 1995 until 2016, reaching an all time high of 13.30 percent in 2014 and a record low of -6.34 percent in 1997.

Papua New Guinea GDP Annual Growth Rate
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Papua New Guinea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.60 9.90 13.30 -6.34 percent [+]
GDP 16.93 15.41 16.93 0.23 USD Billion [+]
GDP per capita 1783.69 1678.23 1783.69 790.01 USD [+]
GDP per capita PPP 2723.49 2562.47 2723.49 1038.48 USD [+]

Papua New Guinea GDP Annual Growth Rate Notes

Papua New Guinea, one of the poorest and most isolated countries in the world, has been growing consistently in recent years. Papua New Guinea is rich in natural resources, such as oil, gold and copper. Natural resource extraction, the most important sector of the economy, accounts for 60 percent of GDP and a large share of government revenues. Agriculture is also important, since it employs up to 85 percent of the population. Revenues from natural resource exploitation have resulted in high government spending and a construction boom. Yet, as the country suffers from endemic corruption and lacks a functioning legal system, inequality has been increasing. This page provides - Papua New Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 9.90 13.30 -6.34 1995 - 2016 percent Yearly

gdp annual growth rate by Country

China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
Switzerland 1.10 Mar/17
France 1.00 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17