The Gross Domestic Product (GDP) in Papua New Guinea expanded 2.20 percent in 2017 from the previous year. GDP Annual Growth Rate in Papua New Guinea averaged 4.03 percent from 1995 until 2017, reaching an all time high of 13.30 percent in 2014 and a record low of -6.34 percent in 1997.

GDP Annual Growth Rate in Papua New Guinea is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea GDP Annual Growth Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

Papua New Guinea GDP Annual Growth Rate
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Papua New Guinea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.20 2.00 12.50 -6.34 percent [+]
GDP 21.09 19.90 23.06 0.23 USD Billion [+]
GDP per capita 2401.60 2398.20 2402.50 1135.90 USD [+]
GDP per capita PPP 3823.20 3817.80 3824.70 2373.50 USD [+]


Papua New Guinea GDP Annual Growth Rate

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.00 12.50 -6.34 1995 - 2017 percent Yearly




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