The Gross Domestic Product (GDP) in Papua New Guinea contracted 3.80 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Bank of Papua New Guinea
GDP Annual Growth Rate in Papua New Guinea averaged 3.04 percent from 1995 until 2020, reaching an all time high of 13.50 percent in 2014 and a record low of -6.34 percent in 1997. 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 - values, historical data and charts - was last updated on July of 2022.
GDP Annual Growth Rate in Papua New Guinea is expected to reach 1.60 percent by the end of 2021, 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 4.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.