Economy of Papua New Guinea

This book about the economy of Papua New Guinea from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the GDP of Papua New Guinea was equal to $21.2 billion per year; the value of agriculture was $3.9 billion. Since the share in the world is between .01% and .1%, the country is classified as a small economy.

Productivity. In the 2010s, the gross domestic product per capita was $2 643.7, the value of agriculture per capita was $479.9. Since the productivity is less the average below average, the economy is classified as least developed.

Growth. In the 2010s, the growth of GDP was 5.4%; the growth of agriculture was 2.6%.

Structure. In the 2010s, the economy of Papua New Guinea consisted of: services (29.7%), industry (25.9%), agriculture (18.9%), trade (12.6%), construction (8.5%), and transportation (4.3%).

Export and import. In the 2010s, the export was 7.4% higher than the import, the net export was equal to 3.7% of the GDP. The technological structure of export is not better than the structure of import.

Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.