Labor force | 3.229 million (2023 est.) |
---|---|
Industrial production growth rate | 6.61% (2022 est.) |
Industries | oil and gas; mining (gold, copper, and nickel); palm oil processing; plywood and wood chip production; copra crushing; construction; tourism; fishing; livestock (pork, poultry, cattle) and dairy farming; spice products (turmeric, vanilla, ginger, cardamom, chili, pepper, citronella, and nutmeg) |
Population below poverty line | |
Taxes and other revenues | 14.79% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | kina (PGK) per US dollar - |
Exchange rates 2022 | 3.519 (2022 est.) |
Exchange rates 2021 | 3.509 (2021 est.) |
Exchange rates 2020 | 3.46 (2020 est.) |
Exchange rates 2019 | 3.388 (2019 est.) |
Exchange rates 2018 | 3.293 (2018 est.) |
Debt - external | |
Debt - external 2022 | $6.35 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2022 | $3.983 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $3.24 billion (2021 est.) |
Reserves of foreign exchange and gold 2020 | $2.686 billion (2020 est.) |
Current account balance | |
Current account balance 2021 | $4.499 billion (2021 est.) |
Current account balance 2020 | $3.419 billion (2020 est.) |
Current account balance 2019 | $3.559 billion (2019 est.) |
Public debt | |
Public debt 2022 | 48.26% of GDP (2022 est.) |
Budget | |
Revenues | $5.268 billion (2022 est.) |
Expenditures | $6.156 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.01% of GDP (2023 est.) |
Remittances 2022 | 0.01% of GDP (2022 est.) |
Remittances 2021 | 0.05% of GDP (2021 est.) |
Imports | |
Imports 2021 | $6.303 billion (2021 est.) |
Imports 2020 | $5.282 billion (2020 est.) |
Imports 2019 | $6.329 billion (2019 est.) |
Imports (partners) | China 26%, Australia 23%, Singapore 16%, Malaysia 9%, Indonesia 4% (2022) |
Comodities Imports force | refined petroleum, rice, plastic products, excavation machinery, trucks (2022) |
Exports | |
Imports 2021 | $6.303 billion (2021 est.) |
Imports 2020 | $5.282 billion (2020 est.) |
Imports 2019 | $6.329 billion (2019 est.) |
Exports (partners) | Japan 26%, China 22%, Australia 11%, South Korea 10%, Taiwan 9% (2022) |
Comodities Exports force | natural gas, gold, palm oil, crude petroleum, copper ore (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $42.9 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $41.779 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $39.728 billion (2021 est.) |
GDP (official exchange rate) | $30.932 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $4,200 (2023 est.) |
Real GDP per capita 2022 | $4,100 (2022 est.) |
Real GDP per capita 2021 | $4,000 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 16.9% (2022 est.) |
Industry | 40.3% (2022 est.) |
Services | 39% (2022 est.) |
GDP - composition, by end use | |
Household consumption | 43.7% (2017 est.) |
Government consumption | 19.7% (2017 est.) |
Investment in fixed capital | 10% (2017 est.) |
Investment in inventories | 0.4% (2017 est.) |
Exports of goods and services | 49.3% (2017 est.) |
Imports of goods and services | -22.3% (2017 est.) |
Unemployment rate | |
Unemployment rate 2023 | 2.65% (2023 est.) |
Unemployment rate 2022 | 2.69% (2022 est.) |
Unemployment rate 2021 | 2.91% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 3.7% (2023 est.) |
Male | 4.5% (2023 est.) |
Female | 2.9% (2023 est.) |
Want to know more about Papua New Guinea? Check all different factbooks for Papua New Guinea below.