Papua New Guinea 2018
Detailed economic analysis and indicators for 2018
Key Economic Indicators (2018)
GDP (Current USD)
$24.11 billion
↑ 6.01% vs 2017GDP per Capita
$2,566.37
↑ 3.58% vs 2017GDP Growth (Annual %)
-0.28%
↓ 3.81pp vs 2017Inflation Rate (CPI %)
4.37%
↓ 1.05pp vs 2017Year-over-Year Comparison
| Indicator | 2017 | 2018 | Change |
|---|---|---|---|
| GDP (Current USD) | $22.74 billion | $24.11 billion | +6.01% |
| GDP per Capita | $2,477.77 | $2,566.37 | +3.58% |
| GDP Growth (Annual %) | 3.53% | -0.28% | -3.81pp |
| Inflation (CPI %) | 5.42% | 4.37% | -1.05pp |
| Unemployment Rate (%) | 2.57% | 2.64% | +0.07pp |
All Economic Indicators (2018)
National Accounts
- GDP (Current USD)
- $24.11 billion
- GDP per Capita
- $2,566.37
- GDP Growth (Annual %)
- -0.28%
- Gross National Income
- $22.78 billion
Prices & Employment
- Inflation (CPI %)
- 4.37%
- Inflation (GDP Deflator %)
- 9.80%
- Unemployment Rate (%)
- 2.64%
- Interest Rate (Real %)
- -0.66%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 13.63%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2018, Papua New Guinea's Gross Domestic Product (GDP) is $24.11 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Papua New Guinea for 2018 is $2,566.37. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Papua New Guinea for 2018 is 4.37%. This measures the annual percentage change in the cost of consumer goods and services.
Papua New Guinea's annual GDP growth rate for 2018 is -0.28%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Papua New Guinea for 2018 is 2.64%. This represents the percentage of the labor force that is unemployed and actively seeking employment.