Papua New Guinea 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$26.11 billion
↑ 9.48% vs 2020GDP per Capita
$2,607.58
↑ 7.32% vs 2020GDP Growth (Annual %)
-0.51%
↑ 2.66pp vs 2020Inflation Rate (CPI %)
4.48%
↓ 0.39pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $23.85 billion | $26.11 billion | +9.48% |
| GDP per Capita | $2,429.61 | $2,607.58 | +7.32% |
| GDP Growth (Annual %) | -3.17% | -0.51% | +2.66pp |
| Inflation (CPI %) | 4.87% | 4.48% | -0.39pp |
| Unemployment Rate (%) | 2.88% | 3.00% | +0.12pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $26.11 billion
- GDP per Capita
- $2,607.58
- GDP Growth (Annual %)
- -0.51%
- Gross National Income
- $24.52 billion
Prices & Employment
- Inflation (CPI %)
- 4.48%
- Inflation (GDP Deflator %)
- 11.60%
- Unemployment Rate (%)
- 3.00%
- Interest Rate (Real %)
- -3.54%
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)
- 12.58%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Papua New Guinea's Gross Domestic Product (GDP) is $26.11 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Papua New Guinea for 2021 is $2,607.58. 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 2021 is 4.48%. This measures the annual percentage change in the cost of consumer goods and services.
Papua New Guinea's annual GDP growth rate for 2021 is -0.51%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Papua New Guinea for 2021 is 3.00%. This represents the percentage of the labor force that is unemployed and actively seeking employment.