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Macro

Papua New Guinea

East Asia & Pacific · Lower middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 5.6%
Current prices2025
32USD bn
GDP per capita▲ 3.5%
Current prices2025
2,538USD
Real GDP growth▲ 1.7 pp
Annual change2025
5.6%
Inflation▲ 3.8 pp
Average consumer prices2025
4.4%
Government debt▼ 1.2 pp
General government, gross2025
52.1% of GDP
Current account▼ 0.8 pp
Balance2025
14.7% of GDP
Population▲ 2.1%
Total2025
12.80million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-6.30.013.51995: -3.4%1996: 6.6%1997: -6.3%1998: 4.7%1999: 1.9%2000: -2.5%2001: -0.1%2002: -0.2%2003: 9.0%2004: 0.6%2005: 4.3%2006: 2.5%2007: 7.8%2008: -0.3%2009: 6.8%2010: 10.1%2011: 1.1%2012: 4.7%2013: 3.8%2014: 13.5%2015: 6.6%2016: 5.5%2017: 3.5%2018: -0.3%2019: 4.5%2020: -3.2%2021: -0.5%2022: 5.7%2023: 3.8%2024: 3.9%2025: 5.6%2026: 3.8% (IMF projection)2027: 3.8% (IMF projection)2028: 3.2% (IMF projection)2029: 3.1% (IMF projection)2030: 3.1% (IMF projection)2031: 3.1% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.017.31995: 17.3%1996: 11.6%1997: 3.9%1998: 13.6%1999: 14.9%2000: 15.6%2001: 9.3%2002: 11.8%2003: 14.7%2004: 2.2%2005: 1.8%2006: 2.4%2007: 0.9%2008: 10.8%2009: 6.9%2010: 5.1%2011: 4.4%2012: 4.5%2013: 5.0%2014: 5.2%2015: 6.0%2016: 6.7%2017: 5.4%2018: 4.4%2019: 3.9%2020: 4.9%2021: 4.5%2022: 5.3%2023: 2.3%2024: 0.6%2025: 4.4%2026: 5.0% (IMF projection)2027: 4.4% (IMF projection)2028: 4.5% (IMF projection)2029: 4.5% (IMF projection)2030: 4.5% (IMF projection)2031: 4.5% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %-0.55.73.83.95.63.83.83.23.13.1
Inflation, average consumer prices %4.55.32.30.64.45.04.44.54.54.5
GDP, current prices USD bn26323131323435373840
GDP per capita, current prices USD2,2162,6312,5022,4532,5382,6322,6212,6902,7562,838
GDP per capita, PPP Int. USD2,9393,2603,4373,5843,8133,9864,1414,2564,3744,498
General government gross debt % of GDP52.648.253.953.352.149.246.443.240.137.2
General government net lending/borrowing % of GDP-6.8-5.3-4.3-3.3-2.4-1.1-0.1-0.10.20.2
Current account balance % of GDP12.614.49.115.614.713.711.611.410.710.5
Population million11.7812.0312.2812.5412.8013.0713.3513.6313.9114.20

Government debt, % of GDP

General government gross debt
0.053.92000: 42%2001: 48%2002: 48%2003: 40%2004: 37%2005: 32%2006: 26%2007: 22%2008: 22%2009: 22%2010: 17%2011: 16%2012: 19%2013: 25%2014: 27%2015: 30%2016: 34%2017: 32%2018: 37%2019: 38%2020: 49%2021: 53%2022: 48%2023: 54%2024: 53%2025: 52%2026: 49% (IMF projection)2027: 46% (IMF projection)2028: 43% (IMF projection)2029: 40% (IMF projection)2030: 37% (IMF projection)2031: 34% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-23.90.015.92000: 4.4%2001: 4.9%2002: 1.4%2003: 1.5%2004: -0.3%2005: 8.5%2006: -1.2%2007: 2.5%2008: 5.4%2009: -11.0%2010: -9.9%2011: -9.6%2012: -20.0%2013: -23.9%2014: 12.4%2015: 11.1%2016: 13.6%2017: 15.9%2018: 13.6%2019: 14.4%2020: 14.4%2021: 12.6%2022: 14.4%2023: 9.1%2024: 15.6%2025: 14.7%2026: 13.7% (IMF projection)2027: 11.6% (IMF projection)2028: 11.4% (IMF projection)2029: 10.7% (IMF projection)2030: 10.5% (IMF projection)2031: 10.4% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
201517.534.81.843.3
202417.036.51.642.0

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method2,890USD2025+14.7%
GNI, Atlas method31USD bn2025+41.1%
Exports of goods and services72.2% of GDP2004+18.6 pp
Imports of goods and services58.9% of GDP2004+19.2 pp
Life expectancy at birth66.3years2024+3.2%
Urban population15.8% of total2025+2.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)