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NSO reports a +3% growth GDP in 2023

NSO reports a +3% growth GDP in 2023

The National Statistical Office (NSO) released the 2023 Gross Domestic Product (GDP) report on Thursday 7th November. This report provides a comprehensive overview of Papua New Guinea’s economic activity in 2023.  The National Statistician, Mr. John Aseavu Igitoi said...

Minister Masere visits NSO

Minister Masere visits NSO

The newly appointed Minister for Administrative Services, Hon. Richard Masere made his first official visit to the National Statistical Office (NSO) on Tuesday the 23rd of January 2024. The visit was termed as a “meet and greet” meeting where he met with the National...

PNG Economy Bounces back from COVID

PNG Economy Bounces back from COVID

The National Statistical Office (NSO) recently released 2021 and 2022 Gross Domestic Product (GDP). The NSO notes that Constant Price GDP fell during the COVID years, with 2020 falling 3.2% and 2021 falling 0.8%. However, post COVID the PNG economy showed strong...

PNG Economy falls by K1.4 Billion in 2020

PNG Economy falls by K1.4 Billion in 2020

The National Statistical Office released the 2020 Papua New Guinea Gross Domestic Product (GDP) on the Friday 4th November 2022. According to the NSO, the size of the economy in 2020 reached K82.5 billion in current price terms, reflecting a fall of -1.6% from 2019....