Consumer Price Index
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Economy Stories
PNG Economy Grows +3.9% in 2024
Papua New Guinea’s economy expanded in 2024, with real GDP up +3.9%. The increase reflects stronger production across key sectors, driven by the mining and agriculture sectors. The National Statistical Office (NSO) reports: Constant Price GDP (Real GDP) grew from...
Correction of Error – 2023 GDP
Purpose:This is to formally notify users that the NSO has identified and corrected an error in the recent 2023 GDP release. The updated GDP is now available on the NSO website. Details:An error was identified in the estimate of 2023 Constant Price Extraction of Crude...
NSO reports a +3% growth GDP in 2023
THERE HAS BEEN AN UPDATE - Please refer to the lastest post and GDP release 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...
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
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....
Economy nears K80 billion in 2018
The 2018 PNG National Accounts released today (11th, November, 2020) shows that the size of the economy has reached K79.4 billion in current price terms, reflecting a 9.5% increase from 2017. Current price GDP measures PNG economic production valued at the prices for...