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Gross Domestic Products 2010 – 2017

Gross Domestic Products 2009 – 2016

Current Prices

Current Price GDP for 2018 is 79, 405 million Kina, this is an increase of 6,883 million Kina or 9.5% from 2017 Current Price GDP.
Key contributing industries were:

  • 2,743 million Kina or 14.2% increase in Mining and Quarrying
    • 1,934 million Kina or 16.2% increase in Extraction of Crude Petroleum and Natural Gas
    • 809 million Kina or 10.9% increase in other mining
  • 893 million Kina or 17.8 % increase in Administrative and Support Service Activities
  • 678 million Kina or 5.3 % increase in Agriculture, Forestry and Fishing
  • 524 million Kina or 7.7 % increase in Wholesale and Retail Trade.

The main offset to this increase was Manufacturing with a fall of 42 million Kina or -3.0%.

Constant Prices

Constant Price GDP for 2018 is 62,896 million Kina, this is a fall of 176 million Kina or -0.3 % from 2017 Constant Price GDP.
Key contributing industries were:

  • 1,892 million Kina or -9.2% fall in Mining and Quarrying
    • 2,050 million Kina or -15.3 % fall in Extraction of Crude Petroleum and Natural Gas
  • 73 million Kina or – 6.7 % fall in Manufacturing
  • 57 million Kina or – 9.3 % fall in Professional, Scientific and Technical Activities
  • 35 million Kina or – 0.9 % fall in Construction.

The main offset to this decrease were;

  • 516 million Kina or 13.0 % increase in Administrative and Support Service Activities.
  • 444 million Kina or 4.6 % increase in Agriculture, Fishing and Forestry.

Figure 1. GDP Levels, Current and Constant Price (KINA BILLIONS)

2011 2012 2013 2014 2015 2016 2017 2018
CURRENT PRICE GDP 42.6 44.4 47.7 57.1 60.1 65.0 72.5 79.4
CONSTANT PRICE GDP 43.9 46.0 47.7 54.2 57.7 60.9 63.1 62.9

Figure 2. GDP Growth, Current and Constant Price. (Percentage)

2011 2012 2013 2014 2015 2016 2017 2018
CURRENT PRICE GDP 10.0 4.1 7.5 19.7 5.3 8.1 11.5 9.5
CONSTANT PRICE GDP 1.1 4.7 3.8 13.5 6.6 5.5 3.5 -0.3

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