Current Prices

Current Price GDP for 2017 is 72,522 million Kina, this is an increase of 7,483 million Kina or 11.5% from 2016 Current Price GDP.

Key contributing industries were:

• K3.862M or 24.9% increase in Mining and Quarrying
  • K2,296M or 23.8% increase in Extraction of Crude oil.
  • K1,566M or 26.7% increase in Other mining.
• K1.180M or 10.2 % increase in Agriculture, Forestry and Fishing.
• K499M or 7.9 % increase in Wholesale and Retail
• K373M or 9.1 % increase in Real Estate Activities
• K326M or 6.9 % increase in Administrative and Support Services Activities

The main offset to this positive contribution was the Construction with a fall of K296M or -5.7%.

Constant Prices

Constant Price GDP for 2017 is 63,927 million Kina, this is an increase of 2,184 million Kina or 3.5 % from 2016 Constant Price GDP.

Key contributing industries were:

• K1.574M or 7.9% increase in Mining and Quarrying
  • K1.013M or 16.2% increase in Other mining
  • K561M or 4.1% increase in Extraction of Crude oil
• K224M or 2.4 % increase in Agriculture, Forestry and Fishing
• K119M or 3.5 % increase in Real Estate Activities

The main offset to this positive contribution was the Construction with a fall of K443M or -10.6%.

Figure 1. GDP Levels, Current and Constant Price

[supsystic-table-diagram id=’16’]

Figure 2. GDP Growth, Current and Constant Price

[supsystic-table-diagram id=’5′]

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