Gross Domestic Products 2017-2023
Gross Domestic Product (GDP) by Production
GDP at Current Price, 2022 to 2023
The Papua New Guinea economy contracted by K800 million, representing a 0.7% decrease from 2022. This decline was attributed to a slight increase production volumes (+3.0%) and declining prices (-3.8%).
Key contributing industry to the decline was Mining and Quarrying with a 14.7% fall or a K5,217 million decrease.
The main Offsets to the decline were:
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- Public Administration and Defence: +12.7% or a K642 million increase.
- Wholesale and Retail Trade: +5.1% or a K518 million increase.
- Administrative and Support Service Activities: +5.0% or a K405 million increase.
- Construction: +6.1% or K401 million increase
GDP at Constant Price, 2022 to 2023
In 2023, PNG’s economy grew by 3.0% from 2022. GDP in Constant Price accounts for changes in production volumes only.
Key contributing industries to the growth were:
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- Public Administration and Defence, +9.7%.
- Information and Communication, +15.5%
- Wholesale and Retail Trade, +2.8%
- Construction, +3.7%
The main offset to the growth was Mining and Quarrying with a 1.6% decrease.
Table 1A. GDP Levels, Current Price and Constant Price (kina billions)
Table 1B. GDP Growth, Current Price and Constant Price, Percentage (%) change (a)
Table 1C. GDP per capita, Current Price and Constant Price (Kina)
Table 1D. GDP per capita, Current Price and Constant Price, Percentage (%) change (a)
