General profile: Papua New Guinea

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
8.947 Millions
3.462 PGK/US$
23 778 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 452 860 km²
4.99 %
-3.60 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-25.5 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
3 273
5 742
8 453
(e) 8 496
Merchandise imports
1 729
(e) 3 950
2 551
(e) 2 750
Merchandise trade balance
1 545
(e) 1 792
5 902
(e) 5 746
Export structure by product group in 2020
(as % of total exports)
22 %22 %4 %4 %28 %28 %23 %23 %7 %7 %16 %16 %
Top 5 partners in 2020
(exports, millions of US$)
2 4351 5311 4794253872 4351 5311 479425387
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
303
309
146
(e) 181
Services imports
1 167
2 759
1 338
(e) 1 322
Services trade balance
-864
-2 449
-1 192
(e) -1 141
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
10.3
6.7
11.8
(e) 2.8
Travel
1.2
0.7
1.1
(e) 0.4
Other services
88.5
92.5
87.1
(e) 96.8
TRADE INDICES
More data on UNCTADstat
94127115117101100926164716755646563544846374045999710610496100114116126134115959710196777366615659
ECONOMIC TRENDS
More data on UNCTADstat
-3.6 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
7 355
14 251
21 723
23 778
GDP per capita, current US$
1 132
1 949
2 679
2 658
Real GDP growth, y-on-y, %
3.93
10.13
6.58
-3.60
Current account balance, % of GDP
8.89
-4.51
19.19
..
Exchange rate (/US$)
3.102
2.719
2.768
3.462
GDP by expenditure in 2019
(as % of total GDP)
56.722.48.052.139.256.722.48.052.139.2
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
33.53
29.05
(j) 27.99
..
FDI outflows
6.45
0.37
-173.75
..
Personal remittances, % of GDP
0.09
0.02
0.02
..
Financial flows trends
(millions of US$)
2.53.74.32.73.910.514.314.312.33.54.77.47.64.46.99.56.95.65.97.2334338-180-4028-301825-31029423-3096-73426101186498FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2020
Balance, % of GDP
12.72
-1.63
20.46
..
Balance, % of imports
34.54
-3.69
120.23
..
Normalized balance
0.147
-0.019
0.375
..
Trade openness²
(sum of imports and exports as % of GDP)
6767685354667472818780951009686
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
52%Male 52%Female
48%Female 48%
OTHER INDICATORS
More data on UNCTADstat
0.010 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
87
111
196
202
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
7.23
10.15
10.48
Container port throughput (TEU)
..
282 907
276 089
..
Information economy indicators
(as % of)
2005
2010
2015
2020
Share of ICT goods, % of total exports
..
..
..
..
Share of ICT goods, % of total imports
..
..
..
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
j
Asset/liability basis.
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 22 July 2021