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Papua New Guinea Economic Statistics (2026)

1980

2026

2031

Source: IMF World Economic Outlook · Updated May 2026

1980

2026

2031

What to know

Papua New Guinea produces $3,986 per person (PPP) in 2026, below the global average. The economy is worth about $34 billion in total. Over the past five years it has grown at about 3.7% a year. Inflation is 5.0%. Government debt is 49% of GDP. Its current account is in surplus, at 13.7% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$3,986

GDP growth

+3.8%

Inflation rate

5.0%

Key terms

GDP: — Gross Domestic Product, the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity, reflecting what money actually buys in each country.
GDP per capita: — GDP divided by population, a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $34 billion, with steady growth of 3.8% in 2026.

Living Standards

GDP per capita is $2,632 in nominal terms, but $3,986 when adjusted for local purchasing power, indicating lower prices than in the US.

Prices & Employment

Inflation is 5.0% in 2026.

Government Finances

Government debt is moderate at 49% of GDP. The government spends more than it collects (revenue: 18.2%, expenditure: 19.3% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 1.1% of GDP and a current-account surplus of 13.7% of GDP.

The bottom line

Papua New Guinea is a lower-income economy with GDP per capita (PPP) of $3,986. High inflation (5.0%) is a challenge.

Source: IMF World Economic Outlook · Updated May 2026

What to know

Papua New Guinea produces $3,986 per person (PPP) in 2026, below the global average. The economy is worth about $34 billion in total. Over the past five years it has grown at about 3.7% a year. Inflation is 5.0%. Government debt is 49% of GDP. Its current account is in surplus, at 13.7% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$3,986

GDP growth

+3.8%

Inflation rate

5.0%

Key terms

GDP: — Gross Domestic Product, the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity, reflecting what money actually buys in each country.
GDP per capita: — GDP divided by population, a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

The bottom line

Papua New Guinea is a lower-income economy with GDP per capita (PPP) of $3,986. High inflation (5.0%) is a challenge.

Indonesia

What to know

Key statistics for 2026

The bottom line

Indonesia

What to know

Key statistics for 2026

The bottom line