Papua New Guinea GDP

The Gross Domestic Product (GDP) in Papua New Guinea was worth 15.65 billion US dollars in 2012. The GDP value of Papua New Guinea represents 0.03 percent of the world economy. GDP in Papua New Guinea is reported by the World Bank. From 1960 until 2012, Papua New Guinea GDP averaged 3.3 USD Billion reaching an all time high of 15.7 USD Billion in December of 2012 and a record low of 0.2 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Papua New Guinea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
15.65 12.39 15.65 0.23 20.81 | 2014/06 1960 - 2012 USD Billion Yearly

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Papua New Guinea GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 15.65 2012-12-31 12.39 15.65 0.23 20.81 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 9.20 2012-12-31 11.10 11.10 -6.34 10.78 2013-12-31 Percent [+]
GDP per capita 1076.38 2012-12-31 1018.54 1076.38 546.39 1165.60 2014-06-30 USD [+]
GDP per capita PPP 2497.79 2012-12-31 2363.57 2497.79 1688.85 2704.81 2014-06-30 USD [+]
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GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Papua New Guinea Inflation Rate at 3.50 Percent  
The inflation rate in Papua New Guinea was recorded at 3.50 percent in the third quarter of 2013. Inflation Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Personal Income Tax Rate at 42.00 percent  
The Personal Income Tax Rate in Papua New Guinea stands at 42 percent. Personal Income Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Papua New Guinea stands at 30 percent. Corporate Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Papua New Guinea stands at 10 percent. Sales Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Balance of Trade at 511.00 PGK Million  
Papua New Guinea recorded a trade surplus of 511 PGK Million in the first quarter of 2013. Balance of Trade in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Interest Rate at 6.25 Percent  
The benchmark interest rate in Papua New Guinea was last recorded at 6.25 percent. Interest Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Current Account at -1265.00 PGK Million  
Papua New Guinea recorded a Current Account deficit of 1265 PGK Million in the first quarter of 2013. Current Account in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Government Budget at -1.20 Percent of GDP  
Papua New Guinea recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2012. Government Budget in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea GDP per capita at 1076.38 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 1076.38 US dollars in 2012. The GDP per Capita in Papua New Guinea is equivalent to 9 percent of the worlds average. GDP per capita in Papua New Guinea is reported by the World Bank.
Papua New Guinea GDP per capita PPP at 2497.79 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 2497.79 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Papua New Guinea, when adjusted by Purchasing Power Parity is equivalent to 11 percent of the worlds average. GDP per capita PPP in Papua New Guinea is reported by the World Bank.
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