Papua New Guinea

Papua New Guinea's real economy grew 5.6%, slightly outpacing the +5.5% rise in US$ GDP to US$32.5 billion, yet it slipped 2 places to 113th, now between Bosnia and Herzegovina and Haiti. As of 2024, industry made up 36.5% of output but manufacturing only 1.6%; services accounted for 42.0% and agriculture 17.0%. Inflation stood at 4.4%, unemployment at 2.6% and government gross debt at 51.6% of GDP.

Its standing drops on a PPP basis: GDP per capita of US$3,020 ranks 149th of 196, while the PPP figure of $5,215 international dollars ranks 160th. The 17th-largest economy in East Asia & Pacific, with 10.8 million people, is about the size of the Corpus Christi, TX metro area. Since 2000, when GDP stood at US$3.5 billion and it ranked 132nd, US$ GDP has grown 9.2 times. The IMF projects a +33% rise to US$43.3 billion by 2030, which would place it 112th.