Papua New Guinea - Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Papua New Guinea was 80,092,080,000 as of 2019. As the graph below shows, over the past 59 years this indicator reached a maximum value of 80,092,080,000 in 2019 and a minimum value of 200,700,000 in 1960.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 200,700,000
1961 213,100,000
1962 227,100,000
1963 239,400,000
1964 264,400,000
1965 297,000,000
1966 335,800,000
1967 378,500,100
1968 415,400,100
1969 470,399,800
1970 547,900,200
1971 600,199,800
1972 681,599,700
1973 875,399,900
1974 974,300,200
1975 979,300,100
1976 1,131,000,000
1977 1,215,300,000
1978 1,298,000,000
1979 1,537,300,000
1980 1,598,100,000
1981 1,566,600,000
1982 1,614,800,000
1983 1,990,600,000
1984 2,114,500,000
1985 2,234,400,000
1986 2,342,800,000
1987 2,590,401,000
1988 2,886,900,000
1989 2,842,700,000
1990 2,888,300,000
1991 3,404,600,000
1992 4,027,100,000
1993 4,671,600,000
1994 5,285,000,000
1995 5,902,200,000
1996 6,455,500,000
1997 6,709,400,000
1998 7,411,400,000
1999 8,366,400,000
2000 9,244,400,000
2001 9,864,300,000
2002 11,083,400,000
2003 12,031,250,000
2004 12,040,320,000
2006 24,754,450,000
2007 27,345,810,000
2008 30,519,740,000
2009 30,950,060,000
2010 37,558,980,000
2011 41,601,420,000
2012 42,796,130,000
2013 45,955,380,000
2014 54,246,970,000
2015 57,458,930,000
2016 62,454,180,000
2017 69,266,550,000
2018 75,867,370,000
2019 80,092,080,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts