Papua New Guinea's manufacturing, value added (current LCU) was 1.96 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 60.79% from 1.22 billion in 2014 (4.86% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.96 billion | 2024 |
| Five years earlier | 1.42 billion | 2019 |
| Ten years earlier | 1.22 billion | 2014 |
| Highest | 1.96 billion | 2024 |
| Lowest | 31.5 million | 1970 |
| Average since 2015 | 1.51 billion | 2015–2024 |
| First recorded | 31.5 million |
What the numbers say
In 2024, Papua New Guinea's manufacturing, value added (current LCU) rose 6.4% on 2023 (from 1.84 billion to 1.96 billion).
Across the 30 yearly changes before that (1992 to 2023), the average change was +7.3% and a typical year strayed about 7.8% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 34.1% in 1978 and the biggest yearly fall was 18.1% in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 88.43 million a year. A straight line explains 91% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Papua New Guinea had the 30th highest value of the 45 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Papua New Guinea in the 2024 ranking
- Faroe Islands — 26th of 45: 2.64 billion
- Macao SAR, China — 27th of 45: 2.57 billion
- Gambia, The — 28th of 45: 2.37 billion
- West Bank and Gaza — 30th of 45: 1.81 billion
- Solomon Islands — 31st of 45: 1.35 billion
- Barbados — 32nd of 45: 752.09 million
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 54 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 1,955,016,181 |
| 2023 | 1,836,772,500 |
| 2022 | 1,812,539,500 |
| 2021 | 1,558,959,200 |
| 2020 | 1,390,563,700 |
| 2019 | 1,417,841,100 |
| 2018 | 1,369,146,700 |
| 2017 | 1,410,790,200 |
| 2016 | 1,256,148,800 |
| 2015 | 1,068,743,400 |
Manufacturing, value added (current LCU) in nearby economies
- Australia — 147.76 billion (2025)
- Brunei Darussalam — 1.95 billion (2025)
- Cambodia — 59.72 trillion (2025)
- China — 34.67 trillion (2025)
- Fiji — 1.3 billion (2025)
- French Polynesia — 27.61 billion (2020)
- Hong Kong SAR, China — 29.78 billion (2024)
- Indonesia — 4,541.52 trillion (2025)
- Japan — 119.35 trillion (2024)
- Kiribati — 22.07 million (2024)
More economic policy & debt data for Papua New Guinea
- GDP (current US$) — US$32.5 billion (2025)
- GDP (current LCU) — 133.98 billion (2025)
- GDP (constant 2015 US$) — US$28.68 billion (2025)
- GDP (constant LCU) — 76.24 billion (2025)
- GDP per capita (current US$) — US$3,020 (2025)
- GDP per capita (current LCU) — 12,449 (2025)
- GDP per capita (constant 2015 US$) — US$2,665 (2025)
- GDP per capita (constant LCU) — 7,084 (2025)
- GNI (current US$) — US$30.16 billion (2025)
- GNI (current LCU) — 124.34 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Papua New Guinea's manufacturing, value added (current LCU)?
- 1.96 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 6,106% from 31.5 million in 1970 (7.94% a year on average, compounded). The highest value was 1.96 billion in 2024 and the lowest 31.5 million in 1970.
- How does Papua New Guinea rank?
- 30th highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Papua New Guinea?
- In 2024, Papua New Guinea's manufacturing, value added (current LCU) rose 6.4% on 2023 (from 1.84 billion to 1.96 billion). Across the 30 yearly changes before that (1992 to 2023), the average change was +7.3% and a typical year strayed about 7.8% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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