Services value added — all countries

Services value added — Papua New Guinea

Services value added in Papua New Guinea in 2024 — 12,926,590,932 US$. Ranked 113 in the world out of 188. Since 2006, the indicator has risen by 275.9%.

2024 12.93B US$ −0.19% vs 2023
World rank 113of 188
Period maximum 12.95B US$2023
Period minimum 3.44B US$2006

Trend over time

2006–2024 · US$

Services value added — Papua New Guinea, 2006–202405B10B15B20062008201020122014201620182020202220242006: 3,438,891,661 US$2007: 4,053,315,802 US$2008: 4,935,498,732 US$2009: 5,259,403,704 US$2010: 6,290,867,299 US$2011: 8,457,204,477 US$2012: 10,562,867,337 US$2013: 10,736,755,327 US$2014: 10,323,131,205 US$2015: 9,402,123,131 US$2016: 9,015,716,580 US$2017: 9,438,701,914 US$2018: 10,041,083,261 US$2019: 10,354,713,305 US$2020: 10,500,728,214 US$2021: 11,124,891,102 US$2022: 12,331,416,759 US$2023: 12,951,311,907 US$2024: 12,926,590,932 US$
Change over the period: +9.49B (+275.89%) Average annual rate: 7.63 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 12.93B US$
World 70.69T US$
Melanesia computed 17.66B US$
Lower-middle-income countries computed 4.22T US$
Services value added — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year US$ Change Change, %
2024 12.93B −24.72M −0.19%
2023 12.95B +620M +5.03%
2022 12.33B +1.21B +10.85%
2021 11.12B +624M +5.94%
2020 10.5B +146M +1.41%
2019 10.35B +314M +3.12%
2018 10.04B +602M +6.38%
2017 9.44B +423M +4.69%
2016 9.02B −386M −4.11%
2015 9.4B −921M −8.92%
2014 10.32B −414M −3.85%
2013 10.74B +174M +1.65%
2012 10.56B +2.11B +24.9%
2011 8.46B +2.17B +34.44%
2010 6.29B +1.03B +19.61%
2009 5.26B +324M +6.56%
2008 4.94B +882M +21.76%
2007 4.05B +614M +17.87%
2006 3.44B

Melanesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.