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PNG's GDP growth has been driven by the extraction industries and real GDP growth per capita has averaged 4% since mid-2000. [23] The GDP Growth rate for PNG in 2021 was at 1.3%. [24] The country has made significant progress investing proceeds from oil and gas in infrastructure building.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
This is compared with 311.9 in 2008 and 476.3 in 1990. The under-5 mortality rate, per 1,000 births is 69 and the neonatal mortality as a percentage of under-5s' mortality is 37. In Papua New Guinea, the number of midwives per 1,000 live births is 1 and the lifetime risk of death for pregnant women is 1 in 94. [142]
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates. Values are given in International Dollars .
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in USDs and have not been adjusted for inflation.
Official statistics about Bougainville's economy are not available. The PNG National Research Institute estimates its GDP per capita at $1,100 as of 2019. [43] A small percentage of the region's economy is from mining. The majority of economic growth comes from agriculture and aquaculture.
Although GDP averaged at 5.5% from 1960-1975, growth slowly declined thereafter. From 1976-2004, GDP averaged at 2.3%, with it averaging at about 1% moving closer to 2004. [8] Ultimately, high population growth was the main contributor with an estimated per capita GDP decreasing by nearly 50% after dissolution from Australia. [8]