The GDP composition of Papua New Guinea reflects a diverse economy. In 2023, the services sector accounted for 32.45% of GDP, indicating a robust contribution since 2019, with a consistent increase at a CAGR of 2%. Agriculture, hunting, forestry, and fishing sectors represented 20.08%, highlighting the country's rich natural resources. The mining, manufacturing, and utilities sectors contributed 18.06% to GDP, with notable fluctuations recorded across the last two years as a result of global commodity price variations. Wholesale, retail trade, alongside restaurants and hotels, represented 14.38%, showing resilience amid global economic shifts with a modest 1.5% average annual growth. The construction sector, contributing 10.01%, saw significant volatility, reflecting infrastructural development trends and governmental policy adjustments. The transport, storage, and communication sectors accounted for 5.03%, indicating gradual expansion driven by improved connectivity and technological advancements.
Future trends to watch include:
- Expansion in digital services and telecommunications as technology adoption grows.
- Growth in agriculture with increased investment in sustainable practices.
- Fluctuations in mining outputs due to global demand changes.
- Infrastructural developments potentially pushing the construction sector higher.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 32.45 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 20.08 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 18.06 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 14.38 | 2016 | |
| 5 | 5 Construction | 10.01 | 2016 | |
| 6 | 6 Transport, storage and communication | 5.03 | 2016 |
