Papua New Guinea vs South Korea

Papua New Guinea vs South Korea: GDP growth

GDP growth: 3.9% a year in Papua New Guinea in 2024 and 1.1% a year in South Korea in 2025, by IMF estimates. In 2024 the value was higher in Papua New Guinea, by 1.7 percentage points, or 1.77 times that in South Korea.

% a year · IMF

Papua New Guinea vs South Korea: GDP growthGDP growth: 3.9% a year in Papua New Guinea in 2024 and 1.1% a year in South Korea in 2025, by IMF estimates. In 2024 the value was higher in Papua New Guinea, by 1.7 percentage points, or 1.77 times that in South Korea.
Papua New GuineaSouth KoreaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Papua New Guinea has been higher since 2022, when it overtook South Korea.
  • The IMF projection (World Economic Outlook, October 2026) puts Papua New Guinea at 3.1% a year and South Korea at 1.9% a year in 2031.

Every year

% a year · IMF

YearPapua New GuineaSouth Korea
20256.21.1
20243.92.2
20233.81.5
20225.72.9
2021-0.54.7
2020-3.2-0.7
20194.52.3
2018-0.33.2
20173.53.4
20165.53.2
20156.62.9
201413.53.2
20133.83.3
20124.72.5
20111.13.7
201010.17
20096.80.8
2008-0.33
20077.85.8
20062.55.2
20054.34.4
20040.65.2
200393.1
2002-0.27.7
2001-0.14.7
2000-2.59.2
19991.911.6
19984.7-4.9
1997-6.36.3
19966.68
1995-3.49.7
199410.59.4
199313.37
199213.86.4
19919.610.9
1990-3.110
1989-1.47.2
19882.912.1
19872.812.9
19865.711.5
19853.67.9
1984-110.6
19833.413.5
19820.88.5
19811.17.4
1980-2.3-1.5
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearPapua New GuineaSouth Korea
20263.13.3
202742.8
20283.42.3
20293.12.1
20303.11.9
20313.11.9

Each country on its own

Good to know

  • How much the economy grew or shrank in a year, after inflation.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 143 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Papua New Guinea vs South Korea

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