According to the National Budget, delivered last December, Papua New Guinea’s economy is expected to grow by 4.0 per cent in 2023, with non-resources and resources growth at 4.6 per cent and 2.0 per cent respectively. For context, the Asian Development Bank’s latestPacific Economic Mo...
If 2023 was the year Papua New Guinea started to gear up for an anticipated decade (or more) of major new investment, primarily in its resources sector, then 2024 is expected to mark the actual start of that decade. An estimated US$50 billion pipeline of resources projects is lined up fo...
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economymining and petroleum industriesbudget managementPapua New Guinea (PNG) is the largest and most populated of all the Pacific Island countries. It is a developing nation with 15% of the population engaged in market economy and the remaining 85% of people engaged in farming. A prudent ...
World Economics has reassessed Papua New Guinea's GDP by adjusting for any base year age and size of the informal economy to estimate GDP PPP at $65 billion - 50% larger than offical estimates. The population of Papua New Guinea is estimated to be 10.4 million which gives a GDP per capit...
Economy Papua New Guinea: Gross domestic product (GDP) in current prices (in billion U.S. dollars) Papua New Guinea: Gross domestic product (GDP) per capita in current prices (in U.S. dollars) Papua New Guinea: Inflation rate (compared to the previous year) Papua New Guinea: Impor...
More forest statistics for Papua New Guinea The island of New Guinea, the second largest in the world, has one of the last great expanses of tropical rainforest. Although much of this area is still untouched and in some remote regions natives may have never seen a white-skinned person, th...
IndonesiaPapua New Guinea Economy - overview Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and ...
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Forestry's contribution to the economy of Papua New Guinea (PNG) is significant. Export taxes on logs account for 3 to 6 percent of all tax. Between 1990 and 2005 such taxes represented an average of around 30 percent of all development expenditure by the national government. . .[more] ...