Imports$6.106 billion (2011 est.)
Exports$6.748 billion (2011 est.)
Inflation rate (consumer prices)8.5% (2011 est.)
Unemployment rate1.9% (2008 est.)
GDP - per capita (PPP)$2,600 (2011 est.)
National product real growth rate6.2% (2010 est.)
Internet users125,000 (2009)
Telephones - mobile cellular1.909 million (2009)
Population growth rate1.936% (2012 est.)
Population6,310,129 (July 2012 est.)
The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885.
The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975.
A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives....
Papua New Guinea (PNG)is richly endowed with natural resources, but exploitation has been hampered by rugged terrain, land tenure issues, and the high cost of developing infrastructure.
The economy has a small formal sector, focused mainly on the export of those natural resources, and an informal sector, employing the majority of the population.
Agriculture provides a subsistence livelihood for 85% of the people....
The unfavourable weather conditions caused by the El Nino phenomenon in 2015 continues to dampen GDP growth this year. We expect growth of only 2.3% in 2016 after an expected 6.6% last year as the agricultural ...
One of PRS' 100 Country Reports, each expertly assessing potential political, financial, and economic risks to business investments and trade. Political Risk Services Country Reports provide risk forecasts ...