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Papua New Guinea

Papua New Guinea : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$6.106 billion (2011 est.)
$3.529 billion (2010 est.)

Exports

$6.748 billion (2011 est.)
$5.745 billion (2010 est.)

Inflation rate (consumer prices)

8.5% (2011 est.)
6.1% (2010 est.)

Unemployment rate

1.9% (2008 est.)
1.8% (2004)

GDP - per capita (PPP)

$2,600 (2011 est.)
$2,400 (2010 est.)
$2,300 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

6.2% (2010 est.)
5.5% (2009 est.)
6.7% (2008 est.)

Internet users

125,000 (2009)

Telephones - mobile cellular

1.909 million (2009)

Population growth rate

1.936% (2012 est.)

Population

6,310,129 (July 2012 est.)

Historical background

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.

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Papua New Guinea

Economic overview

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.

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The Economist Intelligence Unit

Country Risk Service Papua New Guinea April 2016 Updater

Country Risk Service Papua New Guinea April 2016 Updater

  • $ 520
  • Country report
  • April 2016
  • by The Economist Intelligence Unit

NCAIS: 0 SIC: 0

  • Countries : Papua New Guinea

Dun and Bradstreet (Altares)

D&B Country Insight Report: Papua New Guinea

D&B Country Insight Report: Papua New Guinea

  • $ 650
  • Country report
  • May 2016
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : Papua New Guinea

Oxford Economics

Country Economic Forecasts > Papua New Guinea

Country Economic Forecasts > Papua New Guinea

  • $ 185
  • Country report
  • December 2015
  • by Oxford Economics

The first full-year of production at the key LNG project will lead to GDP growth of more than 12% in 2015 and generate a substantial current account surplus. However, the non-resources sector remains sluggish, ...

  • Countries : Papua New Guinea

PRS Group

Papua New Guinea Country Report

Papua New Guinea Country Report

  • $ 245
  • Country report
  • January 2016
  • by PRS Group

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 ...

  • Countries : Papua New Guinea

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