Source
Central bank

Bank of Papua New Guinea

International Reserves

US$ 4.353 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 15.393 billion (2011 estimate)

GDP (Purchasing Power Parity)

18.39 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
0% 2% 4.4% 0.6% 3.9% 2.3% 7.2% 6.6%
2009 2010 2011 2012*        
6.1% 7.6% 8.9% 7.7%        

*Estimate

GDP per capita - current prices

US$ 2,255 (2011 estimate)

GDP per capita - PPP

$2,694 International Dollars (2011 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.02% 0.02% 0.02% 0.02% 0.03%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 30.3% 
  • industry: 37.7% 
  • services: 32.1% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
6.9%(2008) 6% 8.4% 6.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
N/A N/A N/A N/A N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
2.5% -9.6% 2.9% 0.8% -2.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$12.21 billion US$9.742 billion US$8.999 billion
Largest companies in Papua New Guinea

N/A

 
 
Source
Current account balance

US$ -4.7 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

-30.5% of GDP (2011 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

55.9% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.04%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.01% (2011)(2007)

(Data were released in 2012)

Total exports

US$7.362 billion (2012 estimate) 

Export commodities

oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns

Total imports

US$5.269 billion (2012 estimate) 

 
 
Source
Import commodities

machinery and transport equipment, manufactured goods, food, fuels, chemicals

Exports - major partners

Australia 31.2%, Japan 7.1%, China 6.1% (2011)

Imports - major partners

Australia 38.5%, Singapore 14.7%, China 7.3%, Malaysia 5.5%, Japan 5.2%, Indonesia 4.9%, US 4.9% (2011)

FDI inflows
2009 2010 2011
US$423 million US$29 million(2009) US$-309 million(2009)
FDI outflows
2009 2010 2011  
US$4 million N/A US$1 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$1,051 million N/A(2009) US$-4 million(2009) N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 104 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 91 out of 185 countries(2009)

Enforcing Contracts: 166 out of 185 countries

Registering Property: 88 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 120 out of 185 countries

Paying Taxes: 106 out of 185 countries

Dealing with Construction Permits: 159 out of 185 countries

Getting Electricity: 23 out of 185 countries

Resolving Insolvency: 125 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 128 Score: 53.8 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

462,840 km2 (2006)

Capital

Port Moresby (2009)

Currency

kina (PGK) (2009)

Government type

constitutional parliamentary democracy and a Commonwealth realm (2009)

Languages

The three official languages are English, Tok Pisin, and Motu; there are approximately 860 other languages

Religions

Roman Catholic 27%, Evangelical Lutheran 19.5%, United Church 11.5%, Seventh-Day Adventist 10%, Pentecostal 8.6%, Evangelical Alliance 5.2%, Anglican 3.2%, Baptist 2.5%, other Protestant 8.9%, Bahai 0.3%, indigenous beliefs and other 3.3% (2000 census)

Total population
1980 1990 2000 2012* 2017**
2.96 million 3.76 million 5.13 million 6.83 million 7.72 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
3.7% 13% 13.2% 12.5%
Population median age

20 years (2010)

Population growth rate

2.2% (2011)

Life expectancy

62 years (2010)

Adult literacy

60% (2005/2010)

% of population living on less than $2 a day

57.40% (2008)

Inequality of wealth distribution (Gini index)

50.88 (1996)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

36.07% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

2% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

0.5191 (Data were released in 2012 and refer to 2009)

World's Best Developed & Emerging Markets Banks

World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards