Source
Central bank

Bank of Papua New Guinea

International Reserves

US$ 2.581 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 18 billion (2014 estimate)

GDP (Purchasing Power Parity)

21 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.4% 0.6% 3.9% 2.3% 7.2% 6.6% 6.1% 7.7%
2011 2012 2013 2014*        
10.7% 8.1% 4.6% 6.0%        

*Estimate

GDP per capita - current prices

US$ 2,473 (2014 estimate)

GDP per capita - PPP

$2,977 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.02% 0.02% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 27.6% 
  • industry: 39.1% 
  • services: 33.3% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
8.4% 2.2% 3.8% 6.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
25.3% 22.3% 26.7% 32.6% 35.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
20010 2011 2012 2013 2014*
3.1% 1.7% -3.2% -7.1% -7.0%

*Estimate 

Government bond ratings

Standard & Poor's: B+

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$9.742 billion US$8.999 billion US$10.71 billion

*2010 Estimate   **2012 Estimate 

Largest companies in Papua New Guinea

N/A

 
 
Source
Current account balance

US$ -653 million (2014 estimate)

Current account balance by percentage of GDP

-3.68% of GDP (2014 estimate)

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

N/A

Shares in world total merchandising export

0.03% (2012)

Shares in world total commercial services export

0.01% (2012)

Total exports

US$5.392 billion (2013 estimate) 

Export commodities

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

Total imports

US$4.587 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Australia 30.1%, Japan 9.9%, China 5%, Germany 4.1% (2012)

Imports - major partners

Australia 36.3%, Singapore 13.8%, Malaysia 8.4%, China 7.9%, Japan 5.8%, US 4.8% (2012)

FDI inflows
2011 2012 2013
US$-310 million US$25 million US$18 million  
FDI outflows
2009 2010 2011  
US$1 million US$89 million US$0  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$-4 million US$0 US$0 US$0
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 113 out of 189 countries (2013)

Subcategories:

Starting a business: 101 out of 189 countries

Enforcing Contracts: 168 out of 189 countries

Registering Property: 87 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 134 out of 189 countries

Paying Taxes: 116 out of 189 countries

Dealing with Construction Permits: 165 out of 189 countries

Getting Electricity: 24 out of 189 countries

Resolving Insolvency: 128 out of 189 countries

(2013)

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

N/A

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 132 Score: 53.9 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+10

Total area

462,840 sq km

Capital

Port Moresby

Currency

kina (PGK)

Government type

constitutional parliamentary democracy and a Commonwealth realm

Languages

Tok Pisin (official), English (official), Hiri Motu (official), some 836 indigenous languages spoken (about 12% of the world's total); most languages have fewer than 1,000 speakers

 

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
1990 2000 2010 2014* 2019**
3.758 million 5.13 million 6.497 million 7.172 million 8.114 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
3.7% 13% 13% 13%
Population median age

22.4 years (2014 est.)

Population growth rate

1.84% (2014 est.)

 

Life expectancy

66.85 years (2014 estimate)

Adult literacy

62.4% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

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

Total telephone subscribers as % of population

Fixed 1.9%   Mobile 41.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

6.50% (2013)

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

CO2 emissions(Metric tons of CO2 per capita)

0.5 (2010)