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
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)