The Richest Countries in the World
The most commonly accepted definition of the wealthiest countries is to determine how rich the average resident of a country is.
Papua New Guinea
Papua New Guinea Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Papua New Guinea; country and population overview
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Source
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
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GDP - composition by sector
- agriculture: 27.6%
- industry: 39.1%
- services: 33.3% (2013 estimate)
Source
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
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)
Source
Market value of publicly traded shares
| 2010* | 2011 | 2012** |
| US$9.742 billion | US$8.999 billion | US$10.71 billion |
*2010 Estimate **2012 Estimate
Source
Current account balance
US$ -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 commercial services export
0.01% (2012)
Export commodities
oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns
Source
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Import commodities
machinery and transport equipment, manufactured goods, food, fuels, chemicals
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Exports - major partners
Australia 30.1%, Japan 9.9%, China 5%, Germany 4.1% (2012)
Source
Imports - major partners
Australia 36.3%, Singapore 13.8%, Malaysia 8.4%, China 7.9%, Japan 5.8%, US 4.8% (2012)
Source
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
Source
Index of Economic FreedomWSJ and Heritage Foundation
Ranking: 132 Score: 53.9 (Mostly Unfree) (2014)
(100=totally free 0=totally repressed )
Source
Government type
constitutional parliamentary democracy and a Commonwealth realm
Source
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
Source
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)
Source
Total population
| 1990 | 2000 | 2010 | 2014* | 2019** |
| 3.758 million | 5.13 million | 6.497 million | 7.172 million | 8.114 million |
*Estimate **Forecast
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2013 |
| 3.7% | 13% | 13% | 13% |
% 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)
Source
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)