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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Papua New Guinea economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Papua New Guinea best banks and safest banks are also available.
Central and Eastern Europe Composed of 14 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia and Turkey. Commonwealth of Independent States Composed of 11 CIS countries: Armenia, ...
USD 1.7 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 20.8 billion (2017, estimate)
Intl$ 29.5 billion (2017, estimate)
2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
2.3% | 8.7% | 3.6% | 2.9% | 11.6% | 3.7% | 6.1% |
2013 | 2014* | 2015* | 2016* | 2017* | ||
4.7% | 7.4% | 6.6% | 2.5% | 3% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2017* |
0.02% | 0.01% | 0.01% | 0.01% | 0.02% |
*Estimate
(2016 estimate)
2013 | 2014* | 2015* | 2016* | 2017* |
5.0% | 5.2% | 6.0% | 6.9% | 7.5% |
*Estimate
2013 | 2014 | 2015 | 2016 | 2017 |
N/A | N/A | N/A | N/A | N/A |
*Estimate
2013 | 2014* | 2015* | 2016* | 2017* |
25% | 28.1% | 30.6% | 34.3% | 36.5% |
*Estimate
2013 | 2014* | 2015* | 2016* | 2017* |
-6.9% | -6.5% | -5.1% | -5% | -5.2% |
*Estimate
Standard & Poor's: B+
Moody's: B2
Standard & Poor's / Moody's (Updated as of January 24th 2017)
2013 | 2014 | 2015 |
N/A | N/A | N/A |
6.1% (2017 estimate)
66.2% (2006)
0.03% (2015)
0.002% (2015)
Oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns
Machinery and transport equipment, manufactured goods, food, fuels, chemicals
Japan 17.4%, Australia 15.9%, China 12.1% (2015)
Australia 25.9%, China 20%, Singapore 12.6%, Malaysia 7.2%, US 4.2%, Indonesia 4.1%, South Korea 4% (2015)
2013 | 2014 | 2015 |
USD 18 million | USD -30 million | USD -28 million |
2013 | 2014 | 2015 |
N/A | N/A | USD 174 million |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | USD 1115.9 million | USD 70.7 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 119 out of 190 countries (2017)
Subcategories:
Starting a business: 130 out of 190 countries
Enforcing Contracts: 170 out of 190 countries
Registering Property: 119 out of 190 countries
Getting Credit: 32 out of 190 countries
Protecting Minority Investors: 87 out of 190 countries
Trading Across Borders: 164 out of 190 countries
Paying Taxes: 94 out of 190 countries
Dealing with Construction Permits: 126 out of 190 countries
Getting Electricity: 103 out of 190 countries
Resolving Insolvency: 137 out of 190 countries
Ranking: 140 / Score: 53.15 (Mostly unfree) (2016)
(100=totally free 0=totally repressed)
Parliamentary democracy (National Parliament) under a constitutional monarchy; a Commonwealth realm
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
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)
1990 | 2000 | 2010 | 2016* | 2021* |
3.758 million | 5.13 million | 6.604 million | 7.911 million | 9.038 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
4% | 13% | 13% | 13% |
Total population: 64.2%
Male: 65.6%
Female: 62.8% (2015 est.)
(age 15 and over can read and write)
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 1.97% Mobile 46.65% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)