List of countries in the regions listed in the regional table

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, ...

 
 
Source
Central bank

Bank of Papua New Guinea

International Reserves

USD 2.2 billion (2018)

Gross Domestic Product - GDP

USD 21.3 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 30.9 billion (2018, estimate)

Real GDP growth
2014 2015 2016 2017* 2018*
15.4% 5.3% 1.7% 2.4% 0.0%

*Estimate

GDP per capita - current prices

USD 2,530.2 (2018, estimate)

GDP per capita - PPP

Intl$ 3,662.0 (2018, estimate)

GDP (PPP) - share of world total

0.02% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 22.1% 
  • industry: 42.9% 
  • services: 35.0%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2014 2015 2016 2017* 2018*
6.0% 6.7% 4.9% 5.2% 3.9%

*Estimate

Unemployment rate

N/A

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
29.9% 33.7% 33.1% 35.5% 41.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-4.6% -4.7% -2.5% -3.9% -4.9%

*Estimate

Government bond ratings

Standard & Poor's: B

Moody's: B2

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD 6.4 billion (2018 estimate)

Current account balance by percentage of GDP

27.4 % (2018 estimate)

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

N/A

Shares in world total merchandising export

0.05% (2018)

Shares in world total commercial services export

0.007% (2018)

Total exports

USD 9.9 billion (2018 estimate)

Export commodities

Liquefied natural gas, oil, gold, copper ore, nickel, cobalt logs, palm oil, coffee, cocoa, copra, spice (turmeric, vanilla, ginger, and cardamom), crayfish, prawns, tuna, sea cucumber

Total imports

USD 4.4 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Australia 18.9%, Singapore 17.5%, Japan 13.8%, China 12.7%, Philippines 4.7%, Netherlands 4.2%, India 4.2% (2017)

Imports - major partners

Australia 30.1%, China 17.3%, Singapore 10.2%, Malaysia 8.2%, Indonesia 4% (2017)

FDI inflows
2016 2017 2018
USD -40 million USD -180 million USD 335million
FDI outflows
2016 2017 2018
USD -0.03 million USD -0.03 million USD -342.71 million million
Value of cross-border M&A, by country of purchaser

N/A

Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

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: 120 out of 190 countries (2017)

Subcategories:

Starting a Business: 142 out of 190 countries

Dealing with Construction Permits: 122 out of 190 countries

Getting Electricity: 118 out of 190 countries

Registering Property: 127 out of 190 countries

Getting Credit: 48 out of 190 countries

Protecting Minority Investors: 72 out of 190 countries

Paying Taxes: 118 out of 190 countries

Trading across Borders: 125 out of 190 countries

Enforcing Contracts: 173 out of 190 countries

Resolving Insolvency: 144 out of 190 countries

World Bank - Doing Business 2019

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 101 / Score: 58.4 (Mostly unfree) (2018)

(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

Parliamentary democracy (National Parliament) under a constitutional monarchy; a Commonwealth realm

Languages

Tok Pisin (official), English (official), Hiri Motu (official), some 839 indigenous languages spoken (about 12% of the world's total); many languages have fewer than 1,000 speakers

Religions

Roman Catholic 26%, Protestant 64.3% (Evangelical Lutheran 18.4%, Seventh Day Adventist 12.9%, Pentecostal 10.4%, United Church 10.3%, Evangelical Alliance 5.9%, Anglican 3.2%, Baptist 2.8%, Salvation Army .4%), other Christian 5.3%, non-Christian 1.4%, u

Total population
1990 2000 2010 2015 2020*
3.76 million 5.13 million 6.68 million 7.92 million 8.78 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
3.7% 13.0% 13.2% 13.2%
Population median age

23.4 years (2016 estimate)

Population growth rate

1.67% (2018 estimate)

Life expectancy

67.5 years (2018 estimate)

Literacy

Total population: 64.2% 
Male: 65.6% 
Female: 62.8%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

65.6% (last available estimate, 2009)

Inequality of wealth distribution (Gini index)

41.9 (last available estimate, 2009)

Freedom House rating

Political Rights: 4
Civil Liberties: 3 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed: 1.9%

Mobile: 47.6% (2017) (fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

11.21 % (2017)

Mercer Cost of living index

N/A

CO2 emissions

0.8 metric tons per capita (2014)