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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, ...
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 15.4% | 5.3% | 1.7% | 2.4% | 0.0% |
*Estimate
(2016 estimate)
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 6.0% | 6.7% | 4.9% | 5.2% | 3.9% |
*Estimate
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 29.9% | 33.7% | 33.1% | 35.5% | 41.4% |
*Estimate
| 2014 | 2015 | 2016 | 2017* | 2018* |
| -4.6% | -4.7% | -2.5% | -3.9% | -4.9% |
*Estimate
Standard & Poor's: B
Moody's: B2
Standard & Poor's / Moody's (Updated as of January 24th 2017)
27.4 % (2018 estimate)
N/A
0.05% (2018)
0.007% (2018)
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
Machinery and transport equipment, manufactured goods, food, fuels, chemicals
Australia 18.9%, Singapore 17.5%, Japan 13.8%, China 12.7%, Philippines 4.7%, Netherlands 4.2%, India 4.2% (2017)
Australia 30.1%, China 17.3%, Singapore 10.2%, Malaysia 8.2%, Indonesia 4% (2017)
| 2016 | 2017 | 2018 |
| USD -40 million | USD -180 million | USD 335million |
| 2016 | 2017 | 2018 |
| USD -0.03 million | USD -0.03 million | USD -342.71 million million |
N/A
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: 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
Ranking: 101 / Score: 58.4 (Mostly unfree) (2018)
(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 839 indigenous languages spoken (about 12% of the world's total); many languages have fewer than 1,000 speakers
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
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 3.76 million | 5.13 million | 6.68 million | 7.92 million | 8.78 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 3.7% | 13.0% | 13.2% | 13.2% |
Total population: 64.2%
Male: 65.6%
Female: 62.8%
Definition: age 15 and over can read and write (2015 est.)
65.6% (last available estimate, 2009)
41.9 (last available estimate, 2009)
Political Rights: 4
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 1.9%
Mobile: 47.6% (2017) (fixed-telephone subscribers and mobile-cellular subscribers)