Papua New Guinea FlagPapua New Guinea

Unity In Diversity.

 

General


Population: 6,552,730 (2014), 6,431,902 (2013)
Land Area: 462,840 sq km
Natural Resources: Gold, copper, silver, natural gas, timber, oil, fisheries
Capital: Port Moresby
Political System: Constitutional Parliamentary Democracy
State Leader: Peter Paire O'Neill (August 2nd 2011)
Languages: Melanasian Pidgin, English, Motu
Currency: Kina (PGK)
Major 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%
Major Ethnicities: Melanesian, Papuan, Negrito, Micronesian, Polynesian
Life Expectancy: 66.85 years (2014), 66.66 years (2013)

Economy


GDP Official Exchange Rate: 16.1 billion (2013), 15.79 billion (2012)
GDP Purchasing Power Parity: 19.96 billion (2013), 19.41 billion (2012)
GDP Per Capita (PPP): 2,900 (2013), 2,800 (2012)
GDP Growth Rate: 5.4% (2013), 9.1% (2012)
GDP Structure: Agriculture 27.6%, Industry 39.1%, Services 33.3% (2013)
Labour Force By Occupation: NA
Industries: Copra crushing, palm oil processing, plywood production, wood chip production; mining of gold, silver and copper, crude oil production, petroleum refining; construction, tourism
Agriculture Products: Coffee, cocoa, copra, palm kernels, tea, sugar, rubber, sweet potatoes, fruit, vegetables, vanilla; shell fish, poultry, pork
Human Development Index: 0.491 (157th)(2014), 0.466 (156th)(2013)
Tourism Revenue: 101 million (2001)
Unemployment Rate: 1.9% (2008)

MilitaryPapua New Guinea Map


Army Size: 3 100 (2004)
Budget: 1.4% of GDP (2005)

Current Situation

 

Papua New Guinea is located in Oceania. Papua New Guinea bordered by Indonesia. Papua New Guinea's economy consists for many citizens of subsistence agriculture. However, the resources sector notably oil and mining is very strong. The government has a hard task ahead, as they try to keep the economy balanced and growth high. The government seems so far to be succeeding in obtaining foreign investments and aid from the IMF and World Bank, but much work remains to be done.

(2014) Papua New Guinea's economy continues to grow at a steady rate, although a bit slower in 2013 mainly due to lower commodity prices. The government appears to be doing a good job at attracting further foreign investments.

Thoughts & Comments

 

Sources

CIA World Factbook: Papua New Guinea
Wikipedia: Papua New Guinea
http://hdrstats.undp.org/en/countries/profiles/PNG.html

Updated on: November 22nd, 2014