{ "Introduction": { "Background": { "text": "
Papua New Guinea (PNG) occupies the eastern half of the island of New Guinea; the western half is part of Indonesia. PNG was first settled between 50,000 and 60,000 years ago. Its harsh geography of mountains, jungles, and numerous river valleys kept many of the arriving groups isolated, giving rise to PNG’s ethnic and linguistic diversity. Around 500 B.C., Austronesian voyagers settled along the coast. Spanish and Portuguese explorers periodically visited the island starting in the 1500s, but none made it into the country’s interior. American and British whaling ships frequented the islands off the coast of New Guinea in the mid-1800s. In 1884, Germany declared a protectorate -- and eventually a colony -- over the northern part of what would become PNG and named it German New Guinea; days later the UK followed suit on the southern part and nearby islands and called it Papua. Most of their focus was on the coastal regions, leaving the highlands largely unexplored.
The UK put its colony under Australian administration in 1902 and formalized the act in 1906. At the outbreak of World War I, Australia occupied German New Guinea and continued to rule it after the war as a League of Nations Mandate. The discovery of gold along the Bulolo River in the 1920s led prospectors to venture into the highlands, where they found about 1 million people living in isolated communities. The New Guinea campaign of World War II lasted from January 1942 to the Japanese surrender in August 1945. After the war, Australia combined the two territories and administered PNG as a UN trusteeship. In 1975, PNG gained independence and became a member of the Commonwealth.
Between 1988-1997, a secessionist movement on the island province of Bougainville, located off the eastern PNG coast, fought the PNG Government, resulting in 15,000-20,000 deaths. In 1997, the PNG Government and Bougainville leaders reached a cease-fire and subsequently signed a peace agreement in 2001. The Autonomous Bougainville Government was formally established in 2005. Bougainvilleans voted in favor of independence in a 2019 non-binding referendum. The Bougainville and PNG governments are in the process of negotiating a roadmap for independence, which requires approval by the PNG parliament.
lower-middle-income Pacific island economy; primarily informal agrarian sector; natural-resource-rich and key exporter of liquified natural gas; collapse in betel nut prices, tighter monetary policy, and improved foreign-exchange availability contributing to declining inflation; challenges include lack of progress in infrastructure, agricultural reform, and corruption
" }, "Real GDP (purchasing power parity)": { "Real GDP (purchasing power parity) 2024": { "text": "$45.487 billion (2024 est.)" }, "Real GDP (purchasing power parity) 2023": { "text": "$43.697 billion (2023 est.)" }, "Real GDP (purchasing power parity) 2022": { "text": "$42.093 billion (2022 est.)" }, "note": "note: data in 2021 dollars" }, "Real GDP growth rate": { "Real GDP growth rate 2024": { "text": "4.1% (2024 est.)" }, "Real GDP growth rate 2023": { "text": "3.8% (2023 est.)" }, "Real GDP growth rate 2022": { "text": "5.7% (2022 est.)" }, "note": "note: annual GDP % growth based on constant local currency" }, "Real GDP per capita": { "Real GDP per capita 2024": { "text": "$4,300 (2024 est.)" }, "Real GDP per capita 2023": { "text": "$4,200 (2023 est.)" }, "Real GDP per capita 2022": { "text": "$4,100 (2022 est.)" }, "note": "note: data in 2021 dollars" }, "GDP (official exchange rate)": { "text": "$32.538 billion (2024 est.)", "note": "note: data in current dollars at official exchange rate" }, "Inflation rate (consumer prices)": { "Inflation rate (consumer prices) 2024": { "text": "0.6% (2024 est.)" }, "Inflation rate (consumer prices) 2023": { "text": "2.3% (2023 est.)" }, "Inflation rate (consumer prices) 2022": { "text": "5.3% (2022 est.)" }, "note": "note: annual % change based on consumer prices" }, "GDP - composition, by sector of origin": { "agriculture": { "text": "17.2% (2024 est.)" }, "industry": { "text": "37.2% (2024 est.)" }, "services": { "text": "41.5% (2024 est.)" }, "note": "note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data" }, "GDP - composition, by end use": { "household consumption": { "text": "43.7% (2017 est.)" }, "government consumption": { "text": "19.7% (2017 est.)" }, "investment in fixed capital": { "text": "10% (2017 est.)" }, "investment in inventories": { "text": "0.4% (2017 est.)" }, "exports of goods and services": { "text": "49.3% (2017 est.)" }, "imports of goods and services": { "text": "-22.3% (2017 est.)" } }, "Agricultural products": { "text": "oil palm fruit, coconuts, bananas, fruits, sweet potatoes, game meat, yams, root vegetables, vegetables, sugarcane (2023)", "note": "note: top ten agricultural products based on tonnage" }, "Industries": { "text": "oil and gas; mining (gold, copper, and nickel); palm oil processing; plywood and wood chip production; copra crushing; construction; tourism; fishing; livestock (pork, poultry, cattle) and dairy farming; spice products (turmeric, vanilla, ginger, cardamom, chili, pepper, citronella, and nutmeg)" }, "Industrial production growth rate": { "text": "3.6% (2024 est.)", "note": "note: annual % change in industrial value added based on constant local currency" }, "Labor force": { "text": "3.66 million (2024 est.)", "note": "note: number of people ages 15 or older who are employed or seeking work" }, "Unemployment rate": { "Unemployment rate 2024": { "text": "2.8% (2024 est.)" }, "Unemployment rate 2023": { "text": "2.7% (2023 est.)" }, "Unemployment rate 2022": { "text": "2.7% (2022 est.)" }, "note": "note: % of labor force seeking employment" }, "Youth unemployment rate (ages 15-24)": { "total": { "text": "3.8% (2024 est.)" }, "male": { "text": "4.6% (2024 est.)" }, "female": { "text": "3% (2024 est.)" }, "note": "note: % of labor force ages 15-24 seeking employment" }, "Remittances": { "Remittances 2023": { "text": "0% of GDP (2023 est.)" }, "Remittances 2022": { "text": "0% of GDP (2022 est.)" }, "Remittances 2021": { "text": "0% of GDP (2021 est.)" }, "note": "note: personal transfers and compensation between resident and non-resident individuals/households/entities" }, "Budget": { "revenues": { "text": "$5.518 billion (2023 est.)" }, "expenditures": { "text": "$6.856 billion (2023 est.)" }, "note": "note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated" }, "Public debt": { "Public debt 2023": { "text": "52.4% of GDP (2023 est.)" }, "note": "note: central government debt as a % of GDP" }, "Taxes and other revenues": { "text": "15.9% (of GDP) (2023 est.)", "note": "note: central government tax revenue as a % of GDP" }, "Current account balance": { "Current account balance 2023": { "text": "$4.183 billion (2023 est.)" }, "Current account balance 2022": { "text": "$4.567 billion (2022 est.)" }, "Current account balance 2021": { "text": "$3.284 billion (2021 est.)" }, "note": "note: balance of payments - net trade and primary/secondary income in current dollars" }, "Exports": { "Exports 2023": { "text": "$12.93 billion (2023 est.)" }, "Exports 2022": { "text": "$14.862 billion (2022 est.)" }, "Exports 2021": { "text": "$11.032 billion (2021 est.)" }, "note": "note: balance of payments - exports of goods and services in current dollars" }, "Exports - partners": { "text": "China 28%, Japan 25%, Australia 17%, Taiwan 8%, India 4% (2023)", "note": "note: top five export partners based on percentage share of exports" }, "Exports - commodities": { "text": "natural gas, gold, copper ore, palm oil, nickel (2023)", "note": "note: top five export commodities based on value in dollars" }, "Imports": { "Imports 2023": { "text": "$7.192 billion (2023 est.)" }, "Imports 2022": { "text": "$8.568 billion (2022 est.)" }, "Imports 2021": { "text": "$6.43 billion (2021 est.)" }, "note": "note: balance of payments - imports of goods and services in current dollars" }, "Imports - partners": { "text": "Australia 27%, China 24%, Singapore 15%, Malaysia 9%, Japan 4% (2023)", "note": "note: top five import partners based on percentage share of imports" }, "Imports - commodities": { "text": "refined petroleum, trucks, rice, plastic products, excavation machinery (2023)", "note": "note: top five import commodities based on value in dollars" }, "Reserves of foreign exchange and gold": { "Reserves of foreign exchange and gold 2023": { "text": "$3.901 billion (2023 est.)" }, "Reserves of foreign exchange and gold 2022": { "text": "$3.983 billion (2022 est.)" }, "Reserves of foreign exchange and gold 2021": { "text": "$3.24 billion (2021 est.)" }, "note": "note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars" }, "Debt - external": { "Debt - external 2023": { "text": "$7.011 billion (2023 est.)" }, "note": "note: present value of external debt in current US dollars" }, "Exchange rates": { "Currency": { "text": "kina (PGK) per US dollar -" }, "Exchange rates 2023": { "text": "3.59 (2023 est.)" }, "Exchange rates 2022": { "text": "3.519 (2022 est.)" }, "Exchange rates 2021": { "text": "3.509 (2021 est.)" }, "Exchange rates 2020": { "text": "3.46 (2020 est.)" }, "Exchange rates 2019": { "text": "3.388 (2019 est.)" } } }, "Energy": { "Electricity access": { "electrification - total population": { "text": "19% (2022 est.)" }, "electrification - urban areas": { "text": "65.1%" }, "electrification - rural areas": { "text": "14.2%" } }, "Electricity": { "installed generating capacity": { "text": "1.148 million kW (2023 est.)" }, "consumption": { "text": "4.399 billion kWh (2023 est.)" }, "transmission/distribution losses": { "text": "328.234 million kWh (2023 est.)" } }, "Electricity generation sources": { "fossil fuels": { "text": "76.4% of total installed capacity (2023 est.)" }, "solar": { "text": "0.1% of total installed capacity (2023 est.)" }, "hydroelectricity": { "text": "21.2% of total installed capacity (2023 est.)" }, "geothermal": { "text": "2% of total installed capacity (2023 est.)" }, "biomass and waste": { "text": "0.3% of total installed capacity (2023 est.)" } }, "Coal": { "imports": { "text": "2,000 metric tons (2023 est.)" } }, "Petroleum": { "total petroleum production": { "text": "32,000 bbl/day (2023 est.)" }, "refined petroleum consumption": { "text": "30,000 bbl/day (2023 est.)" }, "crude oil estimated reserves": { "text": "159.656 million barrels (2021 est.)" } }, "Natural gas": { "production": { "text": "11.57 billion cubic meters (2023 est.)" }, "consumption": { "text": "677.736 million cubic meters (2023 est.)" }, "exports": { "text": "10.892 billion cubic meters (2023 est.)" }, "proven reserves": { "text": "183.125 billion cubic meters (2021 est.)" } }, "Energy consumption per capita": { "Total energy consumption per capita 2023": { "text": "8.781 million Btu/person (2023 est.)" } } }, "Communications": { "Telephones - fixed lines": { "total subscriptions": { "text": "166,000 (2021 est.)" }, "subscriptions per 100 inhabitants": { "text": "2 (2022 est.)" } }, "Telephones - mobile cellular": { "total subscriptions": { "text": "4.1 million (2024 est.)" }, "subscriptions per 100 inhabitants": { "text": "39 (2024 est.)" } }, "Broadcast media": { "text": "5 TV stations: 1 commercial (TV Wan), 2 state-run (National Broadcasting Corporation and EMTV); 1 digital free-to-view network, and 1 satellite network (Click TV or PNGTV); the state-run NBC operates 3 radio networks with multiple repeaters and about 20 provincial stations; several commercial radio stations with multiple transmission points as well as several community stations; transmissions of several international broadcasters are accessible (2023)" }, "Internet country code": { "text": ".pg" }, "Internet users": { "percent of population": { "text": "24% (2023 est.)" } }, "Broadband - fixed subscriptions": { "total": { "text": "22,000 (2022 est.)" }, "subscriptions per 100 inhabitants": { "text": "(2022 est.) less than 1" } } }, "Transportation": { "Civil aircraft registration country code prefix": { "text": "P2" }, "Airports": { "text": "569 (2025)" }, "Heliports": { "text": "3 (2025)" }, "Merchant marine": { "total": { "text": "205 (2023)" }, "by type": { "text": "container ship 6, general cargo 89, oil tanker 4, other 106" } }, "Ports": { "total ports": { "text": "22 (2024)" }, "large": { "text": "0" }, "medium": { "text": "0" }, "small": { "text": "6" }, "very small": { "text": "16" }, "ports with oil terminals": { "text": "8" }, "key ports": { "text": "Kavieng Harbor, Kieta, Port Moresby, Rabaul, Vanimo, Wewak Harbor" } } }, "Military and Security": { "Military and security forces": { "text": "Papua New Guinea Defense Force (PNGDF): Land, Air, Maritime elements