Oceania > Papua New Guinea

Papua New Guinea

Capital: Port Moresby; GDP growth (annual %) 2016 : N/A
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Key Facts
Full name: The Independent State of Papua New Guinea
Population: 6.9 million (UN, 2010)
Area: 462,840 sq km (178,704 sq miles)
Major language: English, Tok Pisin, Hiri Motu
Major religions: Christianity, indigenous beliefs
Life expectancy: 61 years (men), 66 years (women) (UN)
Monetary unit: 1 kina = 100 toea
Main exports: Gold, petroleum, copper, coffee, palm oil, logs
GNI per capita: US $1,300 (World Bank, 2010)
Internet domain: .pg
International dialling code: +675
  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Papua New Guinea Year in Review 2016

    2017/04/17

    Lower returns from the extraction and agriculture sectors and a world fall in commodity prices combined to curb Papua New Guinea’s economic increase in 2016, though prospects for a modest rebound this year are firming up.

    Corrections necessary

    In early November the government amended its year-end GDP increase projections to 2%, significantly lower than the 4.3% estimate under the 2016 budget, half due to a weaker performance from the mining sector. Increase in non-mining GDP was as well revised downwards to 2.5% from the 3.2% projected at the start of the year.

  • Papua New Guinea Year in Review 2014

    2015/02/14

    A surge in gas exports will set Papua New Guinea on course for an economic boom in 2015 with some estimates putting GDP increase at a stellar 21%. However, tumbling oil prices are likely to take some of the shine off export receipts, limiting the government\\\'s ambitious plan to slash deficit.

    The 2015 budget, unveiled in November, projects 15.5% GDP increase for the coming year. This is approaching double the official estimate expansion for 2014 of 8.4%, with increase this year to be fuelled largely by the commissioning of a $19bn ExxonMobil-led liquid natural gas (LNG) development, next shipments began from the initial phase in May.