PAPUA NEW
GUINEA
Fact sheets are updated biannually; June and December
General information
Capital:
Land area:
Official language(s):
Population:
Currency:
Port Moresby
452,860 sq km
Tok Pisin, English, Hiri Motu
7.7 million (2015)
Kina
Economic indicators (a)
GDP (US$b) (current prices)
GDP per capita (US$)
GDP PPP (Int'l $b)
GDP per capita PPP (Int'l $)
Real GDP growth (% change yoy)
Current account balance (US$b)
Current account balance (% GDP)
Inflation (% change yoy)
Unemployment (% labour force)
Head of State
HM Queen Elizabeth II, represented by the Governor-General HE
Michael Ogio
Head of Government
Prime Minister Hon. Peter O'Neill
2011
2012
2013
2014
2015
2016
12.9
1,871.2
14.3
2,075.2
10.7
-3.0
-23.6
4.4
2.4
15.4
2,147.5
15.7
2,192.8
8.1
-8.2
-53.6
4.5
2.5
15.4
2,098.1
16.9
2,294.5
5.5
-4.9
-31.8
5.0
2.5
16.7
2,211.3
18.6
2,469.6
8.5
-0.7
-4.2
5.3
2.5
16.1
2,084.7
20.5
2,651.8
9.0
0.4
2.8
6.0
na
15.6
1,973.8
21.3
2,694.1
3.1
0.1
0.8
6.0
na
Australia's trade and investment relationship with Papua New Guinea (b)
Australian merchandise trade with Papua New Guinea, 2015 (A$m)
Exports to Papua New Guinea
1,725
Imports from Papua New Guinea
2,985
Total merchandise trade (exports + imports)
4,710
Major Australian exports, 2015 (A$m)
Meat (excl beef), f.c.f.
Civil engineering equipment & parts
Wheat
Specialised machinery & parts
100
94
72
63
Total share
0.7%
1.1%
0.9%
Rank
19th
18th
18th
Major Australian imports, 2015 (A$m)
Gold
Crude petroleum
Silver & platinum
Coffee & substitutes
Growth (yoy)
-22.1%
-18.5%
-19.9%
2,283
363
263
34
*Includes $212m of confidential items & special transactions, 12% of total exports.
Australia's trade in services with Papua New Guinea, 2015 (A$m)
Exports of services to Papua New Guinea
574
Imports of services from Papua New Guinea
442
Major Australian services exports, 2015 (A$m)
Professional, technical & other business
Personal travel excluding education
284
87
Total share
0.9%
0.6%
Rank
23rd
28th
Growth (yoy)
6.5%
20.8%
Major Australian services imports, 2015 (A$m)
Business-related travel
Professional, technical & other business
Australia's investment relationship with Papua New Guinea, 2015 (A$m)
Australia's investment in Papua New Guinea
Papua New Guinea's investment in Australia
Total
18,403
np
156
138
FDI
np
np
Papua New Guinea's global merchandise trade relationships
Papua New Guinea's principal export destinations, 2014
Papua New Guinea's principal import sources, 2014
1 Australia
23.6%
1 Australia
26.5%
2 Japan
3 China
4 Germany
15.6%
9.1%
2.5%
2 Algeria
3 Singapore
4 China
23.2%
11.4%
8.7%
Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources.
(a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable.
(b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December.
All data may be subject to future revisions.
GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures
ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified