Official Name: | The Independent State of Papua New Guinea |
Sovereign Status: | Sovereign Country |
Government Type: | Parliamentary Democracy |
Official Name (Local Language): | Papuaniugini |
ISO Country Codes: | PG : PNG |
Internet Domain: | .pg |
Government Web Site: | http://www.pm.gov.pg/ |
Capital: | Port Moresby | Main Airports: | Jacksons International Airport |
Language(s): | English; Hiri Motu; Tok Pisin | Population: | 7,399,757 |
Currency: | Papua New Guinea Kina | ISO Currency Code: | PGK |
Telephone Dial In: | +675 | ID Prefix: | 05 |
Government Website: | http://www.pm.gov.pg/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/papua-new-guinea |
Central Bank: | Bank of Papua New Guinea |
Currency USD Exchange Rate: | 3.5131 kina (PGK) per US dollar (2020 est.) |
Unemployment Rate: | 2.5% (2017 est.) |
Population below poverty line: | 37% (2002 est.) |
Inflation Rate: | 5.4% (2017 est.) |
Prime Lending Rate: | 8.70% (2019 - World Bank) |
GDP: | $19.82 billion (2017 est.) |
GDP Pro Capita (PPP): | $4,355 (2019 est.) |
Currency Name: | Papua New Guinea Kina |
Currency Code: | PGK |
World Bank Classification: | Lower Middle Income |
GDP Composition:
Agriculture: | 22.3% | coffee, cocoa, copra, palm kernels, tea, sugar, rubber, sweet potatoes, fruit, vegetables, vanilla; poultry, pork; shellfish |
Industry: | 37.6% | copra crushing, palm oil processing, plywood production, wood chip production; mining (gold, silver, copper); crude oil and petroleum products; construction, tourism |
Services: | 40.1% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English |
Customs & Excise: | Papua New Guinea Customs |
Development Bank(s): | Asian Development Bank; National Development Bank; |
National Standards Bureau: | National Institute of Standards and Industrial Technology |
Competitive Ind’l Performance: N/A | Corruption Perceptions Index: 142/180 (2020) |
Ease of Doing Business: 120/190 (2019) | Enabling Trade Index: N/A |
Global Trade Alert | Search ITC's Lega Carta |
World Bank Logistics Performance Index |
Export Credit Agency: Caribbean Export Development Agency ;
Investment Agency: Investment Promotion Authority ; Investment & Export Promotion Agency: Pacific Trade Invest ;
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