PAPUA NEW GUINEA

PAPUA NEW GUINEA LOCATION IN MAP

NATIONAL FLAG & NATIONAL EMBLEM

NATIONAL FLAG

NATIONAL EMBLEM

PAPUA NEW GUINEA BRIEF OVERVIEW

It is an Oceanian country that occupies the eastern half of the island of New

Guinea and its offshore islands in Melanesia, a region of the south-western Pacific
Ocean north of Australia
Its capital, located along its south-eastern coast, is Port Moresby.

Most culturally diverse countries in the world with 848 languages

One of the most rural, as only 18 per cent of its people live in urban centres

PAPUA NEW GUINEA BRIEF OVERVIEW

CAPITAL

Port Moresby

OFFICIAL LANGUAGES

Tok Pisin
Hiri Motu(Less than 2%)
English(1%-2%)

POPULATION

6,552,730 (July 2014 est.) Rank 106

CURRENCY

Papua New Guinean kina (PGK)

ETHNIC GROUPS

Melanesian, Papuan, Negrito, Micronesian,

Polynesian

PAPUA NEW GUINEA - POLITY

Papua New Guinea is a Commonwealth realm; as such Queen

Elizabeth II acts as its Sovereign and Head of State.
The Queen is represented by the Governor-General of Papua New
Guinea, currently Sir Michael Ogio.
Actual executive power lies with the Prime Minister, who heads the
cabinet of 31 MPs from the ruling Coalition, which make up the
government. The current Prime Minister is Peter O'Neill.

PAPUA NEW GUINEA GEOGRAPHY

At 462,840 km2, Papua New Guinea is the world's fifty-fourth largest country

The highest peak is Mount Wilhelm at 4,509 metres (14,793 ft.).

Papua New Guinea is surrounded by coral reefs
The country is situated on the Pacific Ring of Fire, at the point of collision of
several tectonic plates
Natural resources are gold, copper, silver, natural gas, timber, oil, fisheries

PAPUA NEW GUINEA ECONOMY

Papua New Guinea (PNG) is richly endowed with natural resources, but
exploitation has been hampered by rugged terrain, land tenure issues, and the high
cost of developing infrastructure
Agriculture provides a subsistence livelihood for 85% of the people & continues
to provide some 30% of GDP
Mineral deposits, including copper, gold, and oil, account for nearly two-thirds of
export earnings
A consortium led by a major American oil company is constructing a liquefied
natural gas (LNG) production facility that could begin exporting in 2014

PAPUA NEW GUINEA ECONOMY

GDP(PPP)
-Total
-Per Capita

2013 estimate
$19.828 billion
$2,834

GDP(Nominal)
-Total
-Per Capita

2013 estimate
$15.973 billion
$2,283

Population below poverty line

37% (2002 est.)

Inflation Rate

3.8% (2013 est.)

GDP (By Sector)

Agriculture: 27.6%
Industry: 39.1%
Services: 33.3% (2013 est.)

Labor Force

4.077 million (2013 est.) Rank 90

PAPUA NEW GUINEA GLOBAL EXPORTS &

IMPORTS

Exports To India

SOURCE : EXPORT IMPORT DATA BANK

Dated: 2/12/2014
Values in US$ Million
Sorted on year 2013-2014

Imports From India

SOURCE : EXPORT IMPORT DATA BANK

Dated: 2/12/2014
Values in US$ Million
Sorted on year 2013-2014

Import Regulations by Papua New Guinea Customs

Free Import

New goods worth up to PGK 200.- for person over 18 years old and PGK
100.- for persons under 18 years. This does not include radios, transistor
radios, tape recorders, tape players, tuners, amplifiers, video recorders,
tv-sets and associated equipment for which a tax will have to be paid
1 litre of alcoholic liquor for persons of 18 years and older

Prohibited

Uncanned foodstuffs of animal origin from countries

other than Australia and New Zealand.
Any type of pig meat from New Zealand, whether
fresh or canned.

Restricted

Pets - the import of pets like cats and dogs is subject to approval
of Chief Quarantine Officer and may enter only as a cargo.
Currency Import - there is no restriction on local currency (Papua
New Guinean Kina-PGK) and foreign currencies: no restrictions.
Import of traveller's cheques is allowed.

Export Regulations by Papua New Guinea Customs

No information available

Free Export

Prohibited

Restricted

Items of cultural importance accompanied by

permission from the National Museum
Narcotics

Weapons and ammunition requires export permission from

Police
Alluvial and raw gold can be exported by licensed dealers only
Medicines need to be in their original containers and need to be
accompanied by the doctors prescription

Products Exported by PNG Globally (2012)

Total Country Trade: $9.37B

Source: Observatory of Economic Complexity

Export Destinations of PNG (2012)

Source: Observatory of Economic Complexity

Products Imported by PNG Globally (2012)

Total Country Trade: $7.68B

Source: Observatory of Economic Complexity

Import Origins of PNG (2012)

Source: Observatory of Economic Complexity

DOING BUSINESS RANKING

SOURCE : WORLD BANK GROUP

Doing Business in PNG

PNG currently enjoys higher exports, improved investment in long lead-time resource projects, and
increased government spending and reform and has a historic opportunity to harness itself to
regional growth.
With opportunity comes challenges:
Poor infrastructure - A lack of quality infrastructure and services can make it difficult to conduct
business and implement projects.
Land ownership - 97% of land in PNG is customary land, owned by the Indigenous people of PNG.
Negotiations with landowners can be complex, with no written laws governing the use of land.
Political stability - Whilst there was some political uncertainty leading up to the 2012 elections, a
stable government is now in place.
Law and order Many companies doing business in PNG find that security is one of their biggest
overheads, due to the countrys law and order issues.
Finding good management staff - Locally, education systems remain challenged, which can make it
difficult to find a deep pool of suitably educated and skilled staff.

GLOBAL ENERGY COMPETITIVENESS INDEX (2012)

An Index developed by KPMG to measure the competitiveness and performance of governments energy
policies
Thirteen indicators monitored yearly, divided into four categories:

Out of 146 countries, Papua New Guinea overall ranked 112.

Low performing energy assets
Compatibility with environmental challenges
Ranks 6 well with a score far above the global average due to its low level of CO2 emissions and low energy
intensity.