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Papua New Guinea

Papua New Guinea ยท PNG ยท Oceania

25

Risk Score

Guardedโ†’ Stable

Risk Factors

No recent events in pipeline

Overview

Papua New Guinea is a resource-rich Pacific island nation, known for its extreme cultural diversity and challenging geography. Its economy is dominated by mining, oil, and gas, alongside agriculture and forestry, but it faces significant governance issues, infrastructure deficits, and high levels of poverty.

Leadership

King Charles III

King (represented by Governor-General Sir Bob Dadae)

GOVERNMENT: Constitutional monarchy, parliamentary democracy

James Marape

Justin Tkatchenko

Rainbo Paita

Economy

GDP

$35.0B

GDP per Capita

$3.5K

GDP Growth

+4.0%

Inflation

5.5%

Unemployment

2.5%

Mining (gold, copper)Oil and gasAgriculture (coffee, cocoa, palm oil)ForestryFishing

Trade

Key Exports

GoldCopperOilNatural gasTimberPalm oil

Key Imports

Machinery and transport equipmentFoodstuffsChemicalsManufactured goodsFuel

Top Partners

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