International Trade in Papua New Guinea

International Trade in Papua New Guinea

After several consecutive years of contraction, the GDP of Papua New Guinea (PNG) made a progress of almost 7% in 2008, due to the good performance in  prices of raw materials of the mining and agricultural sectors and to the success of the discipline in budget policies. After slowing down... Read more

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Market Analyses About Papua New Guinea (3)

Import and Export Services in Papua New Guinea (17)

  • Korea Engineering Consultants Corp.

    Korea Engineering Consultants Corp.

    Engineering Consulting, Papua New Guinea

    KECC is one of the leading engineering consulting firms in Korea, having 50 years of experience since 1963 providing services from the...
  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Papua New Guinea

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...

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Overview About International Trade in Papua New Guinea

Economic Overview

After several consecutive years of contraction, the GDP of Papua New Guinea (PNG) made a progress of almost 7% in 2008, due to the good performance in  prices of raw materials of the mining and agricultural sectors and to the success of the discipline in budget policies. After slowing down by 4.5% in 2009 due to the international financial crises, groth recovered in 2010, reaching 8%. The vast project of liquefied natural gas production has recently started and gives hope for future years of strong growth.

A difficult topography, poor quality infrastructures and the state's control over its facilities have obstructed the development of the economy. The priority of the government is to preserve the economic stability and to counter the effects of the crisis by managing strict monetary policies. It also pursues a previously defined middle-term program concerning the management of its debt, development and taxing system. In a more long-term perspective, the government is also conscious of the progress which must be made in terms of education, healthcare, the justice system, infrastrucures and transport.

Papua New Guinea has one of the highest birth rates of the Oceani...

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