Papua New Guinea recorded a Current Account surplus of 2256.70 PGK Million in October of 2019. Current Account in Papua New Guinea averaged 774.86 PGK Million from 1997 until 2019, reaching an all time high of 24564.30 PGK Million in June of 2019 and a record low of -2266 PGK Million in December of 2013. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Papua New Guinea Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Papua New Guinea increased to 2338.10 USD Million in December from 2210.10 USD Million in November of 2019. Foreign Exchange Reserves in Papua New Guinea averaged 2059.20 USD Million from 2013 until 2019, reaching an all time high of 3064 USD Million in October of 2013 and a record low of 1609.20 USD Million in May of 2018. This page provides - Papua New Guinea Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Papua New Guinea was estimated at 8.4 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Papua New Guinea had a population of 2.3 million people. The population of Papua New Guinea represents 0.10 percent of the world´s total population which arguably means that one person in every 995 people on the planet is a resident of Papua New Guinea. This page provides - Papua New Guinea Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Papua New Guinea was worth 24 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Papua New Guinea represents 0.02 percent of the world economy. GDP in Papua New Guinea averaged 6.04 USD Billion from 1960 until 2019, reaching an all time high of 24 USD Billion in 2019 and a record low of 0.23 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Papua New Guinea GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Papua New Guinea was last recorded at 5 percent. Interest Rate in Papua New Guinea averaged 7.81 percent from 2001 until 2019, reaching an all time high of 16 percent in June of 2003 and a record low of 5 percent in December of 2019. In Papua New Guinea, the benchmark interest rate is set by the Bank of Papua New Guinea. The official interest rate is the Kina Facility Rate. This page provides - Papua New Guinea Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Papua New Guinea decreased to 50 BBL/D/1K in December from 51 BBL/D/1K in November of 2019. Crude Oil Production in Papua New Guinea averaged 56.53 BBL/D/1K from 1994 until 2019, reaching an all time high of 115 BBL/D/1K in June of 1997 and a record low of 3.70 BBL/D/1K in March of 2005. This page provides - Papua New Guinea Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Papua New Guinea stands at B- with stable outlook. Moody's credit rating for Papua New Guinea was last set at B2 with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Papua New Guinea thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Papua New Guinea as reported by major credit rating agencies.

Papua New Guinea recorded 8 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). Papua New Guinea did not report any Coronavirus Deaths so far. This page includes a chart with historical data for Papua New Guinea Coronavirus Cases.

Papua New Guinea did not report any Coronavirus Deaths so far, according to the World Health Organization (WHO). This page includes a chart with historical data for Papua New Guinea Coronavirus Deaths.

Papua New Guinea recorded 8 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). Papua New Guinea did not report any Coronavirus Deaths so far. This page includes a chart with historical data for Papua New Guinea Coronavirus Recovered.

The value of loans in Papua New Guinea increased 6.10 percent in November of 2019 over the same month in the previous year. Loan Growth in Papua New Guinea averaged 4.48 percent from 2013 until 2019, reaching an all time high of 17.70 percent in October of 2013 and a record low of -5.10 percent in October of 2017. This page provides - Papua New Guinea Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Companies in Papua New Guinea stands at 8.40 percent. In Papua New Guinea, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Papua New Guinea because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Papua New Guinea Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Papua New Guinea is ranked 120 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Papua New Guinea deteriorated to 120 in 2019 from 108 in 2018. Ease of Doing Business in Papua New Guinea averaged 112.17 from 2008 until 2019, reaching an all time high of 141 in 2014 and a record low of 95 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Papua New Guinea.

The Social Security Rate in Papua New Guinea stands at 14.40 percent. In Papua New Guinea, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Papua New Guinea because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Papua New Guinea Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Prime minister escalates dispute over Canada-listed group’s licence

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High Commission of India, Port Moresby
Lot 20, Section 8, Unit 2, Tanatana Street,
Boroko, Port Moresby.
[*Con. acc. to Vanuatu (Port Vila) and Solomon Islands (Honiara)].

Telephone: 00-675-3254757, 3236677, 3232414
Fax: 00-675-3253138 (O), 3201718 (R)
E-Mail: hcipom@datec.net.pg (General), hc.pmoresby@mea.gov.in (High Commissioner), hoc.pmoresby@mea.gov.in (HOC)
Website: www.hcipom.gov.in

High Commissioner*
Dr. A.M. Gondane
First Secretary
C.K.Damodaran

Hayden Library - T174.7.M523 2015