PAPUA NEW

GUINEA
Fact sheets are updated biannually; August and February
General information
Capital: Port Moresby Head of State
Land area: 452,860 sq km HM Queen Elizabeth II, represented by the Governor-General HE Sir
Official language(s): Tok Pisin, English, Hiri Motu Bob Dadae
Population: 8.6 million (2019) Head of Government
Prime Minister Hon James Marape
Currency: Kina

Economic indicators (a) 2015 2016 2017 2018 2019 2020

GDP (US$b) (current prices) 21.7 20.8 22.7 24.0 24.8 23.3
GDP per capita (US$) 2,742.9 2,567.6 2,755.5 2,853.2 2,884.3 2,651.5
GDP PPP (Int'l $b) 28.7 30.2 31.9 32.4 34.6 33.9
GDP per capita PPP (Int'l $) 3,627.5 3,737.1 3,861.5 3,840.5 4,018.2 3,860.9
Real GDP growth (% change yoy) 9.5 4.1 3.5 -0.9 4.9 -3.3
Current account balance (US$b) 5.6 6.1 6.8 6.3 5.5 3.4
Current account balance (% GDP) 25.6 29.4 29.9 26.2 22.2 14.7
Inflation (% change yoy) 6.0 6.7 5.4 4.7 3.7 3.4
Unemployment (% labour force) na na na na na na

Australia's trade and investment relationship with Papua New Guinea (b)
Australian merchandise trade with Papua New Guinea, 2019-20 (A$m) Total share Rank Growth (yoy)
Exports to Papua New Guinea 2,352 0.6% 18th -3.9%
Imports from Papua New Guinea 3,957 1.3% 17th -3.3%
Total merchandise trade (exports + imports) 6,309 0.9% 18th -3.5%

Major Australian exports, 2019-20 (A$m) Major Australian imports, 2019-20 (A$m)
Civil engineering equipment & parts 152 Gold 3,668
Crude petroleum 132 Crude petroleum 127
Meat (excl beef), f.c.f. 124 Silver & platinum 87
Wheat 83 Coffee & substitutes 23

*Includes $559m of confidential items & special transactions, 24% of total exports.

Australia's trade in services with Papua New Guinea, 2019-20 (A$m) Total share Rank Growth (yoy)
Exports of services to Papua New Guinea 456 0.5% 29th -15.1%
Imports of services from Papua New Guinea 341 0.4% 31st -19.4%
Major Australian services exports, 2019-20 (A$m) Major Australian services imports, 2019-20 (A$m)
Professional, technical & other business 155 Personal travel excluding education 113
Education-related travel 77 Business-related travel 80

Australia's investment relationship with Papua New Guinea, 2019 (A$m) Total FDI
Australia's investment in Papua New Guinea 15,975 np
Papua New Guinea's investment in Australia 1,313 np
Papua New Guinea's global merchandise trade relationships
Papua New Guinea's principal export destinations, 2018 Papua New Guinea's principal import sources, 2018
1 Australia 20.1% 1 Australia 34.2%
2 Singapore 18.2% 2 China 16.6%
3 China 17.4% 3 Singapore 11.1%
4 Japan 13.4% 4 Malaysia 8.8%

Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
(a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable.
(b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December.
All data may be subject to future revisions.
GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures
ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified