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Factsheet updated April 2021. Next update October 2021. Papua New Most data refers to 2019 (*indicates the most recent available) (~indicates 2020 data) Economic Overview Nominal GDP ($US bn)~ 23.6 GDP growth (annual %)~ 16.0 Inflation (annual %)~ 8.0 Real annual GDP Growth (%)~ -3.9 14.0 7.0 GDP per capita ($US)~ 2,684.8 12.0 10.0 6.0 Annual inflation rate (%)~ 5.0 8.0 5.0 Unemployment rate (%)~ - 6.0 4.0 4.0 Fiscal balance (% of GDP)~ -6.2 2.0 3.0 Current account balance (% of GDP)~ 0.0 13.9 2.0 -2.0 Due to the method of estimating value added, pie 1 1.0 Share of GDP* chart may not add up to 100% -4.0 1 -6.0 0.0 2013 2015 2017 2019 2021 2023 2025 2013 2015 2017 2019 2021 2023 2025 1 17.0 , , 1 and fishing, value added (% of GDP) 1 41.6 Industry (including Fiscal balance (% of GDP)~ Current account balance (% of GDP)~ 1 construction), value 0.0 40.0 1 added (% of GDP) -1.0 30.0

1 Services, value added -2.0 20.0 1 36.9 (% of GDP) -3.0 10.0 1 -4.0 0.0 1 -5.0 -10.0 Population*1 -6.0 -20.0 1 3.5 Population ages 0-14 -7.0 -30.0 1 (% of total population) -8.0 -40.0 1 35.5 2013 2015 2017 2019 2021 2023 2025 2013 2015 2017 2019 2021 2023 2025 Population ages 15-64 1 (% of total 1 population) 1 Population ages 65 GDP per capita ($US)~ (1= highly developed, 0= undeveloped) 61.0 1 and above (% of total Data label is global HDI ranking Data label is global GDP per capita ranking 1 population) 0.565 3,500

1 0.560 3,000

1 2,500 0.555 Bank Ease of Doing Business ranking 2020 2,000 0.550 Ghana 118 1,500 0.545 119 1,000

Papua New Guinea 120 0.540 500 153 154 155 156 157 126 127 128 129 130 121 0.535 0 Papua New Papua New 122 Guinea Guinea 1 is the best, 189 is the worst UK rank is 8 Compiled by the FCDO Economics and Evaluation Directorate using data from external sources. Contact [email protected] for more information about this factsheet. Factsheet updated April 2021. Next update October 2021. Most data refers to 2019 (*indicates the most recent available) (~indicates 2020 data) Macroeconomy Population Trade & Investment

Real annual GDP growth (%)~ -3.9 Population (millions)~ 8.78 Current account balance (% of GDP)~ 13.9 GDP at ($US bn)~ 33.7 Population growth rate (% change)~ 2.084 Current account balance ($US bn)~ 3.3 GDP at Purchasing Power Parity per capita ($)~ 3,833.4 Urban population (%) 13.3 Total of goods and services ($US bn) 11.3 GDP at PPP as a share of world (%)~ 0.0 Development Total imports of goods and services ($US bn) 4.9 Government Finance score for 2020 (min 0, max 1)~ 0.43 Exports of goods to UK (£m) 76 General government net debt (% of GDP)~ - Human Development Index (min 0, max 1)* 0.56 Imports of goods from UK (£m) 13 General government gross debt (% of GDP)~ 49.2 at birth (years)* 64.3 Exports of services to UK (£m) 20 Fiscal balance (% of GDP)~ -6.2 Literacy rates (%)* - Imports of services from UK (£m) 22 General government revenue (% of GDP)~ 13.9 Income inequality (equality 0, inequality 100)* - Exports + imports as share of GDP (%) 68.7 General government expenditure (% of GDP)~ 20.1 users (% population)* 11.2 Inward direct investment flow ($US bn)* 0.3 Current health expenditure (% of GDP)* 2.4 Net aid received per capita ($US)* 76.0 Inward direct investment stocks ($US bn)* 4.8 Public expenditure (% of GDP)* 1.9 Doing Business ranking (best 1, worst 189) 120 Emissions & Environment

Military expenditure (% of GDP)* 0.4 (per 1,000 live births) 35.9 CO2 emissions per capita ()* 0.9 Foreign Exchange reserves ($US bn)* 2.3 Fertility Rate* 3.56 Pump price for petrol ($US per litre)* 1.36 Personal remmitances (% of GDP) 0.01 Energy use per capita (kg of oil equivalent)* - Oil production (thousand barrels per day) - Net ODA received (% of GNI) 2.81 Food imports (% share of goods imports)* - Gas production (bn cubic metres per year) - Poverty headcount ratio at $1.90 per day* 38.00 Forest (% of land area)* 79.3 Net energy imports (% of energy use)* - Poverty headcount ratio at $3.20 per day* 65.60 Agricultural land (% of land area)* 2.6 Forecast and comparison with other countries/ Value Global Ranking (1-185) Comparator countries/territories in 2020 Indicator 2020 2021 forecast 2026 forecast 2020 2021 forecast 2026 forecast

Population (million) 8.8 9.0 9.9 95 94 91 Below Austria, Above UK rank is 21 Nominal GDP ($US bn) 23.6 24.5 27.8 105 106 107 Below Honduras, Above UK rank is 5 Above Lower Middle Income Economy UK rank is 22 GDP/capita ($US) 2,685 2,737 3,030 128 128 134 Average ($2174.4) Below Lower Middle Income Economy UK rank is 161 Real annual GDP growth (%) -3.9 3.5 2.8 88 104 104 Average (4%) General government gross debt (% of GDP) All data externally sourced from the IMF World Economic Outlook, WDI 49.2 49.6 43.9 Database, NATO, BP Statistical Review of World Energy, UNCTAD statistics, ONS UK Fiscal balance (% of GDP) -6.2 -5.3 -0.6 Balance of Payments and UN International Human Development Indicators. Factsheets for 185 countries and a detailed sources page can be found on the Economics Annual inflation rate (%) 5.0 3.3 3.2 Unit SharePoint (FCDO users only):

Unemployment rate (%) - - - https://www.gov.uk/government/collections/fco-economic-factsheets Compiled by the FCDO Economics and Evaluation Directorate using data from external sources. Contact [email protected] for more information about this factsheet.