Tok Pisin, English, Hiri Motu, some 839 living indigenous languages are spoken
Economic Overview
Key economic indicators for Papua New Guinea
GDP:
$43.371 billion
GDP per Capita:
$4,200
GDP Growth:
3.04%
Inflation:
2.3%
Unemployment:
2.65%
Public Debt:
48.19% of GDP
Credit Rating:
B- (2020)
Political System
Governance structure of Papua New Guinea
Government Type:
parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Head of State:
King CHARLES III (since 8 September 2022); represented by Governor General Grand Chief Sir Bob DADAE (since 28 February 2017)
Head of Government:
Prime Minister James MARAPE (since 30 May 2019)
Judiciary:
Supreme Court (consists of the chief justice, deputy chief justice, 35 justices, and 5 acting justices); National Courts (consists of 13 courts located in the provincial capitals, with a total of 19 resident judges)
Administrative Divisions:
20 provinces, 1 autonomous region*, and 1 district**; Bougainville*, Central, Chimbu, Eastern Highlands, East New Britain, East Sepik, Enga, Gulf, Hela, Jiwaka, Madang, Manus, Milne Bay, Morobe, National Capital**, New Ireland, Northern, Southern Highlands, Western, Western Highlands, West New Britain, West Sepik
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
1825 K Street NW, Suite 1010, Washington, DC 20006
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
17% (2023 est.)
Industry
36.3% (2023 est.)
Services
42% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$12.93 billion
Imports:
$7.192 billion
Major Trading Partners
China 28
Japan 25
Australia 17
Taiwan 8
India 4
Economic Outlook
Papua New Guinea has a 3.04% GDP growth rate with 2.3% inflation. The economy is characterized by a strong agriculture sector.