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Papua New Guinea

Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for 75% of the population. Mineral deposits, including copper, gold, and oil, account for nearly two-thirds of export earnings. A consortium led by a major American oil company plans to begin the commercialization of the country's estimated 227 billion cubic meters of natural gas reserves through the construction of a liquefied natural gas (LNG) production facility that could begin exporting in 2013 or 2014; th...  More..

Economy of Papua New Guinea
SOURCE: CIA - The World Factbook
Currency Papua New Guinean Kina
Fiscal Year 01 January - 31 December
GDP (PPP) $14.02 billion (2009 est.)
GDP (per capita) $2,400 (2009 est.)
Exports $4.062 billion (2009 est.)
Imports $2.692 billion (2009 est.)
Main Industries Copra Crushing, Palm Oil Processing, Plywood Production, Wood Chip Production; Mining Of Gold, Silver, and Copper; Crude Oil Production, Petroleum Refining; Construction, Tourism
Exports - Commodities Oil, Gold, Copper Ore, Logs, Palm Oil, Coffee, Cocoa, Crayfish, Prawns
Imports - Commodities Machinery and Transport Equipment, Manufactured Goods, Food, Fuels, Chemicals
Exports Partners Australia 27.2%, Japan 9.2%, China 5.1% (2008)
Imports Partners Australia 42.1%, Singapore 15.5%, China 10.8%, Japan 5.7%, Malaysia 4.3% (2008)

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