Skip to main content
19 July 2021 | dataset

ADB

The gross domestic product (GDP) of Papua New Guinea (PNG) grew at an annual average rate of nearly 7% between 2007 and 2010, and is expected to perform even better in 2011. Moreover, the economy remained unaffected even at the peak of the global economic crisis, when most other major Southeast Asian and Pacific economies recorded low or negative GDP growth rates. Sound macroeconomic management in the recent past and planned initiatives such as the PNG LNG Project indicate that the economy will continue to perform well in the medium to long run. Nevertheless, the country faces a number of development challenges. Per capita GDP and its growth rate remain low. The economy is heavily dependent on the mining and resource sectors, and hence remains vulnerable to fluctuations in the global markets. A majority of the people in the labor force work in the informal sector, and opportunities for productive employment in the formal sector continue to grow very slowly. Provision of public services, including education, health, and safe drinking water and sanitation, remains
inadequate, especially in the rural areas.

Data and Resource

pdf
2018 PNG economic survey

Based on the latest NSO figures, it is now…

pdf
Pacific Transport Update

The work of the Asian Development Bank (ADB)…

pdf
Papua New Guinea: Critical Development Constraints

The gross domestic product (GDP) of Papua New…

pdf
ASIAN DEVELOPMENT BANK MEMBER FACT SHEET :PAPUA NEW GUINEA.

The economy of Papua New Guinea (PNG) is…

pdf
ADB health bond

Asia and the Pacific have made unprecedented…

Field Value
Publisher Asian Development Bank
Modified 11 February 2022
Release Date 19 July 2021
Identifier a22d22b7-7f79-49df-aae2-783b01a300f7
Spatial / Geographical Coverage Location Papua New Guinea
Relevant Countries Papua New Guinea
License Public
[Open Data]