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PAPUA NEW GUINEA

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NATIONAL FLAG & NATIONAL EMBL

NATIONAL FLAG NATIONAL EMB

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PAPUA NEW GUINEABRIEF OVERVIEW

It is an Oceanian country that occupies the eastern half of the island of

Guinea and its offshore islands in Melanesia, a region of the south-wes

Ocean north of Australia

Its capital, located along its south-eastern coast, is Port Moresby.

Most culturally diverse countries in the world with 848 languages

One of the most rural, as only 18 per cent of its people live in urban ce

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PAPUA NEW GUINEABRIEF OVERV

CAPITAL Port Moresby

OFFICIAL LANGUAGES Tok Pisin

Hiri Motu(Less than 2

English(1%-2%)

POPULATION 6,552,730 (July 2014 est.)

CURRENCY Papua New Guinean kina

ETHNI C GROUPS Melanesian, Papuan, Negrito, M

Polynesian

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PAPUA NEW GUINEA - POLITY

Papua New Guinea is a Commonwealth realm; as suElizabeth II acts as its Sovereign and Head of State.

The Queen is represented by the Governor-General of PGuinea, currently Sir Michael Ogio.

Actual executive power lies with the Prime Minister, whocabinet of 31 MPs from the ruling Coalition, which ma

government. The current Prime Minister is Peter O'Neill.

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PAPUA NEW GUINEAGEOGRAPHY

At 462,840 km2, Papua New Guinea is the world's fifty-fourth largest c

The highest peak is Mount Wilhelm at 4,509 metres (14,793 ft.).

Papua New Guinea is surrounded by coral reefs

The country is situated on the Pacific Ring of Fire, at the point of

several tectonic plates

Natural resources are gold, copper, silver, natural gas, timber, oil, fishe

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PAPUA NEW GUINEAECONOMY

Papua New Guinea (PNG) is richly endowed with natural resexploitation has been hampered by rugged terrain, land tenure issues, cost of developing infrastructure

Agriculture provides a subsistence livelihood for 85% of the people to provide some 30% of GDP

Mineral deposits, including copper, gold, and oil, account for nearly texport earnings

A consortium led by a major American oil company is constructing

natural gas (LNG) production facility that could begin exporting in 20

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PAPUA NEW GUINEAECONOMY

GDP(PPP)

-Total

-Per Capita

2013 estimate

$19.828 billion

$2,834

GDP(Nominal)

-Total

-Per Capita

2013 estimate

$15.973 billion

$2,283

Population below poverty line 37% (2002 est.)

Inflation Rate 3.8% (2013 est.)

GDP (By Sector) Agriculture: 27.6%

Industry: 39.1%

Services: 33.3% (2013 est.)

Labor Force 4.077 million (2013 est.)Rank 90

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PAPUA NEW GUINEAGLOBAL EXPORIMPORTS

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Exports To India

SOURCE : EXPORT IMPORT DATA BANK

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Imports From India

SOURCE : EXPORT IMPORT DATA BANK

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Import Regulations by Papua New Guinea C

New goods worth up to PGK 200.- for person over 18 ye100.- for persons under 18 years. This does not include radios, tape recorders, tape players, tuners, amplifiers, tv-sets and associated equipment for which a tax will hav

1 litre of alcoholic liquor for persons of 18 years and old

Free Import

Uncanned foodstuffs of animal origin frother than Australia and New Zealand.

Any type of pig meat from New Zeal

fresh or canned.

Prohibited

Pets - the import of pets like cats and dogs is subof Chief Quarantine Officer and may enter only as

Currency Import - there is no restriction on local New Guinean Kina-PGK) and foreign currencies:Import of traveller's cheques is allowed.

Restricted

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Export Regulations by Papua New Guinea C

No information available

Free Export

Items of cultural importance accompaniepermission from the National Museum

NarcoticsProhibited

Weapons and ammunition requires export permissiPolice

Alluvial and raw gold can be exported by licensed

Medicines need to be in their original containers anaccompanied by the doctors prescription

Restricted

P d t E t d b PNG Gl b ll (20

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Products Exported by PNG Globally (20Total Country Trade: $9.37B

Source: Observatory of Economic Complexity

Export Destinations of PNG (2012)

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Export Destinations of PNG (2012)


P d t I t d b PNG Gl b ll (20

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Products Imported by PNG Globally (20Total Country Trade: $7.68B


I t O i i f PNG (2012)

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Import Origins of PNG (2012)


DOING BUSINESS RANKING

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DOING BUSINESS RANKING

SOURCE : WORLD BANK GROUP

G

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Doing Business in PNG

PNG currently enjoys higher exports, improved investment in long lead-time resourincreased government spending and reformand has a historic opportunity to harregional growth.

With opportunity comes challenges:

Poor infrastructure - A lack of quality infrastructure and services can make it diffbusiness and implement projects.

Land ownership - 97% of land in PNG is customary land, owned by the IndigenoNegotiations with landowners can be complex, with no written laws governing th

Political stability - Whilst there was some political uncertainty leading up to the

stable government is now in place. Law and order Many companies doing business in PNG find that security is one o

overheads, due to the countrys law and order issues.

Finding good management staff - Locally, education systems remain challenged, difficult to find a deep pool of suitably educated and skilled staff.

G OBA ENERGY COMPETITIVENESS INDEX

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GLOBAL ENERGY COMPETITIVENESS INDEX

An Index developed by KPMG to measure the competitiveness and performance of governm

policies

Thirteen indicators monitored yearly, divided into four categories:

Out of 146 countries, Papua New Guinea overall ranked 112.

Low performing energy assets

Compatibility with environmental challenges

Ranks 6 well with a score far above the global average due to its low level of CO2 emission

intensity.

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