Papua New Guinea (PNG) lies on the eastern half of the island of New Guinea, located between the Coral Sea and the South Pacific Ocean among the islands of Oceania. In 1885, it was divided between Papua New Guinea (north) and the United Kingdom (south). The area controlled by the United Kingdom was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until Papua New Guinea gained its independence in 1975. Papua New Guinea's capital city is Port Moresby, and its official languages are English, Tok Pisin, and Hiri Motu. The currency in Papua New Guinea is the Papua New Guinea kina (PGK).
Papua New Guinea (PNG) had estimated population of 7.911 million in the year 2016 and expected to reach 9.445 million by 2022, it is expected to grow at a CAGR of 2.93%.
Papua New Guinea鈥檚 real gross domestic product (GDP) was expected to be around PGK 24.285 billions in 2016 whereas the nominal GDP was expected to be PGK 61.991 billions. This resulted in GDP deflator 255.27. Per capita GDP was estimated at USD 2528.44 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 3540.98.
In 2016, Papua New Guinea (PNG) government鈥檚 revenue was estimated to be around PGK 10.764 billions whereas the expenditure was estimated to be around PGK 13.504 billions. This resulted Papua New Guinea government鈥檚 net lending / borrowing negative at PGK 2.74 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Papua New Guinea was estimated to be at USD 3.051 billions for the year 2016 and is expected to decline at a CAGR of 4.13% and reach USD 3.088 by 2022. This positive current account balance indicates the Papua New Guinea (PNG) is net lender to the whole world.
Scope of Papua New Guinea (PNG) 鈥� PESTEL Analysis Report
鈥his report provides information about key macroeconomic indicators for Papua New Guinea (PNG).
鈥his report provides PESTEL (political, economic, social, technological, environmental and legal) analysis for Papua New Guinea (PNG).
1. Executive Summary
Scope of Papua New Guinea (PNG) 鈥� PESTEL Analysis Report
Research Methodology
2. Papua New Guinea (PNG) - Country Overview
2.1 People Indicators
2.1.1 Population
2.2 National Accounts Indicators
2.2.1 Real Gross Domestic Product
2.2.2 Nominal Gross Domestic Product
2.2.3 Gross Domestic Product Deflator
2.2.4 Per Capita Gross Domestic Product
2.2.6 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.3 Monetary Indicators
2.3.1 Consumer Price Index (CPI) Inflation
2.4 Trade Indicators
2.4.1 Change in Import Volume of Goods & Services
2.4.2 Change in Export Volume of Goods & Services
2.5 Government Finance Indicators
2.5.1 Government Revenue
2.5.2 Government Expenditure
2.5.3 Government Net Lending / Borrowing
2.5.4 Government Gross Debt
2.6 Balance of Payment Indicators
2.6.1 Current Account Balance
3. PESTEL Analysis
3.1 Political Factors
3.2 Economic Factors
3.3 Social Factors
3.4 Technological Factors
3.5 Environmental Factors
3.6 Legal Factors
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Population of Papua New Guinea (in millions)
Exhibit 2.2 Real GDP of Papua New Guinea (in PGK billions)
Exhibit 2.3 Nominal GDP of Papua New Guinea (in PGK billions)
Exhibit 2.4 Nominal GDP of Papua New Guinea (in USD billions)
Exhibit 2.5 GDP Deflator Index for Papua New Guinea
Exhibit 2.6 Per Capita GDP of Papua New Guinea (in USD)
Exhibit 2.7 PPP Per Capita GDP of Papua New Guinea (in USD)
Exhibit 2.8 Consumer Price Index (CPI) Inflation of Papua New Guinea
Exhibit 2.9 Change in Import Volume of Goods & Services of Papua New Guinea (in %)
Exhibit 2.10 Change in Export Volume of Goods & Services of Papua New Guinea (in %)
Exhibit 2.11 Government Revenue of Papua New Guinea (in PGK billions)
Exhibit 2.12 Government Revenue of Papua New Guinea (in % of GDP)
Exhibit 2.13 Government Expenditure of Papua New Guinea (in PGK billions)
Exhibit 2.14 Government Expenditure of Papua New Guinea (in % of GDP)
Exhibit 2.15 Government Net Lending / Borrowing of Papua New Guinea (in PGK billions)
Exhibit 2.16 Government Net Lending / Borrowing of Papua New Guinea (in % of GDP)
Exhibit 2.17 Government Gross Debt of Papua New Guinea (in PGK billions)
Exhibit 2.18 Government Gross Debt of Papua New Guinea (in % of GDP)
Exhibit 2.19 Current Account Balance of Papua New Guinea (in USD billions)
Exhibit 2.20 Current Account Balance of Papua New Guinea (in % of GDP)
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*If Applicable.
