Papua New Guinea

oil and gas; mining (gold, copper, and nickel); palm oil processing; plywood and wood chip production; copra crushing; construction; tourism; fishing; livestock (pork, poultry, cattle) and dairy farming; spice products (turmeric, vanilla, ginger, cardamom, chili, pepper, citronella, and nutmeg)

3.66 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

lower-middle-income Pacific island economy; primarily informal agrarian sector; natural-resource-rich and key exporter of liquified natural gas; collapse in betel nut prices, tighter monetary policy, and improved foreign-exchange availability contributing to declining inflation; challenges include lack of progress in infrastructure, agricultural reform, and corruption

China 28%, Japan 25%, Australia 17%, Taiwan 8%, India 4% (2023)

note: top five export partners based on percentage share of exports

Australia 27%, China 24%, Singapore 15%, Malaysia 9%, Japan 4% (2023)

note: top five import partners based on percentage share of imports

oil palm fruit, coconuts, bananas, fruits, sweet potatoes, game meat, yams, root vegetables, vegetables, sugarcane (2023)

note: top ten agricultural products based on tonnage

natural gas, gold, copper ore, palm oil, nickel (2023)

note: top five export commodities based on value in dollars

refined petroleum, trucks, rice, plastic products, excavation machinery (2023)

note: top five import commodities based on value in dollars

15.9% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

$32.538 billion (2024 est.)

note: data in current dollars at official exchange rate

3.6% (2024 est.)

note: annual % change in industrial value added based on constant local currency