Powered by
PNG Facts
  • Home
  • News
  • Business News
  • Economy News
  • PNG Politics
  • Sports News
  • International News
  • Corruption News
    • Expose Corruption in Papua New Guinea
    • Expose Police Brutality in PNG
    • Gender Based Violence in PNG
    • Kramer Report
  • Mining Watch
    • PNG Kumuls Videos
    • List of Mines in PNG
  • Jobs
    • Jobs in PNG
    • Jobs in PNG
    • Seasonal Employment Overseas
    • Applying for Jobs and Employments in Papua New Guinea
  • Education News
  • Scholarships
  • Health News
  • Bzzmart Online Shopping Platform
  • Pacific
  • Used Cars
    • Used Cars for sale in PNG
  • Buy or Rent Homes
  • Travel
    • City of Port Moresby
    • Adventure and Destination
    • Hotels & Lodges in PNG
    • Hotels & Lodges in Mendi, Southern Highlands Province
    • Hotels & Lodges in Lorengau, Manus Province
    • Hotels in Oro Province
    • Hotels and Lodges in ESP
    • Hotels & Lodges in Kavieng
    • Hotels and lodges in Kimbe
    • PNG Photo Gallery
    • Map of Papua New Guinea
  • PNG
    • Government >
      • PNG National Anthem and Pledge
      • Overview
      • PNG Overseas Missions
      • Office of the PNG Prime Minister >
        • Prime Ministers of Papua New Guinea
      • Papua New Guinea Parliament
      • Provinces in Papua New Guinea >
        • PNG Provincial Goverments
        • Southern Highlands Province
        • West Sepik Provice
      • PNG Government Overseas engagement >
        • List of PNG Parliament Members 2017 - 2022
      • Office of the Papua New Guinea Opposition
      • Politics >
        • PNG Political Parties & Members
        • Papua New Guinea Cabinet Ministers
      • Royal Papua New Guinea Constabulary >
        • PNG Police Recruitments and Applications
    • PNG's Famous People
    • PNG Education System >
      • Overview
      • Education Reform in PNG
      • Study Abroad
      • Universities in Papua New Guinea >
        • University of Papua New Guinea
        • University of Technology PNG
        • Divine Word University
        • University of Goroka
        • Pacific Adventist University
        • University of Natural Resources and Science - PNG
      • Institutions in PNG >
        • Teachers Colleges in Papua New Guinea
      • Research Papers in PNG
    • PNG Economy >
      • PNG EconomyOverview
      • Banks in Papua New Guinea
      • List of Airlines in Papua New Guinea
      • Cost of living in Papua New Guinea
      • Doing Business in Papua New Guinea
    • Health
    • Pacific Jokes
    • Gospel Music
  • Computer Tech
    • Tech Help
    • Top Weebly designed Websites >
      • HOW TO RECOVER FILES WITH SHORT CUTS OR HIDDEN IN FLASH DRIVE OR EXTERNAL HARD DRIVE
      • How to remove Stubborn Computer Virus
      • Creating Login or Sign in Membership page in Weebly sites
      • How to auto insert Table of Content in Word
      • Top Weebly Website Examples and Portfolio
      • Weebly Membership Sign in feature available
    • Send Free SMS in PNG
    • Radio Stations
    • Television stations >
      • Kundu 2 Television Service of Papua New Guinea
  • PNG Information Directory
    • Business Names Registration
    • Registering a Company in PNG
    • Tour Operators in PNG
    • Festivals and Tourism in Papua New Guinea
    • Lae City , Papua New Guinea
    • Armoured Car Services in Papua New Guinea
    • Taxi Services in Port Moresby
  • Computer Resources
  • Classifieds
  • About us
  • Contact Us
  • Competition
  • Advertisement
    • Payments
  • Privacy Policy
  • SP PNG Hunters News
  • Weebly Forums
  • National Football Stadium, Port Moresby
  • Work Permits and VISAs in PNG : Guide
  • Seasonal Workers Program for PNG
  • List Your Business on PNGFacts.com
  • Twodot Business Solutions
  • Become a Sponsor
  • Mt Giluwe Lodge
  • Papua New Guinea Defence Force
    • PNG Defence Force Recruitment and Applications
  • Political parties in PNG
    • PNC Party
    • PANGU Party
    • National Alliance Party
    • United Labour Party ULP
    • People's Progress Party PPP
  • NID PNG
  • Employment VISA in PNG
  • Business VISA
  • Visitor VISA
  • Police Clearance in Solomon Islands
  • PNG Electoral Commission
  • PNG Election Results
  • PNG Kina Exchange Rate
  • PNG Digicel Cup
Papua New Guinea is an island country north of Australia. 

Papua New Guinea (PNG) is rich in gold, oil, gas, copper, silver, timber and is home to abundant fisheries. Its population of less than 7 million is strikingly diverse, organized in small, fragmented social groups and speaking over 800 distinct languages. The economy is highly dualistic, consisting of an enclave based formal sector that focuses mainly on large-scale export of natural resources, and an informal sector dominated by the subsistence and semi-subsistence activities of the majority rural population, although a local non-mineral small and medium enterprise sector is now emerging.

Stronger macroeconomic management in recent years has turned a series of positive external income shocks and large new investments into the longest uninterrupted period of economic growth since the country’s independence in 1975. Despite a significant shock to its export prices, the economy slowed only modestly in 2009, to expand by 5.5 percent, before recovering to around 7 percent growth in 2010 and an expected 9 percent expansion in 2011 (based on information available mid-year). 

The turn-around from the economic crises of the late 1990s has been broadly based. While the USD 15 billion PNG-LNG investment has been the most notable, other investments in communications, construction and real estate, for example, have given significant impetus and created spillovers into other sectors. These investments have supported growth in formal employment, creating shortages of skilled labor. 

There has been important progress in key areas of structural reform in recent years; in particular, opening markets in telecommunications and air transport has produced major welfare gains for the population.  To diversify the economy and increase employment, attention is needed to challenges such as maintaining law and order, improving the business climate, commercializing state-owned enterprises, reducing the regulatory and licensing burden, and equitably accessing resources (including land) for development.  Developing infrastructure – electricity, telecommunications, road and other transport – continues to be a critical precondition for accelerated private sector-led growth.

Translating strong macroeconomic performance and extractive industry revenues into a broad improvement in living standards remains the key challenge for PNG. Ensuring the integrity of the public financial management for service provision, improving efficiency of sectoral spending, raising the performance of the civil service, and improving transparency and accountability in budget management will be crucial in converting the forthcoming windfall revenue into palpable improvement in service delivery. Source: World Bank 

Share this

Click & Install APP.

Download APP
Search Papua New Guinea Database >>

Study Awards 
Scholarships 
Sponsors
Universities

Seasonal Employment
Job/Employment

Study in PNG
Tech Pacific 
Privacy Policy 


PNG News 
Business News
International News
Sports News                                Kumul players' profile
Used Cars 
Government
Constitution
Education
Health
City of Port Moresby
Hotels/Lodges
Faces of PNG
Computer Guides
Weebly Forums
Tok Pisin Dictionary
Adventures Photos 
Travel
Kokoda Track
Tours 
Gospel Music
Survey  
Contact Us
About Us 
Send Free SMS
PNG Jokes 
Subscribe to our weekly newsletter.
​
Useful Sites
  • Scholarships Awards
  • Scholarships for Study Abroad 
  • Study Scholarships ​
  • PNG Online School
Home: PNG News :Travel : Government System: Computer Tech : About us:  Contact : Disclaimer : Sitemap : Login  Copyright & Disclaimer    © 2012 -2025 PNG Facts: All rights reserved: 
 Website developed by  Kilikalo  Technology & Business Solutions Ltd   

About

About 
Contact Us
Our Service 

Terms 

Privacy 
Disclaimer 
Copyright 

Advertisement 

Sitemap 
Get A Webpage 
Advertisement 
​
Donate /Sponsor 
 COPYRIGHT 2025. ALL RIGHTS RESERVED.
  • Home
  • News
  • Business News
  • Economy News
  • PNG Politics
  • Sports News
  • International News
  • Corruption News
    • Expose Corruption in Papua New Guinea
    • Expose Police Brutality in PNG
    • Gender Based Violence in PNG
    • Kramer Report
  • Mining Watch
    • PNG Kumuls Videos
    • List of Mines in PNG
  • Jobs
    • Jobs in PNG
    • Jobs in PNG
    • Seasonal Employment Overseas
    • Applying for Jobs and Employments in Papua New Guinea
  • Education News
  • Scholarships
  • Health News
  • Bzzmart Online Shopping Platform
  • Pacific
  • Used Cars
    • Used Cars for sale in PNG
  • Buy or Rent Homes
  • Travel
    • City of Port Moresby
    • Adventure and Destination
    • Hotels & Lodges in PNG
    • Hotels & Lodges in Mendi, Southern Highlands Province
    • Hotels & Lodges in Lorengau, Manus Province
    • Hotels in Oro Province
    • Hotels and Lodges in ESP
    • Hotels & Lodges in Kavieng
    • Hotels and lodges in Kimbe
    • PNG Photo Gallery
    • Map of Papua New Guinea
  • PNG
    • Government >
      • PNG National Anthem and Pledge
      • Overview
      • PNG Overseas Missions
      • Office of the PNG Prime Minister >
        • Prime Ministers of Papua New Guinea
      • Papua New Guinea Parliament
      • Provinces in Papua New Guinea >
        • PNG Provincial Goverments
        • Southern Highlands Province
        • West Sepik Provice
      • PNG Government Overseas engagement >
        • List of PNG Parliament Members 2017 - 2022
      • Office of the Papua New Guinea Opposition
      • Politics >
        • PNG Political Parties & Members
        • Papua New Guinea Cabinet Ministers
      • Royal Papua New Guinea Constabulary >
        • PNG Police Recruitments and Applications
    • PNG's Famous People
    • PNG Education System >
      • Overview
      • Education Reform in PNG
      • Study Abroad
      • Universities in Papua New Guinea >
        • University of Papua New Guinea
        • University of Technology PNG
        • Divine Word University
        • University of Goroka
        • Pacific Adventist University
        • University of Natural Resources and Science - PNG
      • Institutions in PNG >
        • Teachers Colleges in Papua New Guinea
      • Research Papers in PNG
    • PNG Economy >
      • PNG EconomyOverview
      • Banks in Papua New Guinea
      • List of Airlines in Papua New Guinea
      • Cost of living in Papua New Guinea
      • Doing Business in Papua New Guinea
    • Health
    • Pacific Jokes
    • Gospel Music
  • Computer Tech
    • Tech Help
    • Top Weebly designed Websites >
      • HOW TO RECOVER FILES WITH SHORT CUTS OR HIDDEN IN FLASH DRIVE OR EXTERNAL HARD DRIVE
      • How to remove Stubborn Computer Virus
      • Creating Login or Sign in Membership page in Weebly sites
      • How to auto insert Table of Content in Word
      • Top Weebly Website Examples and Portfolio
      • Weebly Membership Sign in feature available
    • Send Free SMS in PNG
    • Radio Stations
    • Television stations >
      • Kundu 2 Television Service of Papua New Guinea
  • PNG Information Directory
    • Business Names Registration
    • Registering a Company in PNG
    • Tour Operators in PNG
    • Festivals and Tourism in Papua New Guinea
    • Lae City , Papua New Guinea
    • Armoured Car Services in Papua New Guinea
    • Taxi Services in Port Moresby
  • Computer Resources
  • Classifieds
  • About us
  • Contact Us
  • Competition
  • Advertisement
    • Payments
  • Privacy Policy
  • SP PNG Hunters News
  • Weebly Forums
  • National Football Stadium, Port Moresby
  • Work Permits and VISAs in PNG : Guide
  • Seasonal Workers Program for PNG
  • List Your Business on PNGFacts.com
  • Twodot Business Solutions
  • Become a Sponsor
  • Mt Giluwe Lodge
  • Papua New Guinea Defence Force
    • PNG Defence Force Recruitment and Applications
  • Political parties in PNG
    • PNC Party
    • PANGU Party
    • National Alliance Party
    • United Labour Party ULP
    • People's Progress Party PPP
  • NID PNG
  • Employment VISA in PNG
  • Business VISA
  • Visitor VISA
  • Police Clearance in Solomon Islands
  • PNG Electoral Commission
  • PNG Election Results
  • PNG Kina Exchange Rate
  • PNG Digicel Cup