FANDOM


Country summary

Capital

Port Moresby

Borders

Indonesia 820 km

Government type

constitutional parliamentary democracy and a Commonwealth realm

Population

5,940,775 (July 2010 est.)[1]

Population growth

2.09% (2010 est.)[1]

Life expectancy

65.75 years[1]

Unemployment

1.8% (2004)[1]

Index of Economic Freedom

126[2]

Corruption Perceptions Index

154[3]

Doing Business ranking

102[4]


The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives.[1]

Economical characteristicsEdit

  • Currency: Papua New Guinean kina (ISO code: PGK)
  • Central bank discount rate: 7% (31 December 2008)[1]
  • Commercial banks lending rate: 9.27% (31 December 2008)[1]
  • Stock of money (M1): $2.005 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.726 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 3 477 3 521 3 081 3 000 3 536 3 927 4 899 5 605 6 387 8 239
Govt. debt (% of GDP)[6] 63.537 57.742 68.268 69.734
Govt. revenue (% of GDP)[7] 22.871 24.226 26.204 22.467
Govt. expenses (% of GDP)[8] 29.331 30.047 26.923 22.094
Debt to revenue (years) 2.778 2.383 2.605 3.104

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Papua New Guinea", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Papua New Guinea", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Papua New Guinea", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Papua New Guinea", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Papua New Guinea: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Papua New Guinea: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Papua New Guinea: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Papua New Guinea: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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