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Papua New Guinea Papua New Guinea
Papua New Guinea

Papua New Guinea

Papua New Guinea (PNG; , also US: ; Tok Pisin: Papua Niugini; Hiri Motu: Papua Niu Gini), officially the Independent State of Papua New Guinea (Tok Pisin: Independen Stet bilong Papua Niugini; Hiri Motu: Independen Stet bilong Papua Niu Gini), is a country in Oceania that occupies the eastern half of the island of New Guinea and its offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. Its capital, located along its southeastern coast, is Port Moresby. The western half of New Guinea forms the Indonesian provinces of Papua and West Papua. It is the world's 3rd largest island country with 462,840 km2 (178,700 sq mi).At the national level, after being ruled by three external powers since 1884, Papua New Guinea established its sovereignty in 1975. This followed nearly 60 years of Australian administration, which started during World War I. It became an independent Commonwealth realm in 1975 with Elizabeth II as its queen. It also became a member of the Commonwealth of Nations in its own right. Papua New Guinea is one of the most culturally diverse countries in the world. It is also one of the most rural, as only eighteen per cent of its people live in urban centres. Ther... [More]
  • Last : 9,046.8
  • High : 9,412.6
  • Low : 9,015.2
  • Max Fluctuation : 104
  • Max Fluctuation % : 0.38%
  • Open : 9,325.1
  • Time : 18:35:11
  • Yesterday : 9,334.2
  • Change % : 3.18%
  • Change : 287.4
  • Last : 1,636.64
  • High : 1,654.99
  • Low : 1,625.1
  • Max Fluctuation : 7.32
  • Max Fluctuation % : 0.43%
  • Open : 1,649.82
  • Time : 18:37:43
  • Yesterday : 1,649.67
  • Change % : 0.8%
  • Change : 13.03
  • Last : 49.87
  • High : 50.41
  • Low : 49.02
  • Max Fluctuation : 0.15
  • Max Fluctuation % : 0.06%
  • Open : 49.81
  • Time : 18:36:15
  • Yesterday : 49.87
  • Change % : 0%
  • Change : 0
  • Last : 0.9208
  • High : 0.9234
  • Low : 0.9175
  • Max Fluctuation : 0.01
  • Max Fluctuation % : 0.26%
  • Open : 0.9234
  • Time : 18:36:52
  • Yesterday : 0.9188
  • Change % : 0.22%
  • Change : 0.002

Papua New Guinea Currency Markets

Indicator Value Previous Low High Change Change % Time Chart
USD/PGK Ask 3.4965 3.5088 3.4965 3.5088 0.00 0.00% 2020/02/26 Time 18:36
PGK/USD Ask 0.2933 0.2927 0.2927 0.2933 0.00 0.07% 2020/02/26 Time 18:36
PGK/GBP Ask 0.226 - 0.226 0.226 0.00 0.53% 2020/02/26 Time 12:07
AUD/PGK Ask 2.2472 - 2.2472 2.2472 0.00 0.08% 2020/02/26 Time 3:07
PGK/AUD Ask 0.4444 - 0.4444 0.4444 0.00 0.09% 2020/02/26 Time 3:07

Papua New Guinea Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric

Balance of Trade

6676.00 19 Sep 7349 75 : 7349 Quarterly PGK Million

Consumer Price Index Cpi

0 19 Sep 144 109 : 144 Quarterly points

Corporate Tax Rate

30.00 20 Dec 30 25 : 30 Yearly %

Corruption Index

0 19 Dec 28 20 : 29 Yearly Points

Corruption Rank

0 19 Dec 138 102 : 162 Yearly

Credit Rating

0 20 Feb : Monthly 30

Crude Oil Production

0 19 Sep 51 3.7 : 115 Monthly BBL/D/1K

Currency

3.41 20 Feb 3.41 2.04 : 3.45 Daily

Current Account

0 19 Oct 2479 -2266 : 24564 Monthly PGK Million

Current Account to GDP

26.70 18 Dec 22.5 -36.1 : 26.7 Yearly %

Deposit Interest Rate

0.50 17 Dec 0.6 0.33 : 11.49 Yearly %

Ease of Doing Business

0 19 Dec 108 95 : 141 Yearly

Exports

0 19 Sep 9464 623 : 10574 Quarterly PGK Million

Food Inflation

3.00 19 Sep 3.3 -90.4 : 23.73 Quarterly %

Foreign Exchange Reserves

0 19 Dec 2210 1609 : 3064 Monthly USD Million

GDP

23.43 18 Dec 22.28 0.23 : 23.43 Yearly USD Billion

GDP Annual Growth Rate

0.30 18 Dec 3 -6.34 : 12.5 Yearly %

GDP Per Capita Ppp

3821.00 18 Dec 3881 2218 : 3898 Yearly USD

GDP per capita

2400.20 18 Dec 2438 1012 : 2449 Yearly USD

Gold Reserves

0 19 Dec 1.96 1.96 : 2 Quarterly Tonnes

Government Budget

-2.30 18 Dec -2.4 -7.8 : 3.1 Yearly %

Government Debt to GDP

36.90 18 Dec 37.8 16.3 : 46.9 Yearly %

IP Addresses

0 17 Mar 3252 824 : 4749 Quarterly

Imports

0 19 Sep 2115 518 : 3882 Quarterly PGK Million

Inflation Rate

3.30 19 Sep 3.9 -1.61 : 23.16 Quarterly %

Interest Rate

5.00 19 Dec 5.5 5 : 16 Daily %

Internet Speed

0 17 Mar 8431 276 : 8431 Quarterly

Loan Growth

0 19 Nov 2.4 -5.1 : 17.7 Monthly %

Military Expenditure

0 18 Dec 71.9 31.8 : 148 Yearly

Minimum Wages

140.80 19 Sep 141 22.96 : 141 Quarterly PGK/Week

Personal Income Tax Rate

42.00 20 Dec 42 42 : 47 Yearly %

Population

8.61 18 Dec 8.44 2.26 : 8.61 Yearly Million

Sales Tax Rate

10.00 20 Dec 10 10 : 10 Yearly %

Social Security Rate

14.40 19 Dec 14.4 14.4 : 14.4 Yearly %

Social Security Rate For Companies

8.40 19 Dec 8.4 8.4 : 8.4 Yearly %

Social Security Rate For Employees

6.00 19 Dec 6 6 : 6 Yearly %

Terrorism Index

0 18 Dec 2.04 0 : 2.04 Yearly

Unemployment Rate

2.40 19 Dec 2.4 2.4 : 2.9 Yearly %
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Balance of Trade 6676.00 5234 5552 5560 5568 5511 PGK Million
Corporate Tax Rate 30.00 30 30 30 30 30 %
Currency 3.41 3.43 3.44 3.45 3.42 3.47
Current Account to GDP 26.70 25 25 25 25 24 %
Deposit Interest Rate 0.50 0.5 0 0 0.5 -0.5 %
Food Inflation 3.00 2.3 2.5 2.8 2.5 3.6 %
GDP 23.43 25 25 25 25 26 USD Billion
GDP Annual Growth Rate 0.30 2.5 2.5 2.5 2.5 2.4 %
GDP Per Capita Ppp 3821.00 4100 4100 4100 4100 4100 USD
GDP per capita 2400.20 2527 2527 2527 2527 2590 USD
Government Budget -2.30 -4 -4 -4 -4 -3.5 %
Government Debt to GDP 36.90 41 41 41 41 42 %
Inflation Rate 3.30 3.4 3.2 3.3 3.6 3.5 %
Interest Rate 5.00 5 4.5 4.5 5 4 %
Minimum Wages 140.80 141 141 141 141 180 PGK/Week
Personal Income Tax Rate 42.00 42 42 42 42 42 %
Population 8.61 8.95 8.95 8.95 8.95 9.12 Million
Sales Tax Rate 10.00 10 10 10 10 10 %
Social Security Rate 14.40 14.4 14.4 14.4 14.4 14.4 %
Social Security Rate For Companies 8.40 8.4 8.4 8.4 8.4 8.4 %
Social Security Rate For Employees 6.00 6 6 6 6 6 %
Unemployment Rate 2.40 2.5 2.5 2.5 2.5 2.5 %