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Papua New Guinea Country profile

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February 2019

Papua New Guinea’s per capita income lags most of its Pacific Island peers. The lack of foreign currency has stymied imports and is weighing heavily on the non-mining sector. But the business climate is better than most other Pacific economies, while creditworthiness and growth are on par with the peer average.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country’s ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.