Papua New Guinea Country profile

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Papua New Guinea’s (PNG) per capita income lags most of its Pacific Island peers. Low commodity prices, fiscal challenges and ongoing foreign-currency shortages continue to weigh on output and incomes, particularly in the non-mining sector. But indicators of the business climate, creditworthiness and growth are in line with, or slightly stronger, than regional peers. PNG’s natural resources wealth and continued support from bilateral and multilateral development partners bolsters prospects for strengthening in economic and financial conditions.

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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 2019 and 2024 as provided by the IMF. Annual GDP growth is the average between 2019 and 2024. 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