Peter Ilau was appointed Ambassador of Papua New Guinea (PNG) to the Republic of Indonesia in March 2011.
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Embassy Address

Embassy of the Independent State of Papua New  Guinea in Indonesia

Contact information
Panin Bank Center, 6th Floor
Jalan Jenderal Sudirman No. 1
Jakarta 10270 - Indonesia

Telp: 6221 725 1218
Fax: 6221 720 1012
Email: kdujkt@cbn.net.id
www.kundu-jakarta.com

All applications will be processed in four (4) working days

Visa section will be opened for lodging application
from 8.30 – 11.30 hours Monday – Friday
Collection of passport
from 13.00 – 15.00 hours Monday - Thursday,
on Friday collection will be opened from 13.00 – 14.00 hours

Economy

Economy - overview:
Papua New Guinea (PNG) is richly endowed with natural resources, but exploitation has been hampered by rugged terrain, land tenure issues, and the high cost of developing infrastructure. The economy has a small formal sector, focused mainly on the export of those natural resources, and an informal sector, employing the majority of the population. Agriculture provides a subsistence livelihood for 85% of the people. Mineral deposits, including copper, gold, and oil, account for nearly two-thirds of export earnings. Natural gas reserves amount to an estimated 227 billion cubic meters. A consortium led by a major American oil company is constructing a liquefied natural gas (LNG) production facility that could begin exporting in 2014. As the largest investment project in the country's history, it has the potential to double GDP in the near-term and triple Papua New Guinea's export revenue.

An American-owned firm also opened PNG's first oil refinery in 2004 and is building a second LNG production facility. The government faces the challenge of ensuring transparency and accountability for revenues flowing from this and other large LNG projects. In 2011 and 2012, the National Parliament passed legislation that created an offshore Sovereign Wealth Fund (SWF) to manage government surpluses from mineral, oil, and natural gas projects. In recent years, the government has opened up markets in telecommunications and air transport, making both more affordable to the people. Numerous challenges still face the government of Peter O'NEILL, including providing physical security for foreign investors, regaining investor confidence, restoring integrity to state institutions, promoting economic efficiency by privatizing moribund state institutions, and maintaining good relations with Australia, its former colonial ruler. Other socio-cultural challenges could upend the economy including chronic law and order and land tenure issues. The global financial crisis had little impact because of continued foreign demand for PNG's commodities.

GDP (purchasing power parity):
$16.7 billion (2011 est.)
country comparison to the world: 135
$15.3 billion (2010 est.)
$14.28 billion (2009 est.)
note: data are in 2011 US dollars

GDP (official exchange rate):
$11.4 billion (2011 est.)

GDP - real growth rate:
9% (2011 est.)
country comparison to the world: 8
7% (2010 est.)
5.5% (2009 est.)

GDP - per capita (PPP):

$2,500 (2011 est.)
country comparison to the world: 178
$2,400 (2010 est.)
$2,300 (2009 est.)
note: data are in 2011 US dollars

GDP - composition by sector:
agriculture: 30.3%
industry: 37.7%
services: 32.1% (2011 est.)

Labor force:
3.896 million (2011 est.)
country comparison to the world: 91

Labor force - by occupation:
agriculture: 85%
industry: NA%
services: NA% (2005)

Unemployment rate:
1.9% (2008 est.)
country comparison to the world: 9
1.8% (2004)

Population below poverty line:

37% (2002 est.)

Household income or consumption by percentage share:
lowest 10%: 1.7%
highest 10%: 40.5% (1996)

Distribution of family income - Gini index:
50.9 (1996)
country comparison to the world: 20

Investment (gross fixed):
19.3% of GDP (2011 est.)
country comparison to the world: 129

Budget:
revenues: $4.191 billion
expenditures: $4.151 billion (2011 est.)

Taxes and other revenues:
36.8% of GDP (2011 est.)
country comparison to the world: 53

Budget surplus (+) or deficit (-):
0.3% of GDP (2011 est.)
country comparison to the world: 42

Public debt:
22.3% of GDP (2011 est.)
country comparison to the world: 110
25.7% of GDP (2010 est.)

Inflation rate (consumer prices):
8.4% (2011 est.)
country comparison to the world: 180
6% (2010 est.)

Central bank discount rate:
14% (31 December 2010 est.)
country comparison to the world: 46
6.92% (31 December 2009 est.)

Commercial bank prime lending rate:
10.9% (31 December 2011 est.)
country comparison to the world: 91
10.45% (31 December 2010 est.)

Stock of narrow money:
$3.86 billion (31 December 2011 est.)
country comparison to the world: 104
$2.893 billion (31 December 2010 est.)

Stock of broad money:
$6.337 billion (31 December 2011 est.)
country comparison to the world: 118
$4.933 billion (31 December 2010 est.)

Stock of domestic credit:
$3.412 billion (31 December 2011 est.)
country comparison to the world: 122
$2.647 billion (31 December 2010 est.)

Market value of publicly traded shares:
$NA (31 December 2011)
country comparison to the world: 75
$6.632 billion (31 December 2006)

Agriculture - products:
coffee, cocoa, copra, palm kernels, tea, sugar, rubber, sweet potatoes, fruit, vegetables, vanilla; poultry, pork; shellfish

Industries:
copra crushing, palm oil processing, plywood production, wood chip production; mining (gold, silver, and copper); crude oil production, petroleum refining; construction, tourism

Industrial production growth rate:

10% (2010 est.)
country comparison to the world: 10

Electricity - production:
2.965 billion kWh (2008 est.)
country comparison to the world: 127

Electricity - consumption:
2.757 billion kWh (2008 est.)
country comparison to the world: 131

Electricity - exports:
0 kWh (2009 est.)

Electricity - imports:
0 kWh (2009 est.)

Oil - production:
30,570 bbl/day (2010 est.)
country comparison to the world: 69

Oil - consumption:
33,000 bbl/day (2010 est.)
country comparison to the world: 110

Oil - exports:
8,029 bbl/day (2009 est.)
country comparison to the world: 99

Oil - imports:
14,770 bbl/day (2009 est.)
country comparison to the world: 130

Oil - proved reserves:
88 million bbl (1 January 2011 est.)
country comparison to the world: 73

Natural gas - production:
130 million cu m (2009 est.)
country comparison to the world: 77

Natural gas - consumption:
130 million cu m (2009 est.)
country comparison to the world: 103

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 163

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 115

Natural gas - proved reserves:

226.5 billion cu m (1 January 2011 est.)
country comparison to the world: 44

Current account balance:

-$2.42 billion (2011 est.)
country comparison to the world: 156
-$632.5 million (2010 est.)

Exports:
$7.566 billion (2011 est.)
country comparison to the world: 104
$5.746 billion (2010 est.)

Exports - commodities:

oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns

Exports - partners:
Australia 27.9%, Japan 9.1%, China 7.1% (2010)

Imports:
$4.945 billion (2011 est.)
country comparison to the world: 126
$3.529 billion (2010 est.)

Imports - commodities:
machinery and transport equipment, manufactured goods, food, fuels, chemicals

Imports - partners:

Australia 42.1%, Singapore 13.1%, China 7.9%, Japan 6.6%, US 4.3% (2010)

Reserves of foreign exchange and gold:
$3.19 billion (31 December 2011 est.)
country comparison to the world: 99
$3.092 billion (31 December 2010 est.)

Debt - external:
$1.719 billion (31 December 2011 est.)
country comparison to the world: 142
$1.622 billion (31 December 2010 est.)

Stock of direct foreign investment - at home:
$NA

Stock of direct foreign investment - abroad:

$NA

Exchange rates:
kina (PGK) per US dollar -
2.2056 (2011 est.)
2.7193 (2010 est.)
2.7551 (2009)
2.6956 (2008)
3.03 (2007)

Fiscal year:
calendar year