Reflecting a strong global economic rebound, Papua New Guinea (PNG) reversed its downward economic growth trajectory in 2021. The World Bank estimates that the PNG economy contracted by 3.5 percent in...
Papua New Guinea (PNG), the Pacific region's largest economy, is rich in natural resources but performs poor when it comes to social sector outcome. Although PNG is classified as a lower-middle-income...
In 2020, Papua New Guinea faced three crises: the COVID-19 health emergency, an economic contraction, and political turmoil. The economy contracted by 3.8 percent in 2020 and will rebound by 3.5 percent...
Papua New Guinea’s economy has been hit hard by the COVID-19 crisis due to weaker demand and less favorable terms of trade. Pandemic-related global and national movement restrictions have weakened external...
Papua New Guinea’s economy continues to face economic headwinds resulting from global and domestic economic uncertainties. PNG’s real GDP, despite rebounding to 5.6 percent in 2019, is expected to fall...
Papua New Guinea’s (PNG) economy has started recovering from a series of external shocks, but its growth outlook remains fragile due to rising uncertainties. The recovery is being observed in the resource...