Papua New Guinea

Description of Papua New Guinea

Papua New Guinea is a nation of stunning natural beauty and cultural diversity located in the southwestern Pacific Ocean. As an island country, it is known for its dense rainforests, rugged mountains, and vibrant coral reefs. Home to hundreds of indigenous tribes speaking over 800 languages, Papua New Guinea boasts a rich tapestry of traditions and customs. With a developing economy primarily reliant on agriculture, mining, and natural resources, the country faces unique challenges and opportunities in its quest for sustainable growth and prosperity.

Population And Age Structure

Papua New Guinea has a total population of 9,749,640, ranking 93rd out of 194 countries. This is below the average global population of 40,097,746. Papua New Guinea's population aged 0-14 is 34.92% of the total population, which is above the average of 27.34%. It ranks 54th globally out of 194 countries. The country's population aged 15-64 makes up 62.05% of the total population, slightly below the global average of 63.44%, ranking at 131 out of 194 countries.

In terms of the population above 65 years old, Papua New Guinea has 3.03% of its population in this age group, significantly below the average of 9.22%. This places Papua New Guinea at the 166th rank out of 194 countries. The total number of individuals above 65 years old in Papua New Guinea is 295,764, highlighting a deviation from the average of 3,766,959 for this age group.

Summary

Papua New Guinea has a relatively young population, with a higher percentage of individuals in the 0-14 age group compared to the global average. However, the percentage of individuals above 65 years old is significantly below the global average. This demographic composition is crucial for policymakers and stakeholders to consider when planning for healthcare, social security, and overall economic development in Papua New Guinea.

Population Miscellaneous

For the attribute "Rural population", Papua New Guinea has a value of 8,448,551, which is significantly below the average of 18,044,041. Papua New Guinea ranks 65th out of 190 countries in this attribute.

Regarding "Rural population (% of total population)", Papua New Guinea's value of 86.655% is well above the average of 41.16%. This places Papua New Guinea at the top rank out of 190 countries.

Looking at "Urban population", Papua New Guinea's value of 1,301,089 is substantially lower than the average of 22,425,747. The country ranks 142nd out of 194 nations in urban population.

For "Urban population (% of total population)", the country's value of 13.345% is notably below the average of 59.69%. This places Papua New Guinea at the 194th position out of 194 countries.

Examining "Age dependency ratio (% of working-age population)", Papua New Guinea has a ratio of 61.16%, slightly above the average of 59.22%. The country ranks 64th out of 194 countries in this aspect.

Looking at the "Birth rate, crude (per 1,000 people)", Papua New Guinea's rate of 25.996 is higher than the average of 19.38. This places the country at the 52nd rank out of 192 countries.

For the "Death rate, crude (per 1,000 people)", Papua New Guinea's rate of 6.402 is below the average of 8.21. This positions the country at 139th out of 192 countries for this statistic.

Lastly, in terms of "Fertility rate, total (births per woman)", Papua New Guinea has a rate of 3.274, higher than the average of 2.60. The country ranks 50th out of 190 countries in this attribute.

Summary

Papua New Guinea has a relatively low rural population compared to the global average but a very high proportion of rural population relative to its total population. The country also has a significantly lower urban population and urban population percentage compared to the average. While Papua New Guinea has a slightly higher age dependency ratio and fertility rate, it also experiences a higher crude birth rate but a lower crude death rate compared to the global averages. These indicators are crucial for understanding the demographic landscape, development challenges, and potential social and economic implications for Papua New Guinea in terms of urbanization, workforce dynamics, healthcare needs, and future population growth.

Military

1. Military expenditure (current USD): Papua New Guinea's military expenditure is $93,461,981.57, significantly below the average of $12,904,993,617.17. The country ranks 124th out of 149 countries in this dataset.

2. Military expenditure (% of GDP): Papua New Guinea's military expenditure as a percentage of GDP is 0.40%, well below the average of 1.90%. The country ranks 142nd out of 148 countries in this dataset.

3. Armed forces personnel, total: Papua New Guinea has 4,000 armed forces personnel, much lower than the average of 165,908.54. The country ranks 150th out of 164 countries in this dataset.

4. Armed forces personnel (% of total labor force): Papua New Guinea's armed forces personnel as a percentage of the total labor force is 0.13%, significantly lower than the average of 1.28%. The country ranks 157th out of 164 countries in this dataset.

Summary

Papua New Guinea allocates a relatively small portion of its GDP towards military expenditure compared to other countries, with a lower number of armed forces personnel both in total and as a proportion of the total labor force. These indicators suggest that Papua New Guinea's focus and investment priorities may lie elsewhere, such as in social development, infrastructure, or other key sectors crucial for the country's development.

Natural Resources

1. Forest area (sq. km): Papua New Guinea has a forest area of 358,557.6 sq. km, which is significantly higher than the average of 211,606.12 sq. km. The country ranks 19th out of 191 countries in this attribute.

2. Land area (sq. km): With a land area of 452,860 sq. km, Papua New Guinea falls below the attribute average of 665,166.51 sq. km. The country is ranked 53rd out of 194 countries.

3. Surface area (sq. km): Papua New Guinea's surface area of 462,840 sq. km is also below the average of 689,779.56 sq. km. The country holds the 55th rank out of 194 countries.

4. Arable land (hectares): The country's arable land of 331,000 hectares is significantly lower than the average of 7,329,543.16 hectares. Papua New Guinea ranks 134th out of 190 countries in this aspect.

5. Land under cereal production (hectares): Papua New Guinea has 3,838 hectares of land under cereal production, notably lower than the average of 4,206,011.63 hectares. The country ranks 153rd out of 174 countries.

6. Average precipitation in depth (mm per year): With an average precipitation of 3,142 mm per year, Papua New Guinea's value far exceeds the average of 1,157.83 mm per year. The country secures the 2nd rank out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Papua New Guinea possesses 801 billion cubic meters of renewable internal freshwater resources, showcasing a substantial surplus compared to the average of 240.41 billion cubic meters. The country ranks 14th out of 178 countries in this category.

Summary

Papua New Guinea stands out for its abundant forest area, high average precipitation, and ample renewable internal freshwater resources. However, the country lags behind in land area, arable land, and land under cereal production compared to global averages. These findings are crucial as they highlight Papua New Guinea's strengths in environmental resources as well as areas where there may be challenges in agriculture and land use efficiency.

Resource Rents

Total natural resources rents (% of GDP): Papua New Guinea's value of 11.94% is notably higher than the average of 4.63%. With a rank of 25 out of 175 countries, it signifies Papua New Guinea's significant reliance on natural resources compared to other nations.

Forest rents (% of GDP): Papua New Guinea's value of 2.24% for forest rents is above the average of 1.53%. Ranked 36 out of 174 countries, Papua New Guinea shows a relatively higher contribution of forest rents to its GDP compared to many other nations.

Oil rents (% of GDP): At 0.71%, Papua New Guinea's oil rents as a percentage of GDP are below the average of 2.51%. With a rank of 37 out of 117 countries, it indicates that Papua New Guinea's oil sector may not be as dominant compared to countries with higher oil rents.

Natural gas rents (% of GDP): Papua New Guinea's natural gas rents account for 5.96% of its GDP, significantly higher than the average of 1.25%. Ranked 5 out of 96 countries, it showcases Papua New Guinea's comparative strength in natural gas production and revenue generation.

Mineral rents (% of GDP): At 3.03%, Papua New Guinea's mineral rents exceed the average of 1.23%. With a rank of 14 out of 86 countries, Papua New Guinea demonstrates a notable reliance on mineral resources for its GDP compared to many other nations.

Summary

Papua New Guinea demonstrates a high reliance on natural resources, with above-average contributions from natural resources such as forests, natural gas, and minerals to its GDP. This indicates the country's economic dependence on resource extraction industries. Understanding these indicators is crucial for assessing Papua New Guinea's economic vulnerability to fluctuations in global commodity prices, environmental risks, and the need for sustainable resource management policies to ensure long-term economic stability.

Commodities

Analysis of Key Agricultural Statistics for Papua New Guinea:

Summary

In analyzing key agricultural statistics for Papua New Guinea, it is evident that the country falls below global averages in various production metrics such as cereal, aquaculture, and fisheries. Additionally, Papua New Guinea's fertilizer consumption is also below the global average, indicating potential challenges in optimizing agricultural productivity and output.

These findings are important as they highlight areas where Papua New Guinea may need to focus on improving efficiency and increasing production to ensure food security and economic growth. Addressing these gaps in production and consumption can contribute to the country's overall agricultural development and sustainability in the long term.

Intellectual Property

1. Industrial design applications, nonresident, by count: Papua New Guinea has a value of 2, well below the average of 1415.83. With a rank of 109 out of 112 countries, there is limited nonresident industrial design activity in the country.

2. Industrial design applications, resident, by count: Papua New Guinea's value of 3 is significantly lower than the average of 9799.58. Ranked 110 out of 113 countries, resident industrial design applications are also scarce in the country.

3. Patent applications, nonresidents: With 53 applications, Papua New Guinea falls below the average of 6538.40. Ranked 81 out of 129 countries, the country does not attract as many nonresident patent applications.

4. Trademark applications, nonresident, by count: Papua New Guinea's 494 applications are below the average of 15878.93. Ranked 117 out of 130 countries, there is relatively lower nonresident interest in trademark applications in the country.

5. Trademark applications, resident, by count: The country's 214 applications are significantly lower than the average of 111055.78. Ranked 114 out of 129 countries, resident trademark applications are also limited in Papua New Guinea.

6. Scientific and technical journal articles: With a value of 59.61, Papua New Guinea falls well below the average of 15103.76. Ranked 143 out of 192 countries, the country produces comparatively fewer scientific and technical journal articles.

Summary

Papua New Guinea lags behind the global average in various key macroeconomic indicators such as industrial design applications, patent applications, trademark applications, and scientific and technical journal articles. This indicates a limited level of innovation, research, and development activities both by residents and nonresidents in the country. These indicators are important as they reflect the country's competitiveness, attractiveness to foreign investment, and capacity for technological advancement and knowledge creation.

Broad Economy Attributes

Analysis:

1. GDP (current US$): Papua New Guinea's GDP of 23,848,445,103.9227 is below the average GDP of 442,870,224,838.6818. It ranks 104 out of 189 countries.

2. GDP, PPP (current international $): The country's GDP, PPP of 38,523,225,366.8816 is significantly below the average of 734,141,122,350.7834. It ranks 115 out of 181 countries.

3. GDP per capita (current US$): With a GDP per capita of 2,446.0846, Papua New Guinea falls below the average of 15,462.1105. It ranks 136 out of 190 countries.

4. GDP per capita, PPP (current international $): The GDP per capita, PPP of 3,951.2459 is notably lower than the average of 21,251.8912. The country ranks 146 out of 181 countries.

5. GNI (current US$): Papua New Guinea's GNI of 23,121,545,742.0532 is below the average GNI of 452,040,815,370.6972. It ranks 103 out of 185 countries.

6. GNI, PPP (current international $): The country's GNI, PPP of 37,349,039,468.6262 is significantly lower than the average of 730,698,223,823.4666. It ranks 115 out of 181 countries.

7. GNI per capita, PPP (current international $): With a GNI per capita, PPP of 3,830, Papua New Guinea is notably below the average of 20,615.7459. It ranks 148 out of 181 countries.

Summary

Papua New Guinea lags behind the global average in key macroeconomic indicators such as GDP, GDP per capita, and GNI. The country's rankings are consistently lower than the average across various measures, indicating a significant economic gap compared to other nations. These findings underscore the need for strategic economic policies and reforms to boost Papua New Guinea's economic growth, enhance prosperity for its citizens, and improve its global competitiveness.

Broad Value Added

- Gross value added at basic prices (GVA) in current US$: Papua New Guinea's value is significantly below the average of $360,070,943,595.12, ranking 94th out of 176 countries.
- Agriculture, forestry, and fishing value added (% of GDP): Papua New Guinea's value is above the average of 10.86%, placing it at 42nd out of 182 countries.
- Agriculture, forestry, and fishing value added in current US$: The country's value is below the average of $19,924,732,828.07, ranking 76th out of 182 countries.
- Services value added (% of GDP): Papua New Guinea's value is below the average of 56.72%, with a rank of 158th out of 183 countries.
- Services value added in current US$: The country's value is considerably below the average of $295,837,711,130.69, ranking 108th out of 183 countries.
- Industry (including construction) value added in current US$: Papua New Guinea's value is well below the average of $118,421,095,413.50, placing it at 95th out of 183 countries.

Summary

Papua New Guinea's Gross Value Added at basic prices is significantly below the global average, while its Agriculture, forestry, and fishing value added as a percentage of GDP is above average. However, the country's Agriculture, forestry, and fishing value added in current US dollars, Services value added as a percentage of GDP, Services value added in current US dollars, and Industry value added in current US dollars are all below their respective global averages. These indicators are important as they highlight Papua New Guinea's economic performance in key sectors compared to other countries, indicating potential areas for growth and development.

Manufacturing Value Added

For Manufacturing, value added (current US$), Papua New Guinea has a value of $401,900,043.18. This is significantly below the average of $76,207,179,589.66. Papua New Guinea ranks 143 out of 173 countries in this attribute.

In terms of Manufacturing, value added (% of GDP), Papua New Guinea's value is 1.69%, which is way below the average of 11.90%. This places Papua New Guinea at rank 169 out of 173 countries.

Regarding Medium and high-tech manufacturing value added (% manufacturing value added), Papua New Guinea scores at 12.61%, lower than the average of 24.49%. This places Papua New Guinea at rank 102 out of 149 countries included in the data.

Summary

Papua New Guinea exhibits lower values in key manufacturing indicators compared to the global averages. This signifies a relatively underdeveloped manufacturing sector within the country, as reflected in its low rankings internationally. This lack of strength in manufacturing could indicate challenges in economic diversification, technological advancement, and overall industrial competitiveness, highlighting areas that may require targeted policy interventions to stimulate growth and improve global economic integration.

Money

Inflation, consumer prices (annual %): Papua New Guinea has an inflation rate of 4.87%, which is below the average of 8.26%. The country ranks 40th out of 165 countries in this attribute data.

Inflation, GDP deflator (annual %): Papua New Guinea has an inflation rate, as measured by the GDP deflator, of 1.63%, significantly below the average of 6.90%. The country ranks 106th out of 188 countries in this dataset.

Summary

Papua New Guinea has a relatively low inflation rate for both consumer prices and GDP deflator compared to global averages, ranking 40th and 106th respectively. These indicators are crucial as they reflect the country's price stability and economic performance, indicating a potentially favorable environment for investment and economic growth.

Investment

Foreign direct investment, net (BoP, current US$): Papua New Guinea received $883,766,223.20 in net FDI, ranking 24th out of 169 countries. The country's value is higher than the average of -$1,615,235,980.51.

Foreign direct investment, net inflows (BoP, current US$): With $112,992,633.55 in net inflows, Papua New Guinea ranks 125th out of 182 countries, below the average of $5,749,271,080.15.

Foreign direct investment, net inflows (% of GDP): Papua New Guinea's FDI inflows account for 0.47% of its GDP, placing it at the 138th position out of 178 countries. The country's value is below the average of 2.61%.

Foreign direct investment, net outflows (BoP, current US$): Papua New Guinea recorded net outflows of $996,758,856.74, placing 42nd out of 156 countries. The country's value is lower than the average of $5,707,991,116.07.

Foreign direct investment, net outflows (% of GDP): The country's net outflows, accounting for 4.18% of its GDP, rank Papua New Guinea 8th out of 155 countries. The value is higher than the average of 1.00%.

Portfolio Investment, net (BoP, current US$): Papua New Guinea's net portfolio investment is $72,686,733.26, ranking 64th out of 159 countries. The value is below the average of $679,559,169.57.

Summary

Papua New Guinea receives significant net foreign direct investment, ranking relatively high globally, but its net inflows and outflows as a percentage of GDP are below average. Additionally, the country's net portfolio investment is below the global average. These indicators are crucial as they reflect the level of foreign investors' interest and engagement in Papua New Guinea's economy, impacting its development, growth, and financial stability.

Debt

Total debt service (% of GNI): Papua New Guinea has a total debt service of 5.65% of its GNI, slightly below the average of 5.98%. This places Papua New Guinea at rank 45 out of 120 countries.

Public and publicly guaranteed debt service (% of GNI): With a value of 4.28%, Papua New Guinea's public debt service is higher than the average of 2.84%. It ranks 27 out of 120 countries.

External debt stocks (% of GNI): Papua New Guinea's external debt stocks account for 78.05% of its GNI, surpassing the average of 65.42%. This places Papua New Guinea at rank 29 out of 120 countries.

Debt service on external debt, total (TDS, current US$): The total debt service on external debt for Papua New Guinea is $1,305,822,714.30, significantly below the average of $9,811,195,839.23. It ranks 57 out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): With a value of $988,517,238.90, Papua New Guinea's debt service on public and publicly guaranteed debt is below the average of $3,310,612,057.60. It ranks 47 out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): The external debt stocks of public and publicly guaranteed debt for Papua New Guinea amount to $5,141,532,954.20, significantly lower than the average of $28,695,879,144.98. Papua New Guinea ranks 70 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Papua New Guinea's external debt stocks from private nonguaranteed sources total $11,946,653,000, well below the average of $33,734,699,285.22. It ranks 30 out of 91 countries.

External debt stocks, total (DOD, current US$): The total external debt stocks for Papua New Guinea amount to $18,046,873,709.30, significantly lower than the average of $73,845,530,111.82. It ranks 53 out of 123 countries.

Summary

Papua New Guinea's debt indicators show a mixed picture. While the country performs relatively well in terms of debt service rankings, with lower total and public debt service compared to averages, it faces challenges with high external debt stocks that exceed the average. This is significant as high levels of external debt can indicate potential risks to the country's financial stability and economic sovereignty, requiring careful management and strategic planning to ensure sustainable development.

Broad Trade Attributes

Regarding Merchandise trade (% of GDP), Papua New Guinea's value of 53.41% is below the attribute average of 60.01%. The country ranks 86 out of 186 countries in the dataset.

As for Trade in services (% of GDP), Papua New Guinea's value of 7.51% is significantly lower than the attribute average of 24.63%. In this aspect, the country holds the 138th rank out of 171 countries.

Summary

Papua New Guinea exhibits a below-average performance in both merchandise trade (% of GDP) and trade in services (% of GDP) compared to other countries. With rankings of 86 and 138 out of the listed countries, respectively, Papua New Guinea faces challenges in maximizing the contribution of trade to its GDP. This is important because a robust trade sector is essential for economic growth, diversification, and global competitiveness.

Net Trade

In terms of Current account balance (BoP, current US$), Papua New Guinea has a value of 3,419,208,075.37, which is significantly higher than the average of 1,443,864,831.49. Papua New Guinea ranks 32 out of 170 countries in this attribute.

For Current account balance (% of GDP), Papua New Guinea's value is 14.34, surpassing the average of -2.36. The country holds the 8th rank out of 170 countries.

When it comes to Net trade in goods and services (BoP, current US$), Papua New Guinea's value is 3,892,732,292.67, higher than the average of 2,604,730,003.57. The country is ranked 34th out of 171 countries.

In Net primary income (BoP, current US$), Papua New Guinea records -744,913,557.54, close to the average of -903,807,529.74. It ranks 95th out of 170 countries in this attribute.

For Net secondary income (BoP, current US$), Papua New Guinea reports 271,389,340.23, above the average of -269,227,340.40. It ranks 92nd out of 170 countries.

Regarding Net trade in goods (BoP, current US$), Papua New Guinea's value of 5,486,979,121.87 is significantly higher than the average of 1,302,831,005.68. The country ranks 34th out of 171 countries.

In Net capital account (BoP, current US$), Papua New Guinea's value is 5,504,260.37, below the average of 136,543,824.05. It ranks 111th out of 159 countries in this attribute.

Finally, in Net financial account (BoP, current US$), Papua New Guinea reports 1,976,329,933.42, surpassing the average of -469,840,994.63. The country holds the 36th rank out of 170 countries.

Summary

Papua New Guinea demonstrates strong performance in various key macroeconomic indicators compared to global averages and ranks relatively high among countries worldwide. Particularly noteworthy are its positive current account balance, robust net trade in goods and services, and significant net financial account surplus. These indicators are crucial as they signal Papua New Guinea's economic stability, strong international trade position, and attractiveness to foreign investors, ultimately contributing to the country's economic growth and development.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Papua New Guinea's value for this attribute is $9,265,618,987.56, which is below the attribute average of $146,238,908,936.30. The country ranks 92 out of 170 countries in this data set.

2. Exports of goods and services (BoP, current US$): The value for Papua New Guinea in this category is $9,174,518,309.87, also falling below the attribute average of $122,938,540,059.78. The country holds the 90th rank out of 170 countries.

3. Goods exports (BoP, current US$): In this aspect, Papua New Guinea's value is $9,076,463,165.18, which is lower than the attribute average of $93,310,581,697.39. The country ranks 85th out of 171 countries in this dataset.

Summary

Papua New Guinea's export performance, as indicated by key macroeconomic indicators, is below the global average across various categories such as exports of goods, services, and primary income, exports of goods and services, and goods exports. The country ranks 92nd, 90th, and 85th out of 170-171 countries in these respective datasets. These findings are crucial as they highlight Papua New Guinea's competitiveness in the global market, its trade relationships, and its economic diversification efforts.

Merchandise Exports

- Papua New Guinea's Merchandise exports (current US$) amount to $9,077,000,000, ranking 87th out of 187 countries. This is significantly below the average of $89,542,711,229.95.

- The country's Agricultural raw materials exports (% of merchandise exports) stand at 3.13%, placing it at the 38th position out of 151 countries. This is slightly above the average of 2.97%.

- Papua New Guinea's Food exports (% of merchandise exports) constitute 17.03% of its exports. It ranks 75th out of 152 countries, below the average of 24.06%.

- Fuel exports (% of merchandise exports) for Papua New Guinea make up 42.42% of its exports, ranking 15th out of 147 countries. This is significantly higher than the average of 13.70%.

- The country's Ores and metals exports (% of merchandise exports) represent 36.04% of its exports, ranking 16th out of 152 countries. This is substantially above the average of 9.10%.

- Papua New Guinea's Merchandise exports by the reporting economy, residual (% of total merchandise exports) are minimal at 0.0015%. It ranks 148th out of 166 countries, significantly below the average of 3.20%.

Summary

Papua New Guinea's merchandise exports are below the global average at $9,077,000,000, ranking 87th out of 187 countries. The country heavily relies on fuel exports, constituting 42.42% of its exports, a significant driver for its economy. However, its agricultural raw materials and food exports percentages are slightly below average, indicating potential areas for growth and diversification to enhance economic stability and resilience. Understanding these export dynamics is crucial for formulating strategies to boost economic growth, reduce dependency on fuel exports, and explore opportunities in other sectors to stimulate overall development.

Technology Exports

Manufactures exports (% of merchandise exports): Papua New Guinea's value for this attribute is 1.33%, significantly below the average of 42.62%. With a rank of 149 out of 152 countries, Papua New Guinea lags behind in this aspect.

High-technology exports (current US$): The focus country's export value is $61,780,228, much lower than the average of $16,655,934,078.80. Papua New Guinea ranks 85th out of 151 countries for this metric.

High-technology exports (% of manufactured exports): Papua New Guinea performs well in this category with a value of 44.80%, surpassing the average of 10.15%. Ranking 4th out of 150 countries, the country demonstrates strength in this area.

Medium and high-tech exports (% manufactured exports): Papua New Guinea's value of 8.06% is well below the average of 34.29%. With a rank of 128 out of 149 countries, there is room for improvement in this aspect of exports.

Summary

Papua New Guinea's performance in key macroeconomic indicators related to exports reflects a mixed picture. While the country demonstrates strength in high-technology exports as a percentage of manufactured exports, it lags significantly in manufactures exports as a percentage of total merchandise exports and medium and high-tech exports. These indicators are important as they reflect Papua New Guinea's level of industrialization, technological advancement, and diversification in exports, highlighting areas where the country may need to focus on to enhance its economic development and global competitiveness.

Service Exports

Papua New Guinea's Service exports amount to $98,055,144.69, significantly below the attribute average of $28,917,292,503.82, placing the country at rank 154 out of 171 countries.

The country's ICT service exports stand at $2,474,284.05, well below the attribute average of $4,578,501,153.77, positioning Papua New Guinea at rank 157 out of 166 countries.

ICT service exports (% of service exports) for Papua New Guinea are at 2.52%, notably lower than the attribute average of 11.75%, placing the country at rank 140 out of 166 countries.

Papua New Guinea's Communications, computer, etc. (% of service exports) is high at 91.16%, surpassing the attribute average of 45.85%, and ranking the country at 3 out of 169 countries.

Transport services (% of service exports) for the country are at 4.25%, below the attribute average of 21.80%, positioning Papua New Guinea at rank 148 out of 169 countries.

Travel services (% of service exports) amount to 0.74% for Papua New Guinea, significantly lower than the attribute average of 26.40%, placing the country at rank 166 out of 167 countries.

Insurance and financial services (% of service exports) for Papua New Guinea stand at 3.85%, below the attribute average of 6.46%, ranking the country at 76 out of 161 countries.

Summary

Papua New Guinea's service exports, particularly ICT services, transportation services, and travel services, are below the attribute averages, indicating potential areas for improvement in the country's service sector. However, the high percentage of communications, computer, etc. in service exports showcases a strength in this specific area. These statistics are important as they highlight Papua New Guinea's current standing in the global service market, identifying both weaknesses and strengths that can guide future policy decisions and economic strategies to enhance competitiveness and growth in the service sector.

Commercial Service Exports

- Commercial service exports (current US$): Papua New Guinea's value of $96,125,488 is significantly below the average of $28,508,218,402. The country ranks 154th out of 171 countries in this attribute data.
- Travel services (% of commercial service exports): Papua New Guinea's value of 0.75% is far below the average of 27.89%. The country ranks 167th out of 167 countries in this attribute data.
- Computer, communications and other services (% of commercial service exports): Papua New Guinea excels in this area with a value of 90.99%, well above the average of 42.44%. The country ranks 1st out of 169 countries in this attribute data.
- Insurance and financial services (% of commercial service exports): Papua New Guinea's value of 3.92% is below the average of 6.97%. The country ranks 79th out of 161 countries in this attribute data.
- Transport services (% of commercial service exports): Papua New Guinea's value of 4.34% is below the average of 23.37%. The country ranks 150th out of 169 countries in this attribute data.

Summary

Papua New Guinea stands out for its dominance in computer, communications, and other services, with a proportion of 90.99% of its commercial service exports, ranking first globally. However, the country lags behind significantly in travel services and transport services, ranking very low in these categories compared to global averages. These findings are crucial as they highlight Papua New Guinea's specialization in certain service sectors while indicating areas that may require improvement to diversify and enhance its service export capabilities.

Broad Import Attributes

- Goods imports (BoP, current US$): Papua New Guinea's goods imports amount to 3,589,484,043.31 USD, which is significantly below the attribute average of 92,007,788,027.17 USD. The country ranks 124th out of 171 countries in this attribute data.
- Imports of goods and services (BoP, current US$): With imports totaling 5,281,786,017.20 USD, Papua New Guinea falls well below the attribute average of 120,321,577,988.12 USD. The country ranks 121st out of 170 countries in this category.
- Imports of goods, services and primary income (BoP, current US$): Papua New Guinea's imports in this category total 6,117,800,252.43 USD, significantly lower than the attribute average of 144,514,428,722.28 USD. The country also holds the 121st rank out of 170 countries included in the dataset.

Summary

Papua New Guinea's imports of goods, goods and services, and goods, services, and primary income are all significantly below the attribute averages, with the country ranking 124th, 121st, and 121st, respectively, out of the countries in the dataset. This indicates a relatively low level of trade activity compared to other nations, which could impact its economic development and global competitiveness.

Merchandise Imports

Merchandise imports (current US$) in Papua New Guinea amount to $3.66 billion. This is significantly below the average of $89.39 billion, ranking Papua New Guinea 131st out of 190 countries in this data set.

Manufactures imports (% of merchandise imports) in Papua New Guinea represent 67.77% of total imports, slightly above the average of 66.76%. This places Papua New Guinea at the 78th position out of 152 countries.

Agricultural raw materials imports (% of merchandise imports) account for 0.71% in Papua New Guinea, which is below the average of 1.27%. The country ranks 119th out of 152 countries in this category.

Food imports (% of merchandise imports) make up 19.77% of Papua New Guinea's imports, exceeding the average of 15.89%. This places the country at the 41st position out of 152 countries.

Fuel imports (% of merchandise imports) constitute 10.79% of Papua New Guinea's imports, slightly below the average of 11.38%. The country ranks 78th out of 152 countries in this aspect.

Ores and metals imports (% of merchandise imports) represent 0.80% in Papua New Guinea, significantly below the average of 2.57%. This places the country at the 124th position out of 152 countries.

Summary

Papua New Guinea has a lower total merchandise import value compared to the global average, positioning it at 131st out of 190 countries. However, the country tends to import a higher proportion of manufactured goods and food, which indicates a focus on these sectors for consumption and possibly production. The lower percentage of imports for ores and metals suggests potential limitations in industrial and mining activities domestically, influencing the country's economic structure and trade dynamics.

Service Imports

- Service imports in Papua New Guinea amount to $1,692,301,973.89, significantly below the average of $27,615,356,170.47, ranking 105th out of 171 countries.
- Communications, computer, etc. constitute 75.87% of PNG's service imports, above the average of 44.40%, ranking 6th out of 169 countries.
- Transport services represent 17.22% of PNG's service imports, falling below the average of 32.90%, ranking 144th out of 169 countries.
- Travel services make up 4.57% of PNG's service imports, lower than the average of 14.14%, ranking 140th out of 169 countries.
- Insurance and financial services account for 2.34% of PNG's service imports, below the average of 8.53%, ranking 152nd out of 169 countries.

Summary

Papua New Guinea's service imports are notably lower than the global average, ranking 105th out of 171 countries. The country has a high proportion of communications, computer, etc. in its service imports, ranking 6th globally. However, its reliance on transport services is below average, ranking 144th. This data is crucial for understanding PNG's economic structure, highlighting areas of strength and weakness in its service imports landscape.

Commercial Service Imports

- Commercial service imports in Papua New Guinea amount to $1.69 billion, ranking 102 out of 171 countries included in the data. The value is significantly below the attribute average of $27.10 billion.

- Computer, communications and other services contribute to 75.86% of Papua New Guinea's commercial service imports, placing the country at rank 5 out of 169 countries. This percentage is notably higher than the attribute average of 41.71%.

- Papua New Guinea allocates 2.34% of commercial service imports to insurance and financial services, positioning the country at rank 154 out of 169. This allocation is lower than the attribute average of 8.85%.

- The percentage of commercial service imports dedicated to transport services in Papua New Guinea is 17.23%, ranking 150 out of 169 countries. This percentage falls below the attribute average of 34.71%.

- Travel services account for 4.57% of commercial service imports in Papua New Guinea, placing the country at rank 140 out of 169. This value is lower than the attribute average of 14.73%.

Summary

Papua New Guinea has a significantly low total commercial service import value compared to the global average. The country heavily relies on computer, communications, and other services for its imports, which is much higher than the average. However, Papua New Guinea allocates a lower percentage of its imports towards insurance, financial, transport, and travel services compared to the global average. These indicators are crucial as they reflect Papua New Guinea's economic structure, trade dependencies, and areas where potential improvements or diversifications could be considered for sustainable economic growth.

Infrastructure

1. For Air transport, freight (million ton-km), Papua New Guinea has a value of 31.85 million ton-km, which is significantly below the average of 1384.37 million ton-km. The country is ranked 62 out of 126 countries in this attribute.

2. In terms of Air transport, registered carrier departures worldwide, Papua New Guinea has 36664 departures, well below the average of 134365.61 departures. The country ranks 50 out of 149 countries in this category.

3. For Air transport, passengers carried, Papua New Guinea transported 932389 passengers, far below the average of 11848242.7 passengers. The country holds the 73rd rank out of 149 countries for this attribute.

4. In Container port traffic (TEU: 20 foot equivalent units), Papua New Guinea has 204518 TEUs, significantly lower than the average of 6907110.27 TEUs. The country is ranked 97 out of 110 countries in this specific attribute.

Summary

Papua New Guinea lags behind the global average in key indicators such as air transport freight, registered carrier departures, passengers carried, and container port traffic. These statistics suggest limitations in the country's transportation infrastructure and connectivity with the global market, which can impact its economic development, trade prospects, and competitiveness on the international stage.

Information Technology Infrastructure

1. Individuals using the Internet (% of population): In Papua New Guinea, 27.73% of the population uses the internet, which is below the average of 64.77%. The country ranks 159 out of 180 countries in this attribute data.

2. Fixed broadband subscriptions: With 21,000 fixed broadband subscriptions in Papua New Guinea, significantly below the average of 6,591,956.35 subscriptions. The country ranks 153 out of 185 countries in this data set.

3. Mobile cellular subscriptions: Papua New Guinea has 4,818,000 mobile cellular subscriptions, below the average of 42,526,463.87 subscriptions. The country ranks 122 out of 193 countries in this attribute data.

Summary

Papua New Guinea lags behind global averages in key indicators of digital connectivity. With a low percentage of individuals using the internet, limited fixed broadband subscriptions, and fewer mobile cellular subscriptions compared to the global average, the country faces challenges in leveraging digital technologies for economic growth and development. Improving these metrics is crucial for Papua New Guinea to bridge the digital divide, enhance communication networks, attract investments, and foster innovation in the digital economy.

Energy Consumption

Analysis of Renewable energy consumption (% of total final energy consumption): Papua New Guinea's renewable energy consumption stands at 54.28%, which is 22.10% higher than the global average of 32.18%. This places Papua New Guinea at the 44th rank out of 191 countries included in the data.

Analysis of CO2 emissions (kt): Papua New Guinea's CO2 emissions are 5491.5 kt, significantly lower than the average of 171895.94 kt. The country ranks 127th out of 188 countries in CO2 emissions data.

Summary

Papua New Guinea excels in renewable energy consumption, surpassing the global average by 22.10% and ranking 44th out of 191 countries. Additionally, the country emits significantly less CO2 compared to the global average, ranking 127th out of 188 countries in CO2 emissions. These statistics are crucial as they showcase Papua New Guinea's commitment to sustainable practices and environmental responsibility, which can enhance its global image and potentially attract investments in clean energy sectors.

Government Balance Sheet

Net acquisition of financial assets (% of GDP): Papua New Guinea has a value of -0.97%, which is below the average of 2.45%. This ranks Papua New Guinea 74th out of 87 countries.

Central government debt, total (% of GDP): Papua New Guinea has a value of 48.68%, which is below the average of 74.12%. Papua New Guinea ranks 40th out of 61 countries.

Net incurrence of liabilities, total (% of GDP): Papua New Guinea has a value of 7.88%, slightly above the average of 7.43%. The country ranks 38th out of 92 countries.

Total reserves (% of total external debt): Papua New Guinea has a value of 14.88%, significantly below the average of 66.13%. This places Papua New Guinea 88th out of 102 countries.

Reserves and related items (BoP, current US$): Papua New Guinea has reserves amounting to $76,371,183.96, much lower than the average of $1,924,407,186.58. This ranks Papua New Guinea 75th out of 171 countries.

Total reserves minus gold (current US$): Papua New Guinea's total reserves minus gold amount to $2,605,186,734.11, far below the average of $74,221,588,171.61. Papua New Guinea ranks 105th out of 161 countries.

Total reserves (includes gold, current US$): Papua New Guinea has total reserves including gold valued at $2,686,185,780.89, significantly lower than the average of $85,708,019,773.47. The country ranks 105th out of 161 countries.

Total reserves in months of imports: Papua New Guinea's reserves in months of imports is 5.27, lower than the average of 7.10. This places Papua New Guinea 85th out of 151 countries.

Summary

Papua New Guinea has below-average values in most key macroeconomic indicators compared to global averages. This indicates potential financial vulnerabilities and limitations in the country's ability to manage external debt, acquire financial assets, and build reserves. These findings are crucial as they highlight areas where Papua New Guinea may need to focus on improving its economic stability and resilience in the face of global economic challenges.

Government Revenue

Revenue, excluding grants (% of GDP): Papua New Guinea's value is 12.93% of GDP, which is below the average of 27.02%. The country ranks 107th out of 122 countries in this attribute.

Grants and other revenue (% of revenue): Papua New Guinea's value is 18.95% of revenue, below the average of 23.54%. The country ranks 46th out of 108 countries in this attribute.

Taxes on goods and services (% of revenue): Papua New Guinea's value is 27.89% of revenue, below the average of 31.82%. The country ranks 81st out of 122 countries in this attribute.

Taxes on international trade (% of revenue): Papua New Guinea's value is 6.29% of revenue, slightly above the average of 6.24%. The country ranks 34th out of 101 countries in this attribute.

Other taxes (% of revenue): Papua New Guinea's value is 0.00% of revenue, significantly below the average of 2.12%. The country ranks 102nd out of 106 countries in this attribute.

Taxes on income, profits and capital gains (% of revenue): Papua New Guinea's value is 46.87% of revenue, well above the average of 24.66%. The country ranks 5th out of 119 countries in this attribute.

Summary

Papua New Guinea exhibits below-average values in key macroeconomic indicators such as Revenue excluding grants, Grants and other revenue, Taxes on goods and services, and Other taxes. However, the country shows strengths in Taxes on international trade and Taxes on income, profits, and capital gains, ranking 34th and 5th respectively out of various countries. These statistics are important as they highlight Papua New Guinea's reliance on income-related taxes and its challenges in generating revenue from other sources.

Taxes

Tax revenue in Papua New Guinea accounts for 11.88% of its GDP, which is below the average of 16.72%. The country ranks 94th out of 123 countries in this attribute.

Taxes on exports make up 4.09% of tax revenue in Papua New Guinea, surpassing the average of 2.54%. With a rank of 7 out of 36 countries, the country demonstrates a comparative strength in this area.

Papua New Guinea's customs and other import duties represent 3.67% of its tax revenue, significantly lower than the average of 9.01%. This places the country at 65th out of 99 countries.

The share of taxes on income, profits, and capital gains in total taxes is 57.83% in Papua New Guinea, well above the average of 38.40%. The country ranks 10th out of 120 countries in this aspect.

With a weighted mean applied tariff rate of 3.63% on all products, Papua New Guinea falls below the average of 5.21%. The country holds the 76th position out of 153 countries in this regard.

Summary

Papua New Guinea's tax revenue as a percentage of its GDP is below the global average, indicating potential room for revenue generation. However, the country demonstrates strength in taxes on exports, showcasing competitiveness in this area. Moreover, the high share of taxes on income, profits, and capital gains suggests a reliance on progressive taxation, which may support social welfare programs. These indicators are crucial as they reflect Papua New Guinea's fiscal policies, revenue streams, and its positioning in the global market.

Government Expenses

Expense (% of GDP): Papua New Guinea's expense as a percentage of GDP is 20.89%, which is below the average of 31.69%. This places Papua New Guinea at rank 95 out of 123 countries.

Compensation of employees (% of expense): The country spends 15.49% of its expenses on employee compensation, below the average of 24.70%. This ranks Papua New Guinea 84th out of 123 countries.

Goods and services expense (% of expense): Papua New Guinea allocates 24.78% of its expenses to goods and services, which is above the average of 14.77%. This places the country at the 17th rank out of 122 countries.

Interest payments (% of expense): With 12.53% of expenses going towards interest payments, Papua New Guinea exceeds the average of 6.85%. This ranks the country 19th out of 121 countries.

Other expense (% of expense): The country's allocation of 0.57% of expenses to other expenses is below the average of 8.29%. This places Papua New Guinea at rank 116 out of 120 countries.

Subsidies and other transfers (% of expense): Papua New Guinea dedicates 46.64% of its expenses to subsidies and transfers, slightly above the average of 43.29%. This ranks the country 53rd out of 121 countries.

Summary

Papua New Guinea's macroeconomic indicators show that the country maintains lower than average expenses as a percentage of GDP, especially in employee compensation, goods and services, and other expenses. However, the country's higher allocation towards interest payments and subsidies/transfers indicates certain areas of financial strain and dependency, which could impact long-term economic stability and growth.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Rural population (% of total population) 1/190
Forest area (sq. km) 19/191
Average precipitation in depth (mm per year) 2/178
Renewable internal freshwater resources, total (billion cubic meters) 14/178
Natural gas rents (% of GDP) 5/96
Foreign direct investment, net outflows (% of GDP) 8/155
Current account balance (% of GDP) 8/170
High-technology exports (% of manufactured exports) 4/150
Communications, computer, etc. (% of service exports, BoP) 3/169
Computer, communications and other services (% of commercial service exports) 1/169
Communications, computer, etc. (% of service imports, BoP) 6/169
Computer, communications and other services (% of commercial service imports) 5/169
Taxes on income, profits and capital gains (% of revenue) 5/119
Taxes on income, profits and capital gains (% of total taxes) 10/120

Ranks in Bottom Decile For:

Attribute Rank/Total
Urban population (% of total population) 194/194
Military expenditure (% of GDP) 142/148
Armed forces personnel, total 150/164
Armed forces personnel (% of total labor force) 157/164
Industrial design applications, nonresident, by count 109/112
Industrial design applications, resident, by count 110/113
Manufacturing, value added (% of GDP) 169/173
Manufactures exports (% of merchandise exports) 149/152
Service exports (BoP, current US$) 154/171
ICT service exports (BoP, current US$) 157/166
Travel services (% of service exports, BoP) 166/167
Commercial service exports (current US$) 154/171
Travel services (% of commercial service exports) 167/167
Insurance and financial services (% of commercial service imports) 154/169
Other taxes (% of revenue) 102/106
Other expense (% of expense) 116/120