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Papua New Guinea Papua New Guinea
Papua New Guinea

Papua New Guinea

Papua New Guinea (abbreviated PNG; , also US: ; Tok Pisin: Papua Niugini; Hiri Motu: Papua Niu Gini), officially the Independent State of Papua New Guinea (Tok Pisin: Independen Stet bilong Papua Niugini; Hiri Motu: Independen Stet bilong Papua Niu Gini), is a country in Oceania that comprises the eastern half of the island of New Guinea and its offshore islands in Melanesia (a region of the southwestern Pacific Ocean north of Australia). Its capital, located along its southeastern coast, is Port Moresby. The country is the world's third largest island country with an area of 462,840 km2 (178,700 sq mi).At the national level, after being ruled by three external powers since 1884, Papua New Guinea established its sovereignty in 1975. This followed nearly 60 years of Australian administration, which started during World War I. It became an independent Commonwealth realm in 1975 with Elizabeth II as its queen. It also became a member of the Commonwealth of Nations in its own right. Papua New Guinea is one of the most linguistically diverse countries in the world. There are 851 known languages in the country, of which 11 now have no known speakers. As of 2019, it is also the most rural, as only 13.25% of its p... [More]
  • Last : 24,307.87
  • High : 24,413.95
  • Low : 24,231.07
  • Max Fluctuation : 55.92
  • Max Fluctuation % : 0.11%
  • Open : 24,282.46
  • Time : 04:38:51
  • Yesterday : 24,282.46
  • Change % : 0.1%
  • Change : 25.41
  • Last : 1,799.19
  • High : 1,802.3
  • Low : 1,798.83
  • Max Fluctuation : 1.1
  • Max Fluctuation % : 0.1%
  • Open : 1,802.2
  • Time : 04:39:01
  • Yesterday : 1,803.64
  • Change % : 0.25%
  • Change : 4.45
  • Last : 91.66
  • High : 91.94
  • Low : 91.22
  • Max Fluctuation : 0.64
  • Max Fluctuation % : 0.48%
  • Open : 91.27
  • Time : 04:37:13
  • Yesterday : 91.88
  • Change % : 0.24%
  • Change : 0.22
  • Last : 0.9752
  • High : 0.9754
  • Low : 0.9747
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.9748
  • Time : 04:38:33
  • Yesterday : 0.9747
  • Change % : 0.05%
  • Change : 0.0005

Papua New Guinea Currency Markets

Indicator Value Previous Low High Change Change % Time Chart
EUR/PGK Ask 3.7103 - 3.7103 3.7252 0.01 0.39% 2022/08/15 Time 4:38
USD/PGK Ask 3.6166 3.6298 3.6166 3.6298 0.01 0.36% 2022/08/15 Time 4:37
GBP/PGK Ask 4.3902 4.3892 4.3881 4.4051 0.01 0.32% 2022/08/15 Time 4:10
PGK/GBP Ask 0.2226 - 0.2226 0.2226 0.00 0.00% 2022/06/01 Time 16:05
AUD/PGK Ask 2.5642 - 2.5642 2.5642 0.00 0.00% 2022/06/01 Time 16:05
PGK/AUD Ask 0.3895 - 0.3895 0.3895 0.00 0.00% 2022/06/01 Time 16:05

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Metric
Balance of Trade
8740 21 Dec 6105 PGK Million
Capital Flows
-4450 21 Dec -4713 PGK Million
Consumer Price Index CPI
164 22 Mar 162 points
Coronavirus Cases
44820 22 Aug 44819 Persons
Coronavirus Deaths
662 22 Jul 658 Persons
Coronavirus Vaccination Rate
6.48 22 Aug 6.26 doses per 100 people
Coronavirus Vaccination Total
644840 22 Aug 623255 doses
Corporate Tax Rate
30 21 Dec 30 percent
Corruption Index
31 21 Dec 27 Points
Corruption Rank
124 21 Dec 142
Credit Rating
27 22 Aug
Crude Oil Production
36 22 Mar 36 BBL/D/1K
Currency
3.52 22 Aug 3.52
Current Account
6917 21 Dec 4990 PGK Million
Current Account to GDP
18.6 21 Dec 16.9 percent of GDP
Deposit Interest Rate
0.88 19 Dec 0.68 percent
Ease of Doing Business
120 19 Dec 108
Exports
10620 21 Dec 8654 PGK Million
Food Inflation
6.2 22 Mar 5.2 percent
Foreign Direct Investment
-191 21 Dec 270 PGK Million
Foreign Exchange Reserves
3081 22 Mar 3184 USD Million
GDP
26.59 21 Dec 24.67 USD Billion
GDP Annual Growth Rate
-2.4 21 Dec -2.8 percent
GDP per capita
2655 21 Dec 2666 USD
GDP per capita PPP
4046 21 Dec 4063 USD
Gold Reserves
1.96 22 Jun 1.96 Tonnes
Government Budget
-6 21 Dec -8.1 percent of GDP
Government Debt to GDP
51.5 21 Dec 48.9 percent of GDP
IP Addresses
3633 17 Mar 3252 IP
Imports
1880 21 Dec 2549 PGK Million
Inflation Rate
6.9 22 Mar 5.7 percent
Interest Rate
3 22 Jun 3 percent
Internet Speed
7028 17 Mar 8431 KBps
Loan Growth
-4.2 22 Feb 1 percent
Military Expenditure
87 20 Dec 80.8 USD Million
Minimum Wages
141 21 Dec 141 PGK/Week
Personal Income Tax Rate
42 21 Dec 42 percent
Population
9.12 21 Dec 8.95 Million
Terrorism Index
0.69 19 Dec 1.36
Unemployment Rate
2.8 21 Dec 2.7 percent
Indicator Actual Q1 Q2 Q3 Q4 Metric
Balance of Trade 8740 5568 5401 5552 5552 PGK Million
Corporate Tax Rate 30 30 30 30 percent
Currency 3.52 3.56 3.6 3.63 3.67
Current Account to GDP 18.6 19.5 18.4 18.4 percent of GDP
Deposit Interest Rate 0.88 1.13 1.38 1.38 1.63 percent
Food Inflation 6.2 3.3 3.3 3.3 3.3 percent
GDP 26.59 26 26 30.31 USD Billion USD Billion
GDP Annual Growth Rate -2.4 4 4 4 4 percent
GDP per capita 2655 2650 2650 2650 USD USD
GDP per capita PPP 4046 4320 4320 4320 USD USD
Government Budget -6 -5.3 -5.3 -5.3 -5.3 percent of GDP
Government Debt to GDP 51.5 52.1 52.5 52.5 percent of GDP
Inflation Rate 6.9 6 5 3 3 percent
Interest Rate 3 3.5 3.75 3.75 3.75 percent
Military Expenditure 87 71.94 70.8 69.66 66.48 USD Million
Minimum Wages 141 180 180 180 PGK/Week PGK/Week
Personal Income Tax Rate 42 42 42 42 percent
Population 9.12 9.29 9.29 9.29 Million Million
Unemployment Rate 2.8 2.9 2.9 2.9 2.9 percent