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Papua New Guinea Papua New Guinea
Papua New Guinea

Papua New Guinea

Papua New Guinea (PNG; , also US: ; Tok Pisin: Papua Niugini; Hiri Motu: Papua Niu Gini; Torres Strait Creole: Op Deudai), 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 occupies 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 western half of New Guinea forms the Indonesian provinces of Papua and West Papua. It is the world's third largest island country with 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 culturally diverse countries in the world. As of 2019, it is also the most rural, as only 13.25% of its peopl... [More]
  • Last : 48,899.7
  • High : 49,398
  • Low : 48,166.8
  • Max Fluctuation : 181.7
  • Max Fluctuation % : 0.29%
  • Open : 49,197.6
  • Time : 11:27:17
  • Yesterday : 49,400.4
  • Change % : 1.02%
  • Change : 500.7
  • Last : 1,699.92
  • High : 1,701.69
  • Low : 1,697.73
  • Max Fluctuation : 1.15
  • Max Fluctuation % : 0%
  • Open : 1,698.42
  • Time : 01:30:12
  • Yesterday : 1,698.74
  • Change % : 0.07%
  • Change : 1.18
  • Last : 66.26
  • High : 66.35
  • Low : 66.15
  • Max Fluctuation : 0.05
  • Max Fluctuation % : 0.12%
  • Open : 66.15
  • Time : 01:30:12
  • Yesterday : 66.13
  • Change % : 0.2%
  • Change : 0.13
  • Last : 0.8392
  • High : 0.8396
  • Low : 0.8389
  • Max Fluctuation : -
  • Max Fluctuation % : -
  • Open : 0.8391
  • Time : 01:50:07
  • Yesterday : 0.8391
  • Change % : 0.01%
  • Change : 0.0001

Papua New Guinea Currency Markets

Indicator Value Previous Low High Change Change % Time Chart
AUD/PGK Ask 2.7228 - 2.7228 2.7228 0.03 1.15% 2021/03/06 Time 2:21
PGK/AUD Ask 0.3664 - 0.3664 0.3664 0.00 1.13% 2021/03/06 Time 2:21
PGK/USD Ask 0.2811 - 0.2811 0.2846 0.00 0.00% 2021/03/05 Time 16:23
EUR/PGK Ask 4.2199 - 4.2199 4.2199 0.00 0.00% 2021/03/05 Time 8:42
USD/PGK Ask 3.6036 - 3.6036 3.6166 0.00 0.00% 2021/03/05 Time 4:43

Economic Indicators + Forecasts

  • Actual

  • Forecast

Indicator Last Time Previous Range Frequency Metric

Balance of Trade

4898.00 20 Sep 4903 75 : 7131 Quarterly Sep/20

Capital Flows

0 20 Sep -3177 -6984 : 1881 Quarterly

Consumer Price Index Cpi

0 20 Sep 152 90.8 : 153 Quarterly

Coronavirus Cases

0 21 Mar 1429 0 : 1492 Daily Mar/21

Coronavirus Deaths

0 21 Mar 13 0 : 14 Daily Mar/21

Coronavirus Recovered

0 21 Mar 601 0 : 661 Daily Mar/21

Corporate Tax Rate

30.00 20 Dec 30 25 : 30 Yearly

Corruption Index

0 20 Dec 28 20 : 29 Yearly

Corruption Rank

0 20 Dec 137 102 : 162 Yearly

Credit Rating

0 21 Mar : Monthly 30

Crude Oil Production

0 20 Oct 41 3.7 : 115 Monthly

Currency

3.51 21 Mar 3.51 2.04 : 3.54 Daily

Current Account

0 20 Sep 4158 -2266 : 6356 Quarterly

Current Account to GDP

26.70 18 Dec 22.5 -36.1 : 26.7 Yearly Dec/18

Deposit Interest Rate

0.88 19 Dec 0.68 0.33 : 11.49 Yearly

Ease of Doing Business

0 19 Dec 108 95 : 141 Yearly

Exports

0 20 Sep 7264 623 : 10573 Quarterly

Food Inflation

2.00 20 Sep 2.9 -90.4 : 23.73 Quarterly

Foreign Direct Investment

0 20 Sep -398 -799 : 968 Quarterly

Foreign Exchange Reserves

0 20 Nov 2032 1609 : 3064 Monthly

GDP

24.97 19 Dec 23.41 0.23 : 24.97 Yearly

GDP Annual Growth Rate

-4.00 20 Dec 5 -6.34 : 13.5 Yearly

GDP Per Capita Ppp

4387.60 19 Dec 4236 2440 : 4388 Yearly

GDP per capita

2505.10 19 Dec 2418 1012 : 2505 Yearly

Gold Reserves

0 20 Dec 1.96 1.96 : 1.96 Quarterly

Government Budget

-7.60 21 Dec -9 -9 : 3.1 Yearly

Government Debt to GDP

53.60 21 Dec 50.2 16.3 : 53.6 Yearly Dec/21

IP Addresses

0 17 Mar 3252 824 : 4749 Quarterly

Imports

0 20 Sep 2361 518 : 3881 Quarterly

Inflation Rate

5.80 20 Sep 6 -1.61 : 23.16 Quarterly Sep/20

Interest Rate

3.00 20 Nov 3 3 : 16 Daily Nov/20

Internet Speed

0 17 Mar 8431 276 : 8431 Quarterly

Loan Growth

0 20 Oct 5.3 -5.1 : 17.7 Monthly

Military Expenditure

0 18 Dec 71.9 31.8 : 148 Yearly

Minimum Wages

140.80 20 Sep 141 22.96 : 141 Quarterly Sep/20

Personal Income Tax Rate

42.00 20 Dec 42 42 : 47 Yearly

Population

8.95 20 Dec 8.78 2.26 : 8.95 Yearly Dec/20

Sales Tax Rate

10.00 20 Dec 10 10 : 10 Yearly

Social Security Rate

14.40 19 Dec 14.4 14.4 : 14.4 Yearly

Social Security Rate For Companies

8.40 19 Dec 8.4 8.4 : 8.4 Yearly

Social Security Rate For Employees

6.00 19 Dec 6 6 : 6 Yearly

Terrorism Index

0 19 Dec 1.36 0 : 2.04 Yearly

Unemployment Rate

2.40 19 Dec 2.4 2.4 : 2.9 Yearly Dec/19
Indicator Actual Q2/19 Q3/19 Q4/19 Q1/20 2020 Metric
Balance of Trade 4898.00 5234 5552 5476 5568 5511 Sep/20
Corporate Tax Rate 30.00 30 30 30 30 30
Currency 3.51 3.53 3.54 3.55 3.52 3.57
Current Account to GDP 26.70 24 24 24 24 23.5 Dec/18
Deposit Interest Rate 0.88 0.88 0.88 0.5 0.88 0.88
Food Inflation 2.00 3.1 3.1 3.6 3 3.3
GDP 24.97 26 26 26 26 26
GDP Annual Growth Rate -4.00 2.2 2.2 2.2 2.2 2.5
GDP Per Capita Ppp 4387.60 4200 4200 4200 4200 4320
GDP per capita 2505.10 2500 2500 2500 2500 2650
Government Budget -7.60 -3.5 -3.5 -3.5 -3.5 -3.3
Government Debt to GDP 53.60 47 47 47 47 47 Dec/21
Inflation Rate 5.80 3.5 3.5 3.5 3.4 3.6 Sep/20
Interest Rate 3.00 3 3 3 3 3 Nov/20
Minimum Wages 140.80 180 180 180 180 180 Sep/20
Personal Income Tax Rate 42.00 42 42 42 42 42
Population 8.95 9.12 9.12 9.12 9.12 9.29 Dec/20
Sales Tax Rate 10.00 10 10 10 10 10
Social Security Rate 14.40 14.4 14.4 14.4 14.4 14.4
Social Security Rate For Companies 8.40 8.4 8.4 8.4 8.4 8.4
Social Security Rate For Employees 6.00 6 6 6 6 6
Unemployment Rate 2.40 3.5 3.5 3.5 3.5 3.5 Dec/19