Attribute | Value |
---|---|
Geography | |
Area | 462,840 km² |
Continent | Australia |
Land area | 452,860 km² |
Water area | 9,980 km² |
Land boundaries | 824 km |
Border countries |
|
Coastline | 5,152 km |
Mean elevation | 667 m |
Lowest point | 0 m |
Highest point | 4,509 m |
People | |
Population | 7,259,456 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Independent State of Papua New Guinea |
Short country name | Papua New Guinea |
Long local name | Add |
Short local name | Papuaniugini |
Former name |
|
Government type | Parliamentary democracy |
Capital | Port Moresby |
Economy | |
GDP (PPP) | 30,190,000,000 USD |
GDP (OER) | 19,820,000,000 USD |
GDP (real growth rate) | 2.5 % |
GDP - per capita (PPP) | 3,700 USD |
Gross national saving | 36.8 % of GDP |
Labor force | 3,681,000 |
Unemployment rate | 2.5 % |
Population below poverty line | 37 % |
Budget revenues | 3,638,000,000 USD |
Budget expenditures | 4,591,000,000 USD |
Military expenditures | 0.27 % of GDP |
Taxes and other revenues | 18.4 % of GDP |
Budget surplus or deficit | -4.8 % of GDP |
Public debt | 36.9 % of GDP |
Inflation rate | 5.4 % |
Central bank discount rate | 14 % |
Commercial bank prime lending rate | 8.4 % |
Stock of narrow money | 5,409,000,000 USD |
Stock of broad money | 5,409,000,000 USD |
Stock of domestic credit | 7,091,000,000 USD |
Market value of publicly traded shares | 10,710,000,000 USD |
Current account balance | 4,859,000,000 USD |
Exports | 8,522,000,000 USD |
Imports | 1,876,000,000 USD |
Reserves of foreign exchange and gold | 1,735,000,000 USD |
External debt | 17,940,000,000 USD |
National currency | kina |
National currency (code) | PGK |
National currency (symbol) | K |
National currency rate to USD | 3.179 |
The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives. Since 2001, Bougainville has experienced autonomy; a referendum asking the population if they would like independence or greater self rule is tentatively scheduled for October 2019.