Papua New Guinea | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 3.17 3.2 3.23 3.27 3.3 3.8 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 9.00 8 7 7 7 4.5 percent [+]
GDP 16.93 17.65 18.31 18.31 18.31 23 USD Billion [+]
GDP per capita 1783.69 1834 1885 1885 1885 2100 USD [+]
GDP per capita PPP 2854.75 3042 3076 3110 3143 3877 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 2.50 2.5 2.6 2.6 2.6 2.5 percent [+]
Minimum Wages 128.00 128 128 128 128 128 PGK/Week [+]
Population 7.62 7.77 7.81 7.85 7.89 8.4 Million [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 6.80 6.6 6.5 6.7 6.9 6.5 percent [+]
Food Inflation 6.40 5.25 5.52 5.24 5.23 5.59 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 6.25 6.25 6.25 6.25 6.25 6.25 percent [+]
Deposit Interest Rate 0.40 0.31 0.31 0.3 0.3 0.29 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 4636.00 4700 4647 4685 4656 4668 PGK Million [+]
Exports 5353.70 5508 5527 5517 5528 5522 PGK Million [+]
Imports 796.00 516 469 458 427 414 PGK Million [+]
Current Account 4222.00 2826 2580 2394 2198 759 PGK Million [+]
Current Account to GDP 4.60 -0.72 -6.03 -11.34 -16.66 -12.08 percent [+]
Gold Reserves 1.96 1.96 1.96 1.96 1.96 1.96 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Crude Oil Production 57.00 56.99 56.99 56.99 56.99 56.99 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 35.80 33.5 34.3 35.1 35.9 37 percent [+]
Government Budget -3.20 -1.13 -0.85 -0.58 -0.3 -0.53 percent of GDP [+]
Military Expenditure 105.90 119 118 118 117 121 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Ease of Doing Business 119.00 124 123 122 121 122 [+]
Corruption Index 25.00 24.02 23.94 23.86 23.78 23.19 Points [+]
Corruption Rank 139.00 140 139 138 137 140 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Personal Income Tax Rate 42.00 42 42 42 42 42 percent [+]
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 14.40 14.4 14.4 14.4 14.4 14.4 percent [+]
Social Security Rate For Companies 8.40 8.4 8.4 8.4 8.4 8.4 percent [+]
Social Security Rate For Employees 6.00 6 6 6 6 6 percent [+]





Economic Forecasts for Papua New Guinea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Papua New Guinea economy. 12/7/2016