Papua New Guinea | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.17 3.23 3.27 3.3 3.33 3.8 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 9.00 7 7 7 7 4.5 percent [+]
GDP 16.93 16.85 18.31 18.31 18.31 23 USD Billion [+]
GDP per capita 1783.69 1885 1885 1885 1885 2100 USD [+]
GDP per capita PPP 2723.49 2913 2956 2999 3042 3877 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.50 2.6 2.6 2.6 2.6 2.5 percent [+]
Minimum Wages 140.00 128 128 128 128 128 PGK/Week [+]
Population 7.62 7.65 7.69 7.73 7.77 8.4 Million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 6.80 6.5 6.7 6.9 7.2 6.5 percent [+]
Food Inflation 6.40 5.52 5.24 5.23 5.72 5.59 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 6.25 6.25 6.25 6.25 6.25 6.25 percent [+]
Deposit Interest Rate 0.40 0.3 0.31 0.31 0.31 0.29 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 3223.00 4647 4685 4656 4677 4668 PGK Million [+]
Exports 5367.00 5527 5517 5528 5518 5522 PGK Million [+]
Imports 2144.00 469 458 427 428 414 PGK Million [+]
Current Account 2391.00 2580 2394 2198 2028 759 PGK Million [+]
Current Account to GDP 4.60 3.01 1.76 0.52 -0.72 -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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 35.80 37.16 35.94 34.72 33.5 37 percent [+]
Government Budget -3.20 -3.36 -2.62 -1.87 -1.13 -0.53 percent of GDP [+]
Military Expenditure 105.90 119 118 118 117 121 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Ease of Doing Business 119.00 123 123 122 121 122 [+]
Corruption Index 25.00 24.02 24.02 24.02 24.02 23.19 Points [+]
Corruption Rank 139.00 139 139 139 140 140 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 1/19/2017