Papua New Guinea | Economic Indicators

Markets Last Previous Average Unit Reference Frequency
Currency 2.77 2.78 2.51 2014-04-21 Daily [+]
GDP Last Previous Average Unit Reference Frequency
GDP 15.65 12.39 3.33 USD Billion 2012-12-31 Yearly [+]
GDP Annual Growth Rate 9.20 11.10 3.40 Percent 2012-12-31 Yearly [+]
GDP per capita 1076.38 1018.54 828.25 USD 2012-12-31 Yearly [+]
GDP per capita PPP 2497.79 2363.57 1993.70 USD 2012-12-31 Yearly [+]
Labour Last Previous Average Unit Reference Frequency
Population 7.17 7.01 4.03 Million 2012-12-31 Yearly [+]
Unemployment Rate 1.90 2.84 2.37 Percent 2008-12-31 Yearly [+]
Prices Last Previous Average Unit Reference Frequency
Inflation Rate 3.50 3.20 7.23 Percent 2013-09-30 Quarterly [+]
Money Last Previous Average Unit Reference Frequency
Interest Rate 6.25 6.25 8.53 Percent 2014-03-31 Monthly [+]
Trade Last Previous Average Unit Reference Frequency
Balance of Trade 511.00 944.00 1027.87 PGK Million 2013-03-31 Quarterly [+]
Current Account -1265.00 -1588.00 -18.65 PGK Million 2013-03-31 Quarterly [+]
Current Account to GDP -17.50 -0.38 2.96 Percent 2012-12-31 Yearly [+]
Exports 2697.00 3676.00 2471.13 PGK Million 2013-03-31 Quarterly [+]
Imports 2186.00 2732.00 1443.24 PGK Million 2013-03-31 Quarterly [+]
Government Last Previous Average Unit Reference Frequency
Government Debt To GDP 72.90 54.80 45.91 Percent 2010-12-31 Yearly [+]
Government Budget -1.20 -0.20 -0.72 Percent of GDP 2012-12-31 Yearly [+]
Credit Rating 35.00 Monthly [+]
Taxes Last Previous Average Unit Reference Frequency
Corporate Tax Rate 30.00 30.00 30.00 percent 2014-01-01 Yearly [+]
Personal Income Tax Rate 42.00 42.00 43.18 percent 2014-01-01 Yearly [+]
Sales Tax Rate 10.00 10.00 10.11 Percent 2014-01-01 Yearly [+]





RELATED NEWS

Papua New Guinea Inflation Rate at 3.50 Percent  
The inflation rate in Papua New Guinea was recorded at 3.50 percent in the third quarter of 2013. Inflation Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Personal Income Tax Rate at 42.00 percent  
The Personal Income Tax Rate in Papua New Guinea stands at 42 percent. Personal Income Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Papua New Guinea stands at 30 percent. Corporate Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Papua New Guinea stands at 10 percent. Sales Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Balance of Trade at 511.00 PGK Million  
Papua New Guinea recorded a trade surplus of 511 PGK Million in the first quarter of 2013. Balance of Trade in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Interest Rate at 6.25 Percent  
The benchmark interest rate in Papua New Guinea was last recorded at 6.25 percent. Interest Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Current Account at -1265.00 PGK Million  
Papua New Guinea recorded a Current Account deficit of 1265 PGK Million in the first quarter of 2013. Current Account in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Government Budget at -1.20 Percent of GDP  
Papua New Guinea recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2012. Government Budget in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea GDP per capita at 1076.38 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 1076.38 US dollars in 2012. The GDP per Capita in Papua New Guinea is equivalent to 9 percent of the worlds average. GDP per capita in Papua New Guinea is reported by the World Bank.
Papua New Guinea GDP per capita PPP at 2497.79 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 2497.79 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Papua New Guinea, when adjusted by Purchasing Power Parity is equivalent to 11 percent of the worlds average. GDP per capita PPP in Papua New Guinea is reported by the World Bank.
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LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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This page includes a list of indicators for Papua New Guinea. Papua New Guinea | Economic Indicators - provides data from several countries including actual values, consensus figures, forecasts, historical time series and news. 4/23/2014