| Papua New Guinea: Key Indicators |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 /e |
2007/p |
2008/p |
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Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
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Output, Employment and Prices |
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| GDP
( % change previous year) |
-1.2 |
-0.1 |
-0.2 |
2.2 |
2.7 |
3.3 |
3.7 |
4.3 |
3.7 |
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Tourist arrivals ('000) |
58.4 |
54.2 |
53.8 |
56.3 |
60.7 |
68.5 |
.. |
.. |
.. |
| (%
change, previous year) |
-13.8 |
-7.2 |
-0.9 |
4.7 |
7.9 |
12.7 |
.. |
.. |
.. |
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Unemployment rate (%) |
.. |
.. |
.. |
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Real wage growth (%) |
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Consumer price index (% change, previous year) |
15.6 |
9.3 |
11.8 |
14.7 |
2.1 |
1.7 |
3.5 |
4.3 |
4.0 |
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Public Sector |
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| Government balance (% GDP) |
-1.4 |
-3.9 |
-5.3 |
-1.8 |
0.0 |
4.1 |
6.4 |
3.3 |
3.4 |
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Domestic public sector debt (% GDP) |
19.6 |
23.2 |
20.7 |
18.9 |
22.8 |
24.4 |
20.4 |
21.4 |
21.6 |
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Foreign Trade, BOP and External Debt |
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Trade balance (Customs data, US$million) |
1216.2 |
557 |
344 |
718 |
760 |
816 |
1483 |
1407 |
1375.0 |
| Trade balance (BoP data,
million$US) |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
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Exports of goods (Customs data, US$million) |
2215.0 |
1878.0 |
1646.0 |
2153.0 |
2554.0 |
3278.0 |
4453.0 |
4710.0 |
4824.0 |
| (%
change, previous year) |
9.7 |
-15.2 |
-12.4 |
30.8 |
18.6 |
28.3 |
35.8 |
5.8 |
2.4 |
| Exports of goods, (BoP data,
$millionUS) |
.. |
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.. |
.. |
.. |
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| (% change, previous year) |
.. |
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.. |
.. |
.. |
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| Key
export: Gold (% change in value, previous year) |
16.7 |
-11.0 |
-7.8 |
36.0 |
7.3 |
7.3 |
.. |
.. |
.. |
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Imports of goods (Customs data, US$million) |
998.8 |
1321.0 |
1302.0 |
1435.0 |
1794.0 |
2462.0 |
2970.0 |
3303.0 |
3449.0 |
| (%
change, previous year) |
-7.0 |
32.3 |
-1.4 |
10.2 |
25.0 |
37.2 |
20.6 |
11.2 |
4.4 |
| Imports of goods, (BoP data,
$millionUS) |
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| (% change, previous year) |
.. |
.. |
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Current account balance
(US$million) |
299.0 |
201.0 |
-31.0 |
159.0 |
88.0 |
190.0 |
421.0 |
215.0 |
162.0 |
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(percent GDP) |
8.7 |
6.5 |
-1.0 |
4.5 |
2.2 |
3.8 |
7.4 |
3.7 |
2.8 |
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Foreign direct investment (US$million) |
114.0 |
74.0 |
19.0 |
97.0 |
26.0 |
68.0 |
128 |
107 |
.. |
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Total external debt (US$million) |
2354 |
2289 |
2304 |
2311 |
2127 |
1848 |
.. |
.. |
.. |
| (%
GDP) |
67.3 |
74.6 |
78.8 |
65.4 |
54.2 |
37.4 |
.. |
.. |
.. |
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Short-term debt (US$million) |
49.5 |
68.3 |
63.6 |
111.0 |
109.0 |
195.0 |
.. |
.. |
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Debt service ratio (% exports of g&s) |
6.8 |
7.9 |
7.9 |
7.5 |
8.7 |
6.0 |
3.5 |
2.4 |
2.6 |
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Reserves, including gold (US$million) |
304 |
440 |
340 |
398 |
599 |
765.0 |
1450.0 |
1700.0 |
1774.0 |
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(months of imports of goods and non factor services) |
3.2 |
5.7 |
4.5 |
4.3 |
5.5 |
5.3 |
8.1 |
8.7 |
8.6 |
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Financial Markets |
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Domestic credit (private, %
change, previous year) |
-10.6 |
-1.2 |
15.4 |
-4.1 |
1.0 |
23.7 |
27.8 |
16.5 |
.. |
| Short-term interest rate |
14.9 |
10.23 |
13.50 |
16.91 |
4.57 |
4.81 |
4.5 |
.. |
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Exchange rate (end-of-period) |
3.0722 |
3.7622 |
4.0193 |
3.3333 |
3.125 |
3.096 |
3.030 |
.. |
.. |
| Real
effective exchange rate (2000=100 and + = appn) |
100 |
93.49 |
87.44 |
97.19 |
99.57 |
100.49 |
98.35 |
.. |
.. |
| (%
change, previous year) |
9.9 |
-6.5 |
-6.5 |
11.2 |
2.4 |
0.9 |
-2.1 |
.. |
.. |
| Stock market index
(end-period, Aug 88=100) |
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Memo: GDP in US$ million |
3499 |
3068 |
2923 |
3536 |
3927 |
4943 |
5653 |
5796 |
5742 |
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| e =
estimate |
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| p =
projection |
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