Papua New Guinea’s economy is driven by agriculture, exports of natural resources and small-scale industries. Inefficient government policies and business regulations hamper economic growth.
(Source: Heritage.org)
Gross domestic product (GDP)
GDP experienced continual growth from 2005 to 2009. In 2011, GDP is estimated to be PGK 29.95 billion.

(Source: imf.org) e = estimate
GDP growth rate
In 2007, GDP growth rate of the country was registered at 7.2%. The rate declined to 6.7% by 2009. In 2011, it is projected to reach 6.2%.
(Source: Central Bank, page: 18) p = projected
Gross national income (GNI)
In 2009, Papua New Guinea’s Gross National Income (GNI) per capita (PPP) was recorded at USD 2,227.
(Source: UNDP)
Tax rate
Papua New Guinea has a progressive income tax system. Individual income tax rate is 22% - 42% and corporate income tax is 30%. Sales Tax rate in the country is 10%.
(Source: Tax rate.cc)
Personal income tax (for residents)
|
Income Range (TZS)
|
Tax Rate on excess (%)
|
|
7,000
|
22
|
|
18,000
|
30
|
|
33,000
|
35
|
|
70,000
|
40
|
|
250,000
|
42
|
(Source: Tax rate.cc)
Inflation
Inflation rate shows fluctuating movement from 2005 to 2009. In 2011, inflation is estimated to reach 9%.

(Source: imf.org) e = estimate
Foreign direct investment (FDI)
FDI inflow in the country registered sudden rise from 2008 to 2009. In 2009, FDI inflow was recorded at USD 423.24 million.

(Source: World Bank)
Central bank assets
Central Bank of Papua New Guinea witnessed steady increase in total assets from 2005 to 2010. In 2010, total assets were recorded at PGK 8,129.70 million.

(Source: Central Bank)