Papua New Guinea Industry

Papua New Guinea’s retail sector remains in its nascent stages, with the majority of the population remaining outside of the formal economy and low rates of urbanisation. The recent construction of the $19bn PNG LNG natural gas project provided significant support for retail expansion, although retailers have since grappled with a host of...

Although smaller than its petroleum, mining and agricultural sectors, Papua New Guinea industry and manufacturing are major contributors to the nation’s revenue base, and hold significant potential for future investment and development.

Often overshadowed by the extractive industries, Papua New Guinea’s industrial manufacturing, downstream processing and value-added sectors in fact serve as the largest formal employer in the country and continue to attract investment in spite of fiscal challenges presented by the current operating environment. Beyond employment, sustained...

The retail sector in Papua New Guinea is coming off perhaps the biggest boom cycle in the country’s history after years of sustained investment in capital-intensive infrastructure and a long run of strong “supercycle” commodity prices, which the government depends upon as a foreign currency earner. While an economic slowdown and its ripple...

Papua New Guinea’s climate is characterised by fertile soil and abundant rainfall, enabling the country to grow a number of tropical crops such as palm oil, coffee and cocoa, which account for around 80% of all agricultural exports. Meanwhile, sweet potatoes, cassava, fruits and vegetables are all farmed to serve the local market. In total, agriculture contributes around a...

While Papua New Guinea has a long history of manufacturing, the sector accounts for only around one-tenth of GDP, and output is mostly confined to staple goods bound for the domestic market. PNG is endowed with a number of highly traded global commodities, including timber, coffee, cocoa, palm oil and fish. With hydrocarbons production pegged...