Papua New Guinea

In what ways are provincial governors working to safeguard the economy in light of the Covid-19 pandemic, particularly regarding agriculture?

Towards the beginning of the Covid-19 pandemic, many people chose to stockpile groceries, raising questions about food security in the event of prolonged disruption to supply chains. As of June 2020 restrictions included suspension of domestic and incoming international flights; a ban on movement between provinces except for approved cargo,...

As has been the case worldwide, in the first half of 2020 Papua New Guinea’s retail sector had to contend with the impact of the Covid-19 pandemic. In early February the government began imposing measures to limit the spread of the virus, while simultaneously introducing significant macroeconomic initiatives to support the economy and cushion...

The economy of Papua New Guinea is dominated by its large, labour-intensive agriculture sector and extractive industries, which are mainly focused on oil, liquefied natural gas (LNG) and various mining activities, including gold copper and silver. The manufacturing sector remains small, generally contributing around less than 2% of GDP, and is...

Boosting the supply of affordable housing is central to efforts aimed at improving the lives of citizens in Papua New Guinea. Housing availability has become an increasingly pressing issue in recent years, especially as real estate prices for both renters and buyers have been driven up by the limited availability of land for development and...

Papua New Guinea’s construction sector is closely tied to its extractive industries. This is in part due to the substantial contribution of extractives to the country’s economy, accounting for around 28% of GDP in 2019. The performance of extractives also dictates access to foreign exchange (forex), with the segment representing roughly 94% of...