Lower returns from the extraction and agriculture sectors and a global fall in commodity prices combined to curb Papua New Guinea’s economic growth in 2016, though prospects for a modest rebound this year are firming up.
Papua New Guinea
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A new agriculture strategy in Papua New Guinea aims to broaden the country’s primary production base and cut import costs to maintain sustainability in the sector.
Chapter | Table of Contents from The Report: Papua New Guinea 2016
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Government authorities are rolling out a number of new initiatives in PNG’s tourism sector to foster growth in the non-extractive industries.
A country of extraordinary diversity, spread across some of the world’s most spectacular, and often inhospitable, terrain, Papua New Guinea today is a country once again at a crossroads. A major economic boom driven by a massive liquefied natural gas project has been swiftly followed by a sharp slowdown as global oil prices fell, and as a result the government has come under some pressure.
This chapter contains hotel listings for business and leisure travellers, useful contact details for embassies and ministries, and practical information for first-time visitors.