Economy

This chapter contains selected listings of some of the country’s top hotels, details for embassies, ministries and organisations, and helpful tips for business and leisure travellers.

Although 2017 was another challenging year for Papua New Guinea, with subdued GDP growth against a backdrop of falling government revenues, cuts to public spending and rising fiscal challenges, economic recovery is gradually gathering steam in 2018. A steady uptick in commodity prices supported export growth and augmented the country’s trade surplus, while agriculture and mining recovered from...

With macroeconomic growth slumping and domestic demand weakening in the aftermath of a long construction boom, trade and investment in Papua New Guinea have faltered in recent years. However, ongoing geopolitical developments could see the situation change in 2018. China’s footprint in PNG has been growing, particularly in the lead up to the APEC Leaders’ Summit, which will be hosted in PNG...

Although external forces contributed to challenging economic conditions in recent times, PNG should benefit from the stability brought about by Prime Minister Peter O’Neill’s 2017 election victory, which solidifies the public agenda and provides more investor certainty. Hosting international events such as APEC 2018 should positively influence international perceptions and highlight...