Buoyed by high commodity export revenues and, since 2009 the development of the Papua New Guinea Liquefied Natural Gas project, GDP growth has remained above 6% since 2007, reaching 8.9% in 2011 and 8.1% in 2012. A heavyweight among the Pacific Island states, PNG, together with Fiji, accounted for 80% of regional GDP in 2013, as per UN figures. Agriculture, fisheries and forestry made up the...
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Chapter | Trade & Investment from The Report: Papua New Guinea 2014
Although lower international commodity prices are impacting the pipeline of projects in the traditionally dominant mining sector, Papua New Guinea’s emergence as a major liquefied natural gas (LNG) exporter in 2014 has attracted global attention, with a second landmark LNG project moving towards a final investment decision in 2016. Construction of the PNG LNG project has increased the country’...
Chapter | Country Profile from The Report: Papua New Guinea 2014
Some 80% of Papua New Guinea’s population lives in rural areas, which includes huge rain forests, rugged mountains and steep river valleys. Indeed, the difficulty of the terrain is a major reason why there are some 850 different native languages in the country, as clans and tribes have inhabited territories that are often close, but largely inaccessible, to each other. Comprising the eastern...
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
Articles & Analysis | Colombia Hotel Listings from The Report: Colombia 2014
View contact details and general information for some of the leading hotels and resorts in Colombia
Articles & Analysis | Handy tips to take on board from The Report: Colombia 2014
LANGUAGE: Spanish is the official language, though more than 65 other recognised languages are spoken. English is also an official language in San Andrés, Providencia and Santa Catalina islands. Business executives and senior government officials tend to have a high level of English proficiency,...