What is the short- and medium-term outlook for the retail sector in Papua New Guinea?
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Interviews & Viewpoints | Mahesh Patel, Managing Director, CPL: Interview from The Report: Papua New Guinea 2019
Articles & Analysis | Support for small and medium-sized enterprises is increasingly recognised as key to sustainable growth among emerging economies from The Report: Papua New Guinea 2019
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic diversification and resilience,...
Articles & Analysis | Demographic and economic factors bode well for Papua New Guinea's retail sector from The Report: Papua New Guinea 2019
With a mood of cautious optimism, Papua New Guinea’s retail sector is recovering from a period of uncertainty caused by the devastating earthquake in Hela Province in early 2018. That same year was marked by sluggish growth before the APEC Leaders’ Summit in November 2018 triggered an upturn in the hospitality and general retail sectors, and encouraged businesses to invest...
Articles & Analysis | Papua New Guinea's development plan lays course for industrial growth from The Report: Papua New Guinea 2019
Already major contributors to the nation’s revenue base, Papua New Guinea’s industry and manufacturing sectors hold significant potential for future investment and development. As such, the administration of Prime Minister James Marape remains devoted to a course that will encourage and protect businesses while working towards a reduction in the national import bill. This...
Articles & Analysis | Papua New Guinea turns to fostering domestic industrial growth and developing alternatives to imports from The Report: Papua New Guinea 2019
The imposition of import tariffs in Papua New Guinea in recent years has had a broadly positive effect on local industry, both in terms of encouraging capital investment by manufacturing companies and ensuring the survival of existing industrial firms. However, the policy has also caused some supply-side constraints and raised questions about the country’s attractiveness to...
Articles & Analysis | Mining projects in Papua New Guinea offer potential for economic growth from The Report: Papua New Guinea 2019
The mining industry is one of the main pillars of economic growth in Papua New Guinea. In 2017 the sector accounted for 29% of GDP and generated 86% of export revenue. Gold and copper account for the majority of mining export revenue, respectively comprising 76.8% and 13% of total sector exports in the first five months of 2019. The mining industry also remains an important...