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The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. [20] However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. [21]
There is one country which presently meets the criteria and two countries which previously met the criteria for LDC status, but declined to be included in the index, questioning the validity or accuracy of the CDP's data: Ghana (no longer meets criteria as of 1994), Papua New Guinea (no longer meets criteria as of 2009), and Zimbabwe. [9]
The new extreme poverty line of $2.15 per person per day is based on 2017 PPPs. [7] This means that anyone living on less than $2.15 a day is considered to be living in extreme poverty . About 692 million people globally were in this situation in 2024.
Papua New Guinea [note 1] [13] [note 2] is a country in Oceania that comprises the eastern half of the island of New Guinea and offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. It has a land border with Indonesia to the west and neighbours Australia to the south and the Solomon Islands to the east.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Oceania are sorted by nominal GDP estimates based on 2017 data from The World Factbook by the US Central Intelligence Agency (CIA).
The Royal Papua New Guinea Constabulary (RPNGC) has become "ineffective, corrupt and often abusive" according to a leaked diplomatic cable from the US Embassy in Port Moresby. One report by National Integrity Systems reported gifts and favors being offered to the police in order for cases to be ‘swept under the carpet’. [ 8 ]
There are, however, ways in which periphery countries can rise from their poor status and become semi-periphery countries or even core countries. It is crucial for the core countries to keep exploiting the natural resources of the periphery countries and to keep the governments semi-stable or else it could cause economic unrest for the core ...
Papua New Guinea's Western Province averages one person per square kilometer (3 per sq. mi.). The Simbu Province in the New Guinea highlands averages 20 persons per square kilometer (52 persons/sq mi) and has areas containing up to 200 people farming a square kilometer of land. The highlands have 40% of the population.