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The decision follows the release in 2020 of new purchasing power parities (PPPs)—the main data used to convert different currencies into a common, comparable unit and account for price differences across countries. The new extreme poverty line of $2.15 per person per day is based on 2017 PPPs. [7]
Guinea-Bissau: 0.483 Medium human development 2 Haiti: 0.552 3 Solomon Islands: 0.563 4 East Timor: 0.566 5 Papua New Guinea: 0.568 6 Comoros: 0.586 7 São Tomé and Príncipe: 0.613 8 Vanuatu: 0.614 9 Kiribati: 0.628 10 Micronesia: 0.634
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 ]
The World Bank noted that growth has been decelerating for years in the developing world – from a robust average of 5.9% a year in the 2000s to 5.1% in the 2010s to just 3.5% in the 2020s.
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]
At 462,840 km 2 (178,704 sq mi), Papua New Guinea is the world's 54th-largest country and the third-largest island country. [14] Papua New Guinea is part of the Australasian realm, which also includes Australia, New Zealand, eastern Indonesia, and several Pacific island groups, including the Solomon Islands and Vanuatu.
Papua New Guinea’s last credible census was in 2000, with many people living in isolated mountainous villages. “We are not able to dispute what the government suggests but we are not able to ...
The World Bank estimates the number of international migrants in Papua New Guinea to be about 0.3% of the population. [3] According to the 2000 and 2011 census, the most common places of origin for international migrants were the United States, Australia, the Philippines, and Indonesia. [4]