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12 December – Papua New Guinea receives a licence to have a local team play in the Australian National Rugby League beginning in 2028. [16] 22 December – A Britten-Norman BN-2B-26 Islander operated by North Coast Aviation crashes in Sapmanga Valley in Morobe Province. All five occupants are found dead the next day. [17] [18]
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 first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
The 2024 Papua New Guinean unrest occurred on 10 January 2024 in Papua New Guinea's capital Port Moresby, later spreading to Lae and other cities. The unrest began following protests by security officers due to a sudden reduction in their salaries and prime minister James Marape's tax deduction announcement which was later retracted.
Economic history of Papua New Guinea (2 C, 1 P) I. Industry in Papua New Guinea (5 C) ... This page was last edited on 9 January 2024, at 15:51 (UTC).
Flag of Papua New Guinea. Papua New Guinea joined the International Monetary Fund on October 9, 1975, one day before uniting with the United Nations. [1] However, still in the early stages of independence which they gained on September 16, 1975, Papua New Guinea found itself in the face of turmoil due to political and economic mismanagement. [2]
Papua New Guinea has large reserves of minerals and gas. The mineral exports are gold, silver, copper, nickel, and cobalt. According to the Bank of Papua New Guinea's Quarterly Economic Bulletin, the weighted average kina price of Papua New Guinea's export commodities (excluding LNG) increased by 20.7% in September 2021, compared to an increase ...
Papua New Guinea has exported liquefied natural gas (LNG) since 2014. [1] The LNG sector is important to PNG's economy with US$2.95 billion in exports in 2020, and accounting for 5.25% of the GDP in 2019. [2] On a global scale, PNG is a minor player, with 0.08% of world reserves [2] In 2020, PNG was ranked 16th on the list of gas exporting ...