Papua new Guinea: Selected Issues and Statistical Appendix

March 13, 2006

Preview Citation

Format: Chicago

Papua new Guinea: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2006) accessed December 22, 2024

Summary

This Selected Issues paper on Papua New Guinea reports that although economic cycles have generally paralleled the many mineral sector booms and busts, the downward trend in growth rates may reflect other factors. Papua New Guinea’s economy is dominated by a large labor-intensive agricultural sector and a capital-intensive oil and minerals sector. The formal sector consists of enclave extractive industries, cash crop production, and a small, import-substituting manufacturing sector. The importance of the agriculture sector is about the same as at independence, reflecting structural impediments that have deterred more rapid growth.

Subject: Environment, Fiscal policy, Fiscal stance, Labor, Non-renewable resources, Production, Total factor productivity

Keywords: Asia and Pacific, CR, East Asia, Fiscal stance, GDP, Global, Government, Investment policy reform, ISCR, Mineral balance, Mineral revenue, Non-renewable resources, Revenue performance, Revenue windfall, TFP growth, TFP variation, Total factor productivity

Publication Details

Pages:

62
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2006/105
Stock No:

1PNGEA2006002
ISBN:

9781451831719
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports