Exporting guide to Papua New Guinea
Strong service market
Of all UK exports to Papua New Guinea in the year up until March 2019, 96.5% were services (ONS, 2019). In 2018, the top goods imported by Papua New Guinea from the rest of the world were business services, transport, travel, construction and insurance and pension services (ITC Trade Map, 2019).
Improving economy
Papua New Guinea has experienced positive GDP growth from 2014 to 2017, and, despite a drop in 2018, is forecast to continue this trend over the next five years. GDP per capita is also expected to rise steadily over the same period (IMF, 2019). This should lead to an increase in spending power for the local consumer.
Papua New Guinea: at a glance
Currency
Papua New Guinean kina
Business language
English is widely spoken
GDP per capita
$2,752
UK is $42,558 (IMF, 2018)
Economic growth
-1.1%
(IMF, 2018)
Time zone
GMT +10
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Next steps
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