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GDP:
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purchasing power parity - $11.48 billion (2003 est.)
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GDP - real growth rate:
|
1.4% (2003 est.)
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GDP - per capita:
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purchasing power parity - $2,200 (2003 est.)
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GDP - composition by sector:
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agriculture: 34%
industry: 37.7%
services: 28.3% (2003 est.)
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Investment (gross fixed):
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13.9% of GDP (2003)
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Population below poverty line:
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37% (2002 est.)
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Household income or consumption by percentage share:
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lowest 10%: 1.7%
highest 10%: 40.5% (1996)
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Distribution of family income - Gini index:
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50.9 (1996)
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Inflation rate (consumer prices):
|
14.7% (2003 est.)
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Labor force:
|
3.25 million (2003)
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Labor force - by occupation:
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agriculture 85%, industry NA, services NA
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Unemployment rate:
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NA
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Budget:
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revenues: $954.1 million
expenditures: $996.8 million, including capital expenditures of $344 million (2003 est.)
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Public debt:
|
72.4% of GDP (2003)
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Industries:
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copra crushing, palm oil processing, plywood production, wood chip production; mining of gold, silver, and copper; crude oil production; construction, tourism
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Industrial production growth rate:
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NA (FY01/02 est.)
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|
Electricity - production:
|
1.496 billion kWh (2001)
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Electricity - production by source:
|
fossil fuel: 54.1%
hydro: 45.9%
other: 0% (2001)
nuclear: 0%
|
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Electricity - consumption:
|
1.391 billion kWh (2001)
|
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Electricity - exports:
|
0 kWh (2001)
|
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Electricity - imports:
|
0 kWh (2001)
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Oil - production:
|
67,500 bbl/day (2001 est.)
|
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Oil - consumption:
|
15,000 bbl/day (2001 est.)
|
|
Oil - exports:
|
NA (2001)
|
|
Oil - imports:
|
NA (2001)
|
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Oil - proved reserves:
|
345.2 million bbl (1 January 2002)
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|
Natural gas - production:
|
110 million cu m (2001 est.)
|
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Natural gas - consumption:
|
110 million cu m (2001 est.)
|
|
Natural gas - exports:
|
0 cu m (2001 est.)
|
|
Natural gas - imports:
|
0 cu m (2001 est.)
|
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Natural gas - proved reserves:
|
385.5 billion cu m (1 January 2002)
|
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Agriculture - products:
|
coffee, cocoa, coconuts, palm kernels, tea, rubber, sweet potatoes, fruit, vegetables, poultry, pork
|
|
Current account balance:
|
$12 million (2003)
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Exports:
|
$1.938 billion f.o.b. (2003 est.)
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Exports - commodities:
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oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish, prawns
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Exports - partners:
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Australia 27%, Japan 7.3%, China 5.8% (2003 est.)
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Imports:
|
$967 million f.o.b. (2003 est.)
|
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Imports - commodities:
|
machinery and transport equipment, manufactured goods, food, fuels, chemicals
|
|
Imports - partners:
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Australia 44.3%, Singapore 20.5%, New Zealand 7.7%, China 4.9% (2003 est.)
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Reserves of foreign exchange & gold:
|
$510.5 million (2003)
|
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Debt - external:
|
$2.909 billion (2003 est.)
|
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Economic aid - recipient:
|
$400 million (1999 est.)
|
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Currency:
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kina (PGK)
|
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Currency code:
|
PGK
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Exchange rates:
|
kina per US dollar - 3.5635 (2003), 3.8952 (2002), 3.3887 (2001), 2.7822 (2000), 2.5708 (1999)
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