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Papua New Guinea

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Revision as of 19:09, 21 June 2011 by Pesterbot (talk | contribs) (External Links to Links, replaced: ==External links== → ==Links==, The World Facebook → The World Factbook (2))

The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives.[1]

Economical characteristics

  • Currency: Papua New Guinean kina (ISO code: PGK)
  • Central bank discount rate: 7% (31 December 2008)[1]
  • Commercial banks lending rate: 9.27% (31 December 2008)[1]
  • Stock of money (M1): $2.005 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.726 billion (31 December 2008)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 3 477 3 521 3 081 3 000 3 536 3 927 4 899 5 605 6 387 8 239
Govt. debt (% of GDP)[3] 63.537 57.742 68.268 69.734
Govt. revenue (% of GDP)[4] 22.871 24.226 26.204 22.467
Govt. expenses (% of GDP)[5] 29.331 30.047 26.923 22.094
Debt to revenue (years) 2.778 2.383 2.605 3.104

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid <ref> tag; no text was provided for refs named CIA_PG
  2. ↑ World Bank. "Papua New Guinea: GDP", from World Bank Data. Referenced 2010-09-30.
  3. ↑ World Bank. "Papua New Guinea: government debt", from World Bank Data. Referenced 2010-09-30.
  4. ↑ World Bank. "Papua New Guinea: government revenue", from World Bank Data. Referenced 2010-09-30.
  5. ↑ World Bank. "Papua New Guinea: government expenses", from World Bank Data. Referenced 2010-09-30.

Links

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