Cover of The Report: Papua New Guinea 2018

The Report: Papua New Guinea 2018

Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.

Papua New Guinea has remained resilient in the wake of a host of domestic and external challenges, and while growth has slowed since construction of PNG LNG ended, ongoing fiscal, structural and policy reforms should support domestic non-oil economic growth in 2018. PNG’s international profile received a boost when it was selected to host APEC 2018. Although the budgetary burden of APEC could be the cause of near-term fiscal pain, APEC events could significantly strengthen the country’s regional and global bilateral relationships, which should in turn support mid- and long-term trade and investment growth. 

OBG & Papua New Guinea