Papua New Guinea

The Economy of Papua New Guinea.

Papua New Guinea, in the southwestern Pacific, encompasses the eastern half of New Guinea and its offshore islands. A country of immense cultural and biological diversity, it’s known for its beaches and coral reefs. Inland are active volcanoes, granite Mt. Wilhelm, dense rainforest and hiking routes like the Kokoda Trail. There are also traditional tribal villages, many with their own languages.

 

A new World Bank report says Papua New Guinea’s economy is projected to grow by four percent in 2022, driven largely by growth in the extractives sector.

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