Papua New Guinea

Papua New Guinea (PNG) is a resource-rich lower-middle-income country whose economy is heavily dependent on extractive industries, particularly liquefied natural gas, mining and petroleum. While resource exports generate substantial revenues, growth has been uneven and infrastructure deficits remain significant. Development strategies emphasise improving transport and energy infrastructure, strengthening governance and expanding agricultural productivity to support inclusive growth. Fiscal pressures, law-and-order concerns and vulnerability to commodity price fluctuations present ongoing challenges. Enhancing human capital and institutional capacity is critical to translating resource wealth into broad-based development outcomes.