Papua New Guinea : Staff Report for the 2004 Article IV Consultation

1PNGEA0012004 Image
Price:  $15.00

Release Date: © November, 2004
ISBN : 978-1-45183-166-5
Stock #: 1PNGEA0012004
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that Papua New Guinea’s macroeconomic performance has improved from mid-2003, helped importantly by the favorable temporary factors that boosted the mineral and agricultural sectors. In 2003, real GDP is estimated to have grown by 2.7 percent, following three years of decline. Coffee and cocoa production benefited from better weather conditions, and production of palm oil, rubber, tea, and copra oil also increased. Papua New Guinea’s medium-term economic outlook as outlined in the government’s development strategy is to achieve real GDP growth of 2½ percent annually in 2004–09.




More publications in this series: IMF Staff Country Reports