Papua new Guinea : Selected Issues and Statistical Appendix

1PNGEA2006002 Image
Price:  $15.00

Release Date: © March, 2006
ISBN : 978-1-45183-171-9
Stock #: 1PNGEA2006002
English
Stock Status: On back-order

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Description

This Selected Issues paper on Papua New Guinea reports that although economic cycles have generally paralleled the many mineral sector booms and busts, the downward trend in growth rates may reflect other factors. Papua New Guinea’s economy is dominated by a large labor-intensive agricultural sector and a capital-intensive oil and minerals sector. The formal sector consists of enclave extractive industries, cash crop production, and a small, import-substituting manufacturing sector. The importance of the agriculture sector is about the same as at independence, reflecting structural impediments that have deterred more rapid growth.

Taxonomy

Economic development , Economic policy , Fiscal policy , Investment




More publications in this series: IMF Staff Country Reports