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Papua New Guinea, Economy

subsistence agriculture, plantation crops, forest products, gross domestic product, GDP

Papua New Guinea’s economy is heavily dependent on subsistence agriculture and fishing activities, and on the export of primary commodities. These include plantation crops, forest products, and minerals. Some 26 percent of the gross domestic product (GDP) is derived from agriculture, forestry, and fishing; and 44 percent from industry, principally mining but including manufacturing and construction. In 2000 GDP was $3.8 billion, or about $740 a person. Despite government efforts to promote tourism, widespread crime and perceived political instability have caused the tourism industry to stagnate.

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subsistence agriculture, plantation crops, forest products, gross domestic product, GDP, tourism industry, minerals, forestry, percent, person, construction, manufacturing

 
 

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