32nd Australia - Papua New Guinea Business Forum and Trade Expo

PNG experiences positive economic growth

Prime Minister Peter O’Neill stated this today during his address at the 32nd Australia - Papua New Guinea Business Forum and Trade Expo underway in Cairns.

O’Neill said PNG’s economy has grown at an average 9 percent each year between 2012 and 2015, and was among the highest in the world in 2014, growing at 13.3 percent.

He said PNG has demonstrated that the fundamentals of our economy are sound.

“We are demonstrating that we can manage the economy during tough times.