PNG Economy Growth

PNG Economy Surpasses K100b In 2022

“Our vital non-resource economy is expected to increase by 3.5 percent in real terms, with election-related spending expected to provide a boost to activity in the non-resource economy. Including the mining sector, growth is estimated to be 5.4 percent.

This reflects the expected recommencement of Porgera and improvements in Ok Tedi production. Inflation in 2022 is expected to be 5.6 percent,” he said.