Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Growth Slows in the Pacific Region

Economic expansion has slowed in the Pacific region but there are bright spots on the horizon, according to a newly published report. Read More

PNG's Growth to Remain Strong but Protection Needed against Future Shocks

The medium-term growth outlook for Papua New Guinea remains strong, but provisions must be made to allow the economy to withstand future shocks, says ADB’s Pacific Economic Monitor. Read More

Overview

Papua New Guinea (PNG), the largest developing economy in the Pacific, maintained its position as one of the fastest-growing economies in Asia and the Pacific in 2012, with economic growth of 9.2%.

ADB is PNG’s second largest development partner. The country partnership strategy (CPS), 2011-2015 prioritizes infrastructure (including support for road, seaport, and airport rehabilitation and improvement; and renewable power generation and transmission), private sector development, and regional cooperation.

Fast Facts

7.26 (2012)
Population in millions

2.8% (2010-2012)
Annual population growth rate

28.0% (2009)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
190.35 / 11.73
Agriculture (13)
 
55.90 / 3.44
Education (4)
 
100.33 / 6.18
Energy (7)
 
45.10 / 2.78
Finance (5)
 
134.01 / 8.26
Health (9)
 
33.40 / 2.06
Industry and Trade (2)
 
95.80 / 5.90
Public Sector (2)
 
906.48 / 55.85
Transport and ICT (29)
 
45.55 / 2.81
Water Supply (4)
 
16.00 / 0.99
Multisector (3)
 
1,622.91 / 100.00
TOTAL (78)
Cumulative as of 31 December 2012