News Analysis: Papua New Guinea (PNG) Experiences Good Economic Growth; Infrastructure Will Increase to help further growth. ‘PNG’ covers an area of 462,000+ Km2 (178,000+ Mi2) and has a total population of over 6.4 Million people.
‘PNG’ has assorted natural resources of: Copper, Fisheries, Gold, Natural Gas, Oil, Silver, and Timber. A Gross Domestic Product (GDP) of approximately $19 Billion Dollars is based in part on Agriculture. Such products as: Cocoa, Copra, Coffee, Fruit, Palm Kernels, Poultry, Pork, Rubber, Shellfish, Sugar, Sweet Potatoes, Tea, and Vanilla help the economy.
‘PNG’ Imports: Chemicals, Food, Fuels, Machinery, Manufactured Goods, and Transport Equipment.
As Trade in the Pacific Basin increases along with trade in Asia, ‘PNG’ can only benefit. Entrepreneurs and Investors should consider such funding as an adjunct in their Portfolios.
Heavier investments in Bridges, Harbor Constructions, Piers, and the like are already of importance to the ‘PNG’ Government. Opportunities abound in such an Economic Environment.
Reality.
Reference: http://www.thenational.com.pg/?q=node/65731