new gold mine helped the advance.
National product:
GDP - exchange rate conversion - $3.4 billion (1992)
National product real growth rate:
8.5% (1992)
National product per capita:
$850 (1992)
Inflation rate (consumer prices):
4.5% (1992-93)
Unemployment rate:
NA%
Budget:
revenues $1.33 billion; expenditures $1.49 billion, including capital
expenditures of $NA (1993 est.)
Exports:
$1.3 billion (f.o.b., 1990)
commodities:
gold, copper ore, coffee, logs, palm oil, cocoa, lobster
partners:
FRG, Japan, Australia, UK, Spain, US
Imports: $1.6 billion (c.i.f., 1990)
commodities:
machinery and transport equipment, food, fuels, chemicals, consumer goods
partners:
Australia, Singapore, Japan, US, New Zealand, UK
External debt:
$2.2 billion (April 1991)
Industrial production:
growth rate NA%; accounts for 21% of GDP
Electricity:
400,000 kW capacity; 1,600 million kWh produced, 400 kWh per capita (1992)
Industries:
copra crushing, palm oil processing, plywood production, wood chip
production, mining of gold, silver, and copper, construction, tourism
Agriculture:
one-third of GDP; livelihood for 85% of population; fertile soils and
favorable climate permits cultivating a wide variety of crops; cash crops -
coffee, cocoa, coconuts, palm kernels; other products - tea, rubber, sweet
potatoes, fruit, vegetables, poultry, pork; net importer of food for urban
centers
Economic aid:
US commitments, including Ex-Im (FY70-89), $40.6 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $6.5 billion; OPEC
bilateral aid (1979-89), $17 million
Currency:
1 kina (K) = 100 toea
Exchange rates:
kina (K) per US$1 - 1.0065 (January 1993), 1.0367 (1992), 1.0504 (1991),
1.0467 (1990), 1.1685 (1989), 1.1538 (1988)

*Papua New Guinea, Economy

Fiscal year:
calendar year

*Papua New Guinea, Communications

Railroads:
none
Highways:
19,200 km total; 640 km paved, 10,960 km gravel, crushed stone, or
stabilized-soil surface, 7,600 km unimproved earth
Inland waterways:
10,940 km
Ports:
Anewa Bay, Lae, Madang, Port Moresby, Rabaul
Merchant marine:
11 ships (1,000 GRT or over) totaling 20,523 GRT/24,774 DWT; includes 2
cargo, 1 roll-on/roll-off cargo, 5 combination ore/oil, 2 bulk, 1 container
Airports:
total:
504 usable:
457
with permanent-surface runways:
18
with runways over 3,659 m:
0
with runways 2,44