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    Pap�a Nueva Guinea Econom�a 2000

      Econom�a - descripci�n: Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for the bulk of the population. Mineral deposits, including oil, copper, and gold, account for 72% of export earnings. Budgetary support from Australia and development aid under World Bank auspices have helped sustain the economy. In 1995, Port Moresby reached agreement with the IMF and World Bank on a structural adjustment program, of which the first phase was successfully completed in 1996. In 1997, droughts caused by the El Nino weather pattern wreaked havoc on Papua New Guinea's coffee, cocoa, and coconut production, the mainstays of the agricultural-based economy and major sources of export earnings. The coffee crop was slashed by up to 50% in 1997. Despite problems with drought, the year 1998 saw a small recovery in GDP. Growth increased to 3.6% in 1999 and may be even higher in 2000, say 4.3%.

      Producto Bruto Interno (PBI): purchasing power parity - $11.6 billion (1999 est.)

      PBI - Indice de Incremento real: 3.6% (1999 est.)

      PBI - por capital: purchasing power parity - $2,500 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 25%
      industry: 35%
      services: 40% (1999 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 1.7%
      highest 10%: 40.5% (1996)

      Indice de Inflaci�n (precios del consumidor): 16.5% (1999 est.)

      Fuerza Laboral: 1.941 million

      Fuerza Laboral - por ocupaci�n: agriculture NA%, industry NA%, services NA%

      Indice de desempleo: NA%

      Presupuesto:
      revenues: $1.6 billion
      expenditures: $1.9 billion, including capital expenditures of $NA (1998 est.)

      Industrias: copra crushing, palm oil processing, plywood production, wood chip production; mining of gold, silver, and copper; crude oil production; construction, tourism

      Industrial production growth rate: NA%

      Electricidad - Producci�n: 1.74 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 69.54%
      hydro: 30.46%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 1.618 billion kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: coffee, cocoa, coconuts, palm kernels, tea, rubber, sweet potatoes, fruit, vegetables; poultry, pork

      Exportaciones: $1.9 billion (f.o.b., 1999 est.)

      Exporationes - comodidades: oil, gold, copper ore, logs, palm oil, coffee, cocoa, crayfish and prawns

      Exportaciones - socios: Australia 20%, Japan 13%, Germany 7%, South Korea 5%, Philippines 4%, UK 3% (1998)

      Importaciones: $1 billion (f.o.b., 1999 est.)

      Importaciones - comodidades: machinery and transport equipment, manufactured goods, food, fuels, chemicals

      Importaciones - socios: Australia 51%, Singapore 10%, Japan 8%, US 5%, New Zealand 5%, Malaysia 3% (1998)

      Deuda - externa: $2.4 billion (1999 est.)

      Ayuda economica - recipiente: $400 million (1999 est.)

      Moneda: 1 kina (K) = 100 toea

      Indice de intercambio: kina (K) per US$1 - 2.7624 (November 1999), 2.520 (1999), 2.058 (1998), 1.434 (1997), 1.318 (1996), 1.276 (1995)

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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