Tag Archives: Papua New Guinea

Papua New Guinea is an emerging economy with a GDP of around USD22.5 billion. The country’s economy is mainly driven by the services sector, which accounts for around 58% of the country’s GDP. This sector includes banking and finance, shipping, tourism and other related activities. The manufacturing sector is also an important contributor to the economy, accounting for around 21%. This sector includes food processing and light manufacturing such as furniture and clothing. Agriculture is another important economic activity in Papua New Guinea and it contributes around 10% to total GDP. This sector produces crops such as coffee, cocoa beans, palm oil, tea and rubber. Livestock farming is also an important component of this industry as it provides meat products to the country’s population. Fishing is also an important source of income for many people in Papua New Guinea as it provides seafood products to both local and international markets. The mining sector has seen some growth in recent years due to increased investment from foreign sources. This industry is mainly focused on extracting minerals such as gold, copper and oil from the country’s rich deposits. In addition to these sectors, Papua New Guinea has also been making efforts towards diversifying its economy through the development of special economic zones (SEZ) which are designed to attract foreign investment into the country. These zones offer attractive incentives such as tax exemptions and preferential access to capital markets for businesses operating within them. This has helped attract investments from both domestic and international sources which have led to further economic growth in Papua New Guinea. The history of agriculture in Papua New Guinea dates back to the early 19th century, when the first European explorers arrived. The first crops grown were mostly sweet potato and taro, as well as other root vegetables. As the population grew, so did the diversity of crops. Tobacco and coffee were introduced in the late 19th century, followed by coconuts, bananas, and other tropical fruits. By the 1950s, cocoa was being grown in some parts of Papua New Guinea for export. Today, agriculture remains a vital part of Papua New Guinea’s economy and is responsible for more than half of its GDP. Rice is now one of the country’s most important crops and is grown throughout much of the country. Coffee is still an important export crop as well, with nearly two thirds of all coffee produced coming from Papua New Guinea. Other important exports include cocoa, coconut oil, palm oil, tea and rubber. Despite these advances in agriculture production over the past few decades, many rural areas remain extremely underdeveloped and lack access to modern farming technology or infrastructure. A number of initiatives have been implemented to help improve agricultural productivity in these areas such as providing farmers with access to improved seeds and fertilizers as well as training on modern farming methods.

Papua New Guinea Brief History

Some places I visited in Papua New Guinea during my trip: agats, jiwika, kurima, manokwari, wamena, pyramid and kimbim, rainer stalvik New Guinea, the world’s second largest island, has long been one of the earth’s least explored areas and has therefore attracted both researchers and explorers. Here they encountered harsh climatic conditions in the form… Read More »