Country Diagnostics Studies: Papua New Guinea Critical Development Constraints

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): Economic Research and Regional Cooperation Department, ADB
Asian Development Bank (adb): Economic Research and Regional Cooperation Department, ADB

No RPT124457, ADB Reports from Asian Development Bank (ADB)

Abstract: Papua New Guinea’s economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population’s welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints. The 2009 PPP Update provides an intermediate benchmark and more firmly based real expenditures and price level indexes for 2009 than would have been possible using the conventional extrapolation technique. The results include PPP-based gross domestic product and its major aggregates of actual final consumption; collective consumption expenditure by general government; gross fixed capital formation; changes in inventories and net acquisitions of valuables; and balance of exports and imports.

Keywords: adb; asian development bank; asdb; asia; pacific; poverty asia; country diagnostic study; economic development; development constraints; millennium development goals; economic growth; inclusive; inequality; poverty reduction; employment; unemployment; mdgs; papua new guinea; economic development constraints (search for similar items in EconPapers)
Pages: 128 pages
Date: 2012-04, Revised 2013-08-15
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