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How is the economy of Papua New Guinea like?

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Papua New Guinea's average applied tariff rate is 2.0 percent. Nontariff barriers impede some trade. The government screens new investment, and the regulatory system acts as a barrier to foreign investment. read more

Papua New guinea is a developing nation,reach in minerals but the production is low and the consumption is high. According to your question,the economic of Papua New guinea is growing constantly This page may be out of date. read more

Papua New Guinea's economy is dominated by two sectors: the agricultural, forestry, and fishing sector, where most of the labour force of the country is engaged, and the minerals and energy extraction sector from which most of the export earnings are made. read more

Papua New Guinea’s economic freedom score is 55.7, making its economy the 127th freest in the 2018 Index. Its overall score has increased by 4.8 points, with significant improvements in the fiscal health and government spending indicators far outpacing declines in monetary freedom and labor freedom. read more

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