Papua New Guinea

Papua New Guinea Overview

Papua New Guinea, island country in the southwestern Pacific Ocean. It encompasses the eastern half of New Guinea, the world’s second largest island (the western half is made up of the Indonesian provinces of Papua and West Papua); the Bismarck Archipelago (New Britain, New Ireland, the Admiralty Islands, and several others); Bougainville and Buka (part of the Solomon Islands chain); and small offshore islands and atolls. The national capital, Port Moresby, is located in southeastern New Guinea on the Coral Sea.

The islands that constitute Papua New Guinea were settled over a period of 40,000 years by the mixture of peoples who are generally referred to as Melanesians. Since the country achieved independence in 1975, one of its principal challenges has been the difficulty of governing many hundreds of diverse, once-isolated local societies as a viable single nation.

Source: britannica.com

Landscape and growth

Global State of the Market Report

In 2022, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 270 professionals on Advisory Boards in Papua New Guinea.

Advisory Board Landscape

The assessment has identified low numbers of Advisory Board professionals in Papua New Guinea. Minimal participation in the market may indicate:

  • That Advisory Board structures engaged in the country are informal in nature;
  • Advisory Boards are referred as a different name, such as committees, councils or think tanks;
  • Traditional sourcing of advice is more customary for Papua New Guinea’s current business environment; or
  • There is a language barrier stemming from the search for Advisory Board professionals being in English.

Future Growth Opportunities

As an emerging sector in Papua New Guinea, connection and collaboration with the global Advisor community will present strong future growth opportunities. Further, focusing on key market sectors – mining and petroleum, telecommunications and energy – as well as acknowledging start-up and emerging industries are essential. It will also be important for Advisory Board professionals in market to be credentialed to best practice and ethics as this sector grows over time.

Key Statistics

Population 9.41 million
GDP $26,594 USD million
Labour Force by occupation
Agriculture56%
Industry13%
Services31%
GDP by sector
Agriculture18.8%
Industry33%
Services44%
Import $2,313.84 USD million
Export $2,834 USD million
Global ease of doing business rank 109th
Global ease of doing business score 59.04/100