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The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. [20] However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. [ 21 ]
Highland Papua (Indonesian: Papua Pegunungan) is a province of Indonesia, which roughly follows the borders of the Papuan customary region of Lano-Pago (often shortened to La Pago). [6] It covers an area of 51,213.33 km 2 (19,773.58 sq mi) and had a population of 1,448,360 according to the official estimates as at mid 2023. [2]
List of Indonesian provinces by GDP Per Capita in 2023. Average annual exchange rate in 2023: IDR 15,242.2993 per U.S. dollar. Rank Province Region Per capita [9] (in thousand Rp) Per capita Nominal PPP ; 1 Jakarta: Java: 322,615 21,166 67,842 2 East Kalimantan: Kalimantan: 215,761 14,155 45,372 3 North Kalimantan: Kalimantan: 201,749 13,236 ...
The Free Papua Movement or Free Papua Organization (Indonesian: Organisasi Papua Merdeka, OPM) is a name given to a separatist movement that aims to separate West Papua from Indonesia and establish an independent state in the region.
The Papua conflict (Indonesian: Konflik Papua) is an ongoing conflict in Western New Guinea (Papua) between Indonesia and the Free Papua Movement (Indonesian: Organisasi Papua Merdeka, OPM).
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West Papua is located between 0–4 degrees South Latitude and 124–132 degrees East Longitude, just below the equator with an altitude of 0–100 m (0–328 ft) above sea level. The area of West Papua before the creation of Southwest Papua Province was 99,398.26 km 2 (38,377.88 sq mi), [60] and is currently about 60,275.33 km 2 (23,272.44 sq mi).
During the COVID pandemic and its immediate aftermath, the M2 money supply increased at the fastest rate in decades, leading some to link the growth to the 2021-2023 inflation surge. Fed chairman Jerome Powell said in December 2021 that the once-strong link between the money supply and inflation "ended about 40 years ago," due to financial ...