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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 ]
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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]
22 May – Papua New Guinea and the United States will sign a security pact today that will see U.S. troops stationed in the country in the largest American presence there since the Second World War. [5] 29 August – The Prime Minister of Papua New Guinea James Marape announces that his country will open their Israel embassy in disputed ...
The highest growth on the production side was Transportation and Storage at 13.96%. During 2023, the Indonesian economy continued to grow spatially. The group of provinces according to the islands, the provinces with the highest growth were Maluku and Papua, Sulawesi, and Kalimantan with growth (c-to-c) of 6.94%, 6.37% and 5.43%.
In 2002, Papua adopted its current name and was granted a special autonomous status under Indonesian legislation. Papua is a province rich in natural resources and cultural diversity, offering great potential for future development. As of 2020, Papua had a GDP per capita of Rp 56.1 million (US$ 3,970), placing it 11th among Indonesian provinces ...
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