Papau New Guinea

Colin O’DowdMitchell Charles Murray

1000 US dollars = 2695.6 Kina

Exchange Rate

Papua New Guinea is a Capitalistic economy.

Advantage: People get two pick their own jobs and there is competition. Another advantage, is that people are able to make their own economic decisions which could stimulate the economy.

Disadvantage: Competition could cause the market to get out of hand. The government might want more power and try to overtake the market.

Tax Rate: 19.9%

GDP $6.363 billion (2008 est.) GDP - per capita (PPP): $2,300 (2008 est.) Unemployment rate: 1.9% up to 80% in

urban areas (2004)

Boroko Motor is the main car company is Papua New Guinea.

It produces cars and products that make the car work.

They have been around for about 10 years.

Main tree company in Papua New Guinea. It produces raw wood to sell. They have been around for about 10 years

aswell.

The economy of Papa New Guinea is they are in a small amount of debt. Inflation has caused this because it has gone up by 8.8 percent over the past year. They have rebuilt their trading relationship from Australia, their former colonial ruler. They also need to reboost the confidence of their former investors.