The Papua New Guinea (PNG) economy, despite global uncertainty along with the fluctuating commodity prices, continues to perform well and is set to further grow, something which the prime minister attributes to good policies and measures in place.

According to the Asian Development Bank and the World Bank, PNG remains one of the fastest-growing economies in the Pacific, despite global uncertainty caused by trade tensions, slowing Chinese demand, and volatile commodity prices.

PNG’s economy is projected to strengthen in 2025, with major international financial institutions forecasting growth between 4.2% and 4.7%, supported by improvements in the resource sector, expanding agriculture, and significant Government investment in infrastructure, education, and household relief measures.

Prime Minister James Marape welcomed the latest assessments, saying they confirm that Government reforms, fiscal responsibility, and targeted support to families and businesses are positioning the country for long-term stability.

“Through global shocks and domestic challenges, our economic fundamentals have held firm,” Prime Minister Marape said.

“We remain committed to responsible fiscal management, diversification beyond extractives, better provincial and district funding systems, and reforms that place families and small businesses at the centre of economic recovery.”