Asian Development Bank Member Factsheet - Papua New Guinea
The economy of PNG is small, open, and export-oriented. Mineral products (including oil, gas, liquid natural gas, gold, and copper) account for roughly 84% of all exports, with agriculture, forestry, and marine products contributing the other 16%. The economy is estimated to have contracted by at least 2.9% in 2020, largely due to the impacts of the coronavirus disease (COVID-19) pandemic