The economic contrast between Australia and PNG is stark: Australia’s per-capita GDP (US$49,755) is around twenty times larger than Papua New Guinea’s (US$2,500). Trade between Australia and PNG is worth more than $5b annually: PNG imports from Australia include meat, crude oil, mining equipment and wheat; Australian imports from PNG including gold, crude oil, silver, platinum and coffee. The two countries share close business and investment links.

Economy of Papua New Guinea

Despite economic growth averaging above three percent each year, Papua New Guinea’s economy has struggled to keep pace with the country’s fast growing population. Overall economic wealth per capita has stagnated or declined slightly despite the contribution of major new resource projects.

Royalties from these projects dominate the government’s revenue sources, with a tiny formal economy making a limited contribution. The reliance on exports means the economy is subject to significant external pressures. Fluctuations in the price of commodities can have a dramatic impact on economic performance.

PNG’s government has set a 2030 target of lifting the country to ‘prosperous, middle-income’ status by 2030. The World Bank says the country must invest significantly in institutions, human capital and physical infrastructure to enable its future economic growth.

Economy of Australia

Australia is one of the world’s wealthiest nations and its economy has demonstrated resilience over a number of years with sustained levels of growth, employment and financial stability.  The country’s economy is dominated by services which account for more than two thirds of GDP. Export revenues from the mining, petroleum and agriculture industries are significant along with foreign education and tourism. Australia’s economy is largely an open one with minimal restrictions on trade.

Small business is a significant player in Australia’s economy: it contributes around a third of total industrial output and is responsible for around half of total employment.

Links & Resources

Australia links

Office of the Chief Economist – Industry Insights

Reserve Bank of Australia

Department of the Treasury

Business.gov.au

Business Council of Australia

Australian Chamber of Commerce and Industry

Council of Small Business Organisations Australia

Australian Industry Group

 

 

PNG links

Bank of Papua New Guinea

Department of Treasury

World Bank Country Brief – PNG

Asian Development Bank – Papua New Guinea brief

Port Moresby Chamber of Commerce and Industry

Investment Promotion Authority

Lae Chamber of Commerce and Industry

PNG Chamber of Mines and Petroleum

PNG Institute of National Affairs

Yellow Pages PNG

PNG Fact Sheet – DFAT

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Emerging Leader Participants

Brandon John - Field Environmental Coordinator, Inter-Oil Corporation - Lowy Institute

Brandon John

Field Environmental Coordinator, Inter-Oil Corporation

ELD Year:
2015

Country:
Papua New Guinea

Current Location:


Lindsay Kutan - Managing Director, Niugini Land and Properties Limited - Lowy Institute

Lindsay Kutan

Managing Director, Niugini Land and Properties Limited

ELD Year:
2015

Country:
Papua New Guinea

Current Location:


Winifred Kula Amini - Principal, Win-IT Consultancy - Lowy Institute

Winifred Kula Amini

Principal, Win-IT Consultancy

ELD Year:
2015

Country:
Papua New Guinea

Current Location:


Zha Agabe-Granfar - Non-Executive Director, Solartec Global Limited - Lowy Institute

Zha Agabe-Granfar

Non-Executive Director, Solartec Global Limited

ELD Year:
2016

Country:
Australia

Current Location:


Christopher Elphick - GM and ED, FairPrice Furniture and President, Young POM Chamber of Commerce - Lowy Institute

Christopher Elphick

GM and ED, FairPrice Furniture and President, Young POM Chamber of Commerce

ELD Year:
2016

Country:
Papua New Guinea

Current Location:


Chris Banga - Project Officer, Economics Policy Program, PNG National Research Institute - Lowy Institute

Chris Banga

Project Officer, Economics Policy Program, PNG National Research Institute

ELD Year:
2016

Country:
Papua New Guinea

Current Location:


Trent Scott - Principal Trade and Investment Officer, Trade and Investment Queensland - Lowy Institute

Trent Scott

Principal Trade and Investment Officer, Trade and Investment Queensland

ELD Year:
2017

Country:
Australia

Current Location:


Martin Foo - Associate, S&P Global Ratings - Lowy Institute

Martin Foo

Associate, S&P Global Ratings

ELD Year:
2017

Country:
Australia

Current Location:
Melbourne

Martin Foo is an Associate in the Sovereign and International Public Finance group at S&P Global Ratings (formerly Standard & Poor’s). Based in Melbourne, he is responsible for the credit ratings on a number of government entities in the Asia-Pacific region. Martin previously worked at the Australian Centre for Financial Studies (part of Monash University) and at the Australian Treasury.


Roberta Morlin - Partner, KLM Consulting - Lowy Institute

Roberta Morlin

Partner, KLM Consulting

ELD Year:
2017

Country:
Papua New Guinea

Current Location:


Judy Ejampi - Finance Manager, Origin Energy PNG Limited - Lowy Institute

Judy Ejampi

Finance Manager, Origin Energy PNG Limited

ELD Year:
2017

Country:
Papua New Guinea

Current Location:


Greg Goroba - Senior Projects Officer, National Housing Estates Limited - Lowy Institute

Greg Goroba

Senior Projects Officer, National Housing Estates Limited

ELD Year:
2017

Country:
Papua New Guinea

Current Location:


Matthew Tickner - Senior Civil Designer and Project Manager - Lowy Institute

Matthew Tickner

Senior Civil Designer and Project Manager

ELD Year:
2018

Country:
Australia

Current Location:
Cairns

Matthew Tickner has over a decade of experience in the professional engineering industry as a Senior Civil Designer and Project Manager. His key field of expertise lies in high value development, infrastructure design and drainage strategy as well as project management. Matthew has extensive disaster relief experience gained while spending 2 years on the Stronger Christchurch Infrastructure Rebuild Team in Christchurch, New Zealand following the 2011 earthquakes. Matthew is also the Deputy Chair of the Cairns Young Chamber of Commerce.


Rhiannon Simcocks - Business and Economic Development Consultant and Chair, Cairns Young Chamber of Commerce - Lowy Institute

Rhiannon Simcocks

Business and Economic Development Consultant and Chair, Cairns Young Chamber of Commerce

ELD Year:
2018

Country:
Australia

Current Location:
Cairns

Rhiannon Simcocks is a business and economic development professional with Kleinhardt Business Consultants based in Cairns. She is the Chair of the Cairns Young Chamber of Commerce and a management committee member of the Cairns Historical Society and Museum. She holds a Bachelor of Business (honours) in Law and Marketing, and has worked in law and in management in hospitality.


John Pong - Senior Advisor - Community Grievance Resolution, Newcrest Mining - Lowy Institute

John Pong

Senior Advisor - Community Grievance Resolution, Newcrest Mining

ELD Year:
2018

Country:
Papua New Guinea

Current Location:
Kavieng

John Pong works for Newcrest Mining Limited. He is the Lead in Community Grievance Resolution at the company's Lihir operations. John holds a Post Graduate Certificate in Responsible Resource Development from the University of Queensland and a Bachelor’s Degree in Communication and Development from the PNG University of Technology. John is fascinated by the interface between mining and host communities. Apart from one year working for MRL Capital, a Lihirian equity trust company, John has spent a 14-year career so far working in the mining industry - all on the Lihir gold project.


Sanja Pepae - Assistant Secretary, Department of National Planning PNG - Lowy Institute

Sanja Pepae

Assistant Secretary, Department of National Planning PNG

ELD Year:
2018

Country:
Papua New Guinea

Current Location:
Port Moresby

Sanja Pepae is a postgraduate student at the Australian National University in Canberra. Prior to taking on studies for his Masters in International and Development Economics, he was Assistant Secretary at the Department of National Planning and Monitoring in Port Moresby. He will return to work with the Department in 2019. Sanja graduated with first class honours in his Bachelor of Economics from the University of Papua New Guinea. He was heavily involved in developing governance and institutional structures for PNG’s proposed Sovereign Wealth Fund, and has served as ex-officio board member on a number of PNG government agencies and authorities.


David Kitchnoge - Bank South Pacific - Lowy Institute

David Kitchnoge

Bank South Pacific

ELD Year:
2015

Country:
Papua New Guinea

Current Location:

Like many young Papua New Guineans, David Kitchnoge is of mixed parentage from two PNG provinces. His parents hail from East Sepik and Morobe. After graduating with a Bachelor of Accounting from Divine Word University in 2002, he joined Deloitte’s graduate development program in 2003 and last held the position of Corporate Finance Manager before leaving and joining Bank South Pacific in April 2015. He currently works as a Financial Modeller in Corporate Banking at BSP. He is a keen follower of rural development issues and trends in PNG having come out of the village himself.


Janine Aringa Garap - Businesswoman - Lowy Institute

Janine Aringa Garap

Businesswoman

ELD Year:
2015

Country:
Papua New Guinea

Current Location:

Janine studied Chemistry at the University of Papua New Guinea and attained her Bachelor of Science degree in April of 2011. She then commenced employment with Barrick Gold at the Porgera Gold Mines in the Enga Province of Papua New Guinea. She was employed there for two years before resigning due to personal reasons, as well as job satisfaction. In 2014, she joined the National Development Bank’s Young Enterprise Scheme to pursue her goal to own and manage her own business. She is still part of this program and her business, Binks Barbeque, is growing steadily.


Oliver Theobald - Operations Specialist, Alibaba Cloud - Lowy Institute

Oliver Theobald

Operations Specialist, Alibaba Cloud

ELD Year:
2015

Country:
Australia

Current Location:
Hangzhou

Oliver works as a Senior Operations Specialist at Alibaba Cloud in Hangzhou, China, and is enthusiastic about entrepreneurship, data science, e-commerce, Asia education and foreign languages. Olly is a graduate of RMIT University and the Johns Hopkins Nanjing Center and is also a Co-Founder of Asia Options (www.asiaoptions.org).


Anthony Obeyesekere -  - Lowy Institute

Anthony Obeyesekere

ELD Year:
2015

Country:
Australia

Current Location:
Sydney

Anthony is an economic consultant engaged in research and analysis for the World Bank in Sydney. His work has focused on long-run economic prospects for developing countries in the Pacific region, as well as on contemporary opportunities and challenges in Papua New Guinea. Anthony began his career at the Australian Department of Treasury, working on analysis and forecasting of the Australian economy. He later completed a fellowship within the Economic Research Department of the Central Bank of Sri Lanka, before moving to New Zealand to join the Ministry of Business, Innovation and Employment as a senior advisor within the Office of the Chief Executive.

He has undergraduate degrees in Business, Economics and Mathematics from the Queensland University of Technology, the University of Queensland and the Australian National University, respectively, as well as a Masters in International and Development Economics from the latter. He is a team member of Effective Altruism Australia, a charity he has helped establish, which has raised over $2.5 million in support of high-impact global poverty and health interventions. He is a co-convenor of seminars on social impact in Macquarie University’s Global Leadership Program for undergraduates, and Global Leadership Certificate for highschool students, and a career mentor for students at his alma maters.


Bryan Leong - Strategy and Growth Leader, GE - Lowy Institute

Bryan Leong

Strategy and Growth Leader, GE

ELD Year:
2015

Country:
Australia

Current Location:
Melbourne


Matthew Dornan - Development Policy Centre - Lowy Institute

Matthew Dornan

Development Policy Centre

ELD Year:
2015

Country:
Australia

Current Location:
Canberra


Desmond Yaninen - NDB Investments Limited - Lowy Institute

Desmond Yaninen

NDB Investments Limited

ELD Year:
2014

Country:
Papua New Guinea

Current Location:
Port Moresby


Benson Saulo - Senior Consultant, PwC Indigenous Consulting - Lowy Institute

Benson Saulo

Senior Consultant, PwC Indigenous Consulting

ELD Year:
2014

Country:
Australia

Current Location:

Benson Saulo is descendant of the Wemba Wemba and Gundjitmara Aboriginal nations of western Victoria and the New Ireland Province of Papua New Guinea. Growing up in the rural town of Tamworth in New South Wales, Benson began working at ANZ Bank at the age of 15. Benson progressed in his career with the bank, becoming an International Officer, Business Banking Manager and Business Analyst by the age of 22. In 2011, Benson was appointed Australian Youth Representative to the United Nations. Benson represented Australian Youth at the 66th Session of the United Nations General Assembly and was based in New York as an accredited member of the Department of Foreign Affairs and Trade. Benson led negotiations on the Rights of the Child resolution with a focus on children with disabilities and also the Youth Resolution which focussed on the impacts of the financial and economic crisis on young people globally. In 2012, Benson became the Founding Director of the National Indigenous Youth Leadership Academy, which engaged Indigenous young people to lead positive change in communities across Australia through youth-led social action initiatives. Benson is the co-founder of Mind Garden Projects, a not-for-profit organisation that sources and develops education resources to support schools, teachers and students across New Ireland Province in Papua New Guinea. Benson is a current board member of the National Commission for the United Nations Education, Science, Cultural Organization (UNESCO), Director of the Indigenous Leadership Network of Victoria and is an Ambassador for Welcome to Australia and YGAP’s Polished Man.


Chandra Clements - Entrepreneur - Lowy Institute

Chandra Clements

Entrepreneur

ELD Year:
2014

Country:
Australia

Current Location:
Gold Coast


Tessa Albrecht - Financial communications professional - Lowy Institute

Tessa Albrecht

Financial communications professional

ELD Year:
2014

Country:
Australia

Current Location:


Justin Webb - Consultant, BlackRock Australia - Lowy Institute

Justin Webb

Consultant, BlackRock Australia

ELD Year:
2013

Country:
Australia

Current Location:
Sydney

Justin Webb is a Consultant for BlackRock Australia and the Chairman and Founder of PacWealth Capital, the first independent full-service wealth advisory and investment firm in Papua New Guinea. He holds an MBA from Saïd Business School, Oxford University and an AB Honors, majoring in economics from Harvard University. He is a former Oxford Union Debating Member and has rowed for Harvard University and Oxford University.


Ali Vali-Khojeini - Business Executive - Lowy Institute

Ali Vali-Khojeini

Business Executive

ELD Year:
2013

Country:
Australia

Current Location:
Sydney


Anthony Swan - Research Fellow, Development Policy Centre, ANU - Lowy Institute

Anthony Swan

Research Fellow, Development Policy Centre, ANU

ELD Year:
2013

Country:
Australia

Current Location:
Canberra


Carly Stephan - Professional mentor and coach - Lowy Institute

Carly Stephan

Professional mentor and coach

ELD Year:
2013

Country:
Australia

Current Location:
Brisbane

Carly is a professional mentor and coach who specialises in guiding women to align with and embody their highest potential. After over a decade working in international aid and development in Africa, Asia and the Pacific, Carly began her own consultancy and advisory service. She now uses her extensive professional experience as an international development practitioner, including a strengths-based approach to empowerment, within both her private 1:1 coaching and group coaching programs.

@carlystephan

Christina Goodman - Analyst, Economic Research, Strategy Governance and CEO Office, Austrade - Lowy Institute

Christina Goodman

Analyst, Economic Research, Strategy Governance and CEO Office, Austrade

ELD Year:
2013

Country:
Australia

Current Location:

Christina Goodman is an economist at Austrade, the Australian Government’s trade, investment and education promotion agency, where her work focuses on growing Australia’s economy and attracting investment in the Asian Century. Christina spent her early childhood in Port Moresby, and has maintained a connection with PNG through her work on the Australia-PNG trade relationship. Previously, Christina worked as an operations analyst with the International Finance Corporation, World Bank Group, where she was primarily focused on China’s financial sector.


Alex Butterworth - Lawyer and advisor - Lowy Institute

Alex Butterworth

Lawyer and advisor

ELD Year:
2013

Country:
Australia

Current Location:
Sydney

Alex is Senior Legal Counsel at McDonald's, and previously worked with members of state and federal parliament, state and federal ministers and shadow ministers and as an intern with the former Chairman of the United States Congress House Foreign Affairs Committee, Ileana Ros-Lehtinen. As a young person in politics, Alex led several organisations, including the Australian Liberal Students' Federation and the WA branch of Australians for Constitutional Monarchy.

@AlexButterworth

Deni ToKunai - Business Consultant and writer - Lowy Institute

Deni ToKunai

Business Consultant and writer

ELD Year:
2013

Country:
Papua New Guinea

Current Location:
Port Moresby


John Taka - Accountant and charity co-founder - Lowy Institute

John Taka

Accountant and charity co-founder

ELD Year:
2013

Country:
Papua New Guinea

Current Location:
Port Moresby

John Taka is the Co-Founder and President of Seeds of Hope PNG Inc., a charity organisation based in Mt Hagen. It exists to help raise funds to support unfortunate students, youths and people in rural communities. He is currently the Senior Accountant (Auditor) with KPMG. He recently completed his Master of Science (MSc) Accounting & Finance at Leeds University Business School, UK. He graduated with Bachelors Degree in Business Accountancy at Divine Word University (2008-2011) Madang, PNG.


Dianne Peliokai - Manager, Risk and Consulting Services, Deloitte - Lowy Institute

Dianne Peliokai

Manager, Risk and Consulting Services, Deloitte

ELD Year:
2013

Country:
Papua New Guinea

Current Location:
Port Moresby


Sisa Kini - Social Impacts Manager, Esso Highlands Ltd. - Lowy Institute

Sisa Kini

Social Impacts Manager, Esso Highlands Ltd.

ELD Year:
2013

Country:
Papua New Guinea

Current Location:
Port Moresby


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Australian Business Volunteers

AustAsia Pacific Health Services - Lowy Institute

AustAsia Pacific Health Services

AustAsia Pacific Health Services has provided medical services to those living and working in Papua New Guinea for nearly 20 years. With our experience comes the understanding of remote area access to medical treatment, as a result we can assist patients to obtain quality services. We provide a total coverage of medical services using the expertise of Specialists in Queensland and Executive Health Check-ups in all major centres on the Eastern Seaboard. AustAsia Pacific offers comprehensive support during an entire medical visit. Working in partnership with Medevac Pacific International we assist Companies when employees and their families experience life threatening injuries or illness and seek treatment in Australia.

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BMT WBM - Lowy Institute

BMT WBM

BMT WBM is a specialist environmental and engineering company and has been providing services to PNG since the early 1980s. BMT WBM delivers practical engineering and scientific solutions to many of the challenging problems being faced by Governments and industry today. Our strength lies in the intelligence and experience of our people, supported by advanced analytical tools and instrumentation. BMT WBM has a third-party accredited Integrated Management System which includes Quality Assurance (AS/NZS ISO 9001), Environmental Management (AS/NZS ISO 14001) and Safety (AZ/NZS 4801; ISO 18001).

BMT WBM

Australia Papua New Guinea Business Council - Lowy Institute

Australia Papua New Guinea Business Council

The Australia Papua New Guinea Business Council is an association of Australian-based businesses which invest in or trade with Papua New Guinea. It hosts the annual Australia Papua New Guinea Business Forum, makes submissions to the PNG government on behalf of its members, advocates action on issues of concern to its members and links with the Business Council of Papua New Guinea, the Department of Foreign Affairs and Trade and Austrade. It was established in 1980 and its members include major companies involved in banking, mining, agriculture as well as numerous smaller companies involved in a range of sectors. The council welcomes membership applications from individuals and companies that share its goals and objectives.

Australia Papua New Guinea Business Council

Development Policy Centre - Lowy Institute

Development Policy Centre

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Development Policy Centre

Lowy Institute - Lowy Institute

Lowy Institute

The Lowy Institute is an independent, nonpartisan international policy think tank located in Sydney, Australia. Ranked as Australia's leading think tank, it provides high - quality research and distinctive perspectives on the international trends shaping Australia and the world. The Lowy Institute's Pacific Islands Program focuses on Papua New Guinea and the Pacific Islands more broadly. It convenes events on Papua New Guinea such the Australia-Papua New Guinea Emerging Leaders Dialogue. The Lowy Institute is being supported by the Australian Government to develop and host the Australia-Papua New Guinea Network.

Lowy Institute

PLN Australia: Pacific Legal Network - Lowy Institute

PLN Australia: Pacific Legal Network

Through the Pacific Legal Network, PLN Australia provides co-ordinated legal and business advisory services access to lawyers and business advisors in Australia and Papua New Guinea. We simplify the process of being represented in multiple countries. We are able to assist you with your legal and business needs in Australia and Papua New Guinea.

PLN Australia: Pacific Legal Network

National Research Institute of Papua New Guinea - Lowy Institute

National Research Institute of Papua New Guinea

The PNG National Research Institute is Papua's New Guinea's leading public policy and development think tank. The Institute's vision is to be recognised among the leading public policy think tanks in the Asia-Pacific region. It conducts research which contributes to quality, evidence-based public policies and decision-making processes that aim to improve quality of life for all Papua New Guineans.

PNG NRI was established as the New Guinea Research Unit (NGRU) of the Australian National University in 1961. When PNG gained independence, the NGRU became the Institute for Applied Social and Economic Research (IASER), and in 1993 was officially recognised as the National Research Institute.

In 2016, PNG NRI launched plans for the PNG Knowledge Hub, a precinct which brings together a community of organisations, leaders, researchers, consultants, academics, government and the private sector to confront the development challenges faced by PNG.

National Research Institute of Papua New Guinea

Tradelinked Cairns and PNG - Lowy Institute

Tradelinked Cairns and PNG

Tradelinked Cairns & PNG is a focussed trade group established in Cairns to promote to, and engage with, like-minded businesses trading between Cairns and Papua New Guinea. The group aims to develop strong links; connect businesses and provide timely and relevant information to businesses within the two regions. Tradelinked Cairns & PNG offers a number of activities for Cairns & PNG businesses to develop their networks through the sharing of contacts, experiences and market intelligence. There is no cost to participate in Tradelinked activities. If you are a Cairns or PNG business who is keen to grow through business networking then get on board with Tradelinked Cairns & PNG.

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Advance Cairns - Lowy Institute

Advance Cairns

Advance Cairns is the peak advocacy and economic development organisation for Tropical North Queensland. It promotes the wide range of goods produced and services available in Tropical North Queensland as well as active investment in the region. One of the priorities of Advance Cairns and the region is actively promoting trade and investment to and from PNG.

Advance Cairns

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