Papua New Guinea

The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives.
==Economical characteristics==
* Currency: Papua New Guinean kina (ISO code: PGK)
* Central bank discount rate: 7% (31 December 2008)
* Commercial banks lending rate: 9.27% (31 December 2008)
* Stock of money (M1): $2.005 billion (31 December 2008)
* Quasi money (with M1 makes M2): $1.726 billion (31 December 2008)
===Statistics===
Statistic / Year 	1999 	2000 	2001 	2002 	2003 	2004 	2005 	2006 	2007 	2008
GDP (million USD)World Bank. "Papua New Guinea: GDP", from World Bank Data. Referenced 2010-09-30. 	3 477 	3 521 	3 081 	3 000 	3 536	3 927	4 899	5 605	6 387	8 239
Govt. debt (% of GDP)World Bank. "Papua New Guinea: government debt", from World Bank Data. Referenced 2010-09-30. 	63.537	57.742	68.268	69.734	 	 	 	 	 	
Govt. revenue (% of GDP)World Bank. "Papua New Guinea: government revenue", from World Bank Data. Referenced 2010-09-30. 	22.871	24.226	26.204	22.467	 	 	 	 	 	
Govt. expenses (% of GDP)World Bank. "Papua New Guinea: government expenses", from World Bank Data. Referenced 2010-09-30.	29.331	30.047	26.923	22.094	 	 	 	 	 	
Debt to revenue (years) 	2.778 	2.383 	2.605 	3.104 	 	 	 	 	 	
==References==
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
==External links==
* Papua New Guinea on Wikipedia
* Central bank of Papua New Guinea
* BBC country profile
Category:Countries