Papua New Guinea has a strong and growing economy, with a GDP of $27.3 billion in 2019. This is a 4.2% increase from the previous year, making it one of the fastest growing economies in the Pacific region. The country is rich in natural resources, including oil, gas, gold, copper, and timber, which account for a large portion of its exports. The services sector is also a major contributor to the economy, with tourism, banking, and telecommunications all playing a significant role. The unemployment rate in Papua New Guinea is relatively low, at 4.2%, and the inflation rate is also low, at 2.2%. The country has a strong banking system, with the Bank of Papua New Guinea being the largest financial institution. The government has implemented a number of reforms to improve the business environment, including reducing red tape and improving access to finance. Overall, Papua New Guinea has a strong and growing economy, with a bright future ahead.