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PNG's economic statics. Provide with graphs diagram.

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As of my last update in October 2023, I can't provide real-time data or generate graphs directly. However, I can summarize the key economic statistics of Papua New Guinea (PNG) and suggest how you can visualize them.

Key Economic Statistics of Papua New Guinea:

  1. GDP Growth Rate:

    • The GDP growth rate has varied significantly over the years, influenced by factors like commodity prices and natural disasters.
    • Recent statistics before 2023 indicated a recovery from the pandemic, but growth could be volatile.

  2. GDP Composition:

    • Sectors: Agriculture (about 25% of GDP), Mining (around 30%), and Services (the remaining).
    • PNG is rich in natural resources, including gold, copper, and oil.

  3. Inflation Rate:

    • Inflation has been a concern, affected by global commodity prices and local economic conditions.

  4. Unemployment Rate:

    • The unemployment rate in PNG has been relatively high, especially among the youth. Estimates suggest it's over 20%.

  5. Trade Balance:

    • Historically, PNG has had a trade surplus due to its exports of minerals and agricultural products.

  6. Foreign Direct Investment (FDI):

    • PNG attracts FDI, particularly in the mining and energy sectors, but governance and infrastructure issues can be barriers.

Data Visualization Suggestions:

  1. Line Graphs:

    • Plot the GDP growth rate over the past decade to show trends.
    • Use a line graph to represent inflation rates over time.

  2. Pie Charts:

    • Create a pie chart of GDP composition by sector (Agriculture, Mining, Services).
    • A pie chart can also show the percentage of exports vs. imports.

  3. Bar Charts:

    • Use a bar chart to showcase FDI inflows by year.
    • A bar chart can effectively illustrate the unemployment rate across different demographics.

Tools for Creating Graphs:

You can use software or online tools like Microsoft Excel, Google Sheets, Tableau, or other data visualization tools to create these charts.

Where to Find Updated Data:

  • World Bank: World Bank PNG Data
  • International Monetary Fund (IMF): IMF Country Data
  • PNG National Statistical Office: Official governmental data on various economic indicators.

If you require specific data points or use cases, please let me know!