New Britain Palm Oil Limited (NBPOL) plays a significant role in Papua New Guinea's economy, particularly through its contributions to the country's Gross Domestic Product (GDP). As one of the nation's largest agricultural enterprises, NBPOL not only promotes job creation and provides livelihoods for thousands of local farmers but also generates substantial export revenues from palm oil production. Annually, it is estimated that NBPOL contributes around 0.5% to 1% of Papua New Guinea's GDP, reflecting the importance of the palm oil sector in driving economic growth and supporting rural development. The company's commitment to sustainable practices further enhances its positive impact on both the economy and the environment, making it a key player in the nation's agricultural landscape.
Write a paragraph about how the new britain palm oil contributed to Papua New Guineas gdp and how much is contributed annually?
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