Papua New Guinea: Overlooked Opportunity For Emerging Markets Bulls
Papua New Guinea is an investment opportunity often overlooked by emerging market bulls. What do they commonly look for? High growth, steady government, abundant resources. The economy of PNG is steady and growing quickly on the strength of the agriculture, mining, and oil/gas industries. The country is one of the worlds most unexplored and this thought to still be home to numerous undocumented plants, animals, insects, tribes, and languages. This underdeveloped economy is ready for growth and appears surprisingly open to foreign investment. Like every nation on Earth, there are problems (which I will outline), but what makes investment in PNG special is the how surprisingly overlooked and underdeveloped the country and economy is despite the vast natural resources and economic and political stability. (click to enlarge) Pros GDP Growth PNG's GDP was 16.9 Billion in 2011, a growth of 8.9% (12th in the word according to the CIA ) from 7.8 and 6.1 percent in 2010 and 2009 respective