PAPUA NEW GUINEA

Reference Values

PAPUA NEW GUINEA - LIVING INCOME

Papua New Guinea -Reference

Jan 1, 2020

Reference Value Report: Living Income Report 2020 for Rural Papua New Guinea

Jan 1, 2020

The Anker Living Income Reference Value for 2020 for rural Papua New Guinea (PNG) is PGK 1,593 (USD 460) per month with a 95% confidence around it from PGK 1,432 (USD 414) to PGK 1,773 (USD 512). This is the net income required for typical rural households to be able to afford a basic but decent living standard in a typical rural area of Papua New Guinea. “A living income is the net annual income required for a household in a particular place to afford a decent standard of living for all members of that household. Elements of a decent standard of living include: food, water, housing, education, healthcare, transport, clothing, and other essential needs including provision for unexpected events” (Living Income Community of Practice).

Reference Values Updates

PAPUA NEW GUINEA - LIVING INCOME

Papua New Guinea -Reference

Jun 7, 2023

Update Report: Living Income Reference Value Update 2023 for Rural Papua New Guinea

Jun 7, 2023

This report provides an update of the Anker Living Income Reference Value for rural Papua New Guinea, taking into account inflation since the original report. As of 2020, the estimated living income for rural areas in Papua New Guinea was PGK 1,593 per month. This update takes into account the amount of inflation to mid-2023 for the country since mid-2020. Between mid-2020 and mid-2023, the inflation rate in Papua New Guinea was 10.5%. Without accounting for inflation, the living income estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2023, because the purchasing power of the living income would have decreased. Therefore, the updated living income for 2023 in rural Papua New Guinea is estimated to be PGK 1,760 per month.