Papua New Guinea Prime Minister James Marape has invoked the latest Westpac Economic Growth Report to validate the government’s strategy of diversifying the national economy beyond its traditional dependence on oil, gas, and gold.
The administration is using the bank’s analysis to argue that policy shifts toward broader economic participation are yielding measurable results.
The report’s findings align with the government’s stated objective of reducing vulnerability to commodity price cycles.
By highlighting broad-based growth, Marape aims to demonstrate that the economy is expanding across multiple sectors, rather than relying solely on extractive revenues.
This narrative is central to the current policy agenda, which seeks to create more sustainable employment opportunities and reduce the disparity between macroeconomic growth and household income.
Papua New Guinea’s economy grew by 5.6 percent in 2025, marking one of the strongest performances in the Pacific region.