The removal of foreign exchange controls, particularly on lending to non resident companies also supported the strong growth. Agriculture sector The agriculture sector continues to be an important one for Papua New Guinea, providing employment and income-earning opportunities for a large number of our people, sustaining the livelihood of many and providing foreign exchange inflows.
This sector contributed 33 percent to the country’s overall GDP, according to the most recent official National Accounts from the National Statistical Office, which is for 2006 (see chart 1). The value of agricultural exports in the March quarter of 2009 was K406.8 million, 16.4 percent of total exports (see chart 2).