Papua New Guinea: Population 10. Comprehensive country profile with geography, economy, government data and more. Papua New Guinea (PNG), officially the Independent State of Papua New Guinea, is an island country in Oceania that comprises the eastern half of the island of New Guinea and offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. It has a land border. Mount Tavurvur, an active stratovolcano, it is one of the many sub-vents of the Rabaul caldera on the island of New Britain in Papua New Guinea. Its mainland on the island of New Guinea. Year 2026 Papua New Guinean kina/United States dollar (PGK/USD) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Source: free currency rates (FCR)Latest update:Severe Tropical Cyclone Maila caused damage to roads and infrastructure across parts of PNG, particularly Milne Bay and the Autonomous Region of Bougainville. PNG was first settled between 50,000 and 60,000 years ago. Its harsh geography of mountains, jungles, and numerous river valleys kept many of the arriving groups isolated, giving. Kishti Sen, Soni Kumari & Tom Kenny Pacific Economist, Commodity Strategist & Senior International Economist, ANZ Papua New Guinea (PNG) is poised to record its best ever annual cash-crop export revenue in 2024, largely on the back of surging global cocoa prices. PNG's three key cash crops consist.