Papua New Guinea vs Singapore: Current account balance
Current account balance over time
- Papua New Guinea
- Singapore
How they compare
Singapore currently reports 16.7% against 15.5% in Papua New Guinea, a difference of 1.2%.
That makes Singapore's figure about 1.1 times Papua New Guinea's.
The two have swapped places 3 times across 49 shared years of data; in 1976 it was Papua New Guinea ahead.
Papua New Guinea ranks 11th and Singapore ranks 9th of 200 countries.
Across the 6 decades both report, Papua New Guinea averaged higher in 1 and Singapore in 5.
Head to head by decade
| Decade | Papua New Guinea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.3% | -6.8% | 10.2% | Papua New Guinea |
| 1980s | -10.6% | -1.8% | 8.8% | Singapore |
| 1990s | 4.2% | 13.9% | 9.6% | Singapore |
| 2000s | 4.9% | 19.3% | 14.3% | Singapore |
| 2010s | 4.8% | 18.3% | 13.5% | Singapore |
| 2020s | 13.2% | 17.9% | 4.7% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Papua New Guinea or Singapore?
- Singapore, at 16.7% against 15.5% in Papua New Guinea as of 2025.
- What is the difference in current account balance between Papua New Guinea and Singapore?
- 1.2%, with Singapore ahead.
- How many years of comparable data are there for Papua New Guinea and Singapore?
- 49 years are reported by both, from 1976 to 2024.
- How do Papua New Guinea and Singapore rank globally for current account balance?
- Papua New Guinea ranks 11th and Singapore ranks 9th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.