Low & middle income vs Papua New Guinea: External balance on goods and services
External balance on goods and services over time
- Low & middle income
- Papua New Guinea
How they compare
Papua New Guinea currently reports 13.2% against 0.9% in Low & middle income, a difference of 12.3%.
That makes Papua New Guinea's figure about 14.5 times Low & middle income's.
The two have swapped places 9 times across 44 shared years of data; in 1961 it was Low & middle income ahead.
Low & middle income ranks 19th and Papua New Guinea ranks 18th of 44 groups.
Across the 5 decades both report, Low & middle income averaged higher in 3 and Papua New Guinea in 2.
Head to head by decade
| Decade | Low & middle income | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | -1.0% | -18.6% | 17.6% | Low & middle income |
| 1970s | -1.2% | -8.2% | 7.0% | Low & middle income |
| 1980s | -1.8% | -13.1% | 11.2% | Low & middle income |
| 1990s | -1.2% | 5.6% | 6.8% | Papua New Guinea |
| 2000s | 0.7% | 12.3% | 11.6% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Low & middle income or Papua New Guinea?
- Papua New Guinea, at 13.2% against 0.9% in Low & middle income as of 2004.
- What is the difference in external balance on goods and services between Low & middle income and Papua New Guinea?
- 12.3%, with Papua New Guinea ahead.
- How many years of comparable data are there for Low & middle income and Papua New Guinea?
- 44 years are reported by both, from 1961 to 2004.
- How do Low & middle income and Papua New Guinea rank globally for external balance on goods and services?
- Low & middle income ranks 19th and Papua New Guinea ranks 18th of 44 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.