Papua New Guinea vs World: External balance on goods and services
External balance on goods and services over time
- Papua New Guinea
- World
How they compare
Papua New Guinea currently reports 13.2% against 1.0% in World, a difference of 12.2%.
That makes Papua New Guinea's figure about 13.5 times World's.
The two have swapped places 9 times across 35 shared years of data; in 1970 it was World ahead.
Papua New Guinea ranks 18th and World ranks 17th of 193 countries.
Across the 4 decades both report, Papua New Guinea averaged higher in 2 and World in 2.
Head to head by decade
| Decade | Papua New Guinea | World | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -8.2% | -0.1% | 8.1% | World |
| 1980s | -13.1% | -0.5% | 12.5% | World |
| 1990s | 5.6% | 0.3% | 5.3% | Papua New Guinea |
| 2000s | 12.3% | 0.1% | 12.2% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Papua New Guinea or World?
- Papua New Guinea, at 13.2% against 1.0% in World as of 2004.
- What is the difference in external balance on goods and services between Papua New Guinea and World?
- 12.2%, with Papua New Guinea ahead.
- How many years of comparable data are there for Papua New Guinea and World?
- 35 years are reported by both, from 1970 to 2004.
- How do Papua New Guinea and World rank globally for external balance on goods and services?
- Papua New Guinea ranks 18th and World ranks 17th of 193 countries.
- 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.
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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.