Cash surplus/deficit as a proportion of GDP in Papua New Guinea
Papua New Guinea: Cash surplus/deficit as a proportion of GDP was -20.3% in 2023. ▲ Rising
Latest (2023)
-20.3%
Change on year
down 4.5%
World rank
52nd
of 162 countries
All-time high
-16.6%
in 2017
All-time low
-30.0%
in 2000
Years of data
13
2000–2023
Cash surplus/deficit as a proportion of GDP in Papua New Guinea, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Papua New Guinea recorded -20.3% for cash surplus/deficit as a proportion of gdp in 2023.
The figure is down 4.5% on the previous year and up 6.6% over ten years.
Over the whole period, cash surplus/deficit as a proportion of gdp in Papua New Guinea peaked at -16.6% in 2017 and was at its lowest, -30.0%, in 2000.
That places Papua New Guinea 52nd out of 162 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Cash surplus/deficit as a proportion of GDP in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -30.0% | — |
| 2001 | -26.9% | -10.4% |
| 2002 | -22.1% | -17.9% |
| 2014 | -21.8% | -1.6% |
| 2015 | -20.2% | -7.0% |
| 2016 | -18.4% | -9.1% |
| 2017 | -16.6% | -9.8% |
| 2018 | -18.3% | +10.4% |
| 2019 | -19.1% | +4.6% |
| 2020 | -20.9% | +9.2% |
| 2021 | -19.8% | -5.1% |
| 2022 | -19.4% | -1.9% |
| 2023 | -20.3% | +4.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's -20.3% is above the median for lower middle income countries, which is -23.0%, 88% of the median. (34 countries reporting)
- Papua New Guinea's -20.3% is above the median for East Asia & Pacific, which is -27.6%, 74% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -26.4% | -30.0% | -22.1% | 3 |
| 2010s | -19.1% | -21.8% | -16.6% | 6 |
| 2020s | -20.1% | -20.9% | -19.4% | 4 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is cash surplus/deficit as a proportion of gdp in Papua New Guinea?
- Cash surplus/deficit as a proportion of gdp in Papua New Guinea was -20.3% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest cash surplus/deficit as a proportion of gdp recorded in Papua New Guinea?
- The highest recorded value was -16.6% in 2017.
- What is the lowest cash surplus/deficit as a proportion of gdp recorded in Papua New Guinea?
- The lowest recorded value was -30.0% in 2000.
- How does Papua New Guinea rank for cash surplus/deficit as a proportion of gdp?
- Papua New Guinea ranks 52nd out of 162 countries with data for 2023.
- Is cash surplus/deficit as a proportion of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is up 6.6%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Cash surplus/deficit as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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