Current account balance as a proportion of GDP in Papua New Guinea
Papua New Guinea: Current account balance as a proportion of GDP was 15.0% in 2024. ◆ Volatile
Latest (2024)
15.0%
Change on year
up 65.3%
World rank
9th
of 204 countries
All-time high
15.9%
in 2017
All-time low
-16.2%
in 2013
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Papua New Guinea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Papua New Guinea recorded 15.0% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is up 65.3% on the previous year and up 23.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in Papua New Guinea peaked at 15.9% in 2017 and was at its lowest, -16.2%, in 2013.
Papua New Guinea ranks 9th of 204 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 10.0% | — |
| 2001 | 9.3% | -6.7% |
| 2002 | -0.8% | -109.0% |
| 2003 | 4.0% | -579.7% |
| 2004 | 4.8% | +19.2% |
| 2005 | 13.4% | +178.7% |
| 2006 | 5.3% | -60.5% |
| 2007 | 1.9% | -64.1% |
| 2008 | 6.8% | +259.6% |
| 2009 | -5.1% | -174.7% |
| 2010 | -4.5% | -11.5% |
| 2011 | -1.1% | -75.6% |
| 2012 | -10.8% | +880.6% |
| 2013 | -16.2% | +50.4% |
| 2014 | 12.1% | -174.8% |
| 2015 | 11.2% | -7.7% |
| 2016 | 13.6% | +21.6% |
| 2017 | 15.9% | +16.7% |
| 2018 | 13.6% | -14.3% |
| 2019 | 14.4% | +5.5% |
| 2020 | 14.3% | -0.3% |
| 2021 | 12.6% | -12.3% |
| 2022 | 14.4% | +14.7% |
| 2023 | 9.1% | -37.2% |
| 2024 | 15.0% | +65.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | -5.1% | 13.4% | 10 |
| 2010s | 4.8% | -16.2% | 15.9% | 10 |
| 2020s | 13.1% | 9.1% | 15.0% | 5 |
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 current account balance as a proportion of gdp in Papua New Guinea?
- Current account balance as a proportion of gdp in Papua New Guinea was 15.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Papua New Guinea?
- The highest recorded value was 15.9% in 2017.
- What is the lowest current account balance as a proportion of gdp recorded in Papua New Guinea?
- The lowest recorded value was -16.2% in 2013.
- How does Papua New Guinea rank for current account balance as a proportion of gdp?
- Papua New Guinea ranks 9th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is up 23.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).