Current account balance (BoP, current US$), annual growth rate in Papua New Guinea
Papua New Guinea: Current account balance (BoP, current US$), annual growth rate was 70.62 % change on previous year in 2024. ◆ Volatile
Current account balance (BoP, current US$), annual growth rate in Papua New Guinea, 1977–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, current account balance (bop, current us$), annual growth rate in Papua New Guinea stood at 70.62 % change on previous year.
Compared with earlier readings it is up 281.9% on the previous year and down 61.1% over ten years.
Over the whole period, current account balance (bop, current us$), annual growth rate in Papua New Guinea peaked at 665.58 % change on previous year in 2003 and was at its lowest, -369.9 % change on previous year, in 1980.
That places Papua New Guinea 25th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 125.06 % change on previous year | — |
| 1978 | -128.15 % change on previous year | -202.5% |
| 1979 | 432.44 % change on previous year | -437.4% |
| 1980 | -369.9 % change on previous year | -185.5% |
| 1981 | -67.75 % change on previous year | -81.7% |
| 1982 | 8.17 % change on previous year | -112.1% |
| 1983 | 24.15 % change on previous year | +195.6% |
| 1984 | 14.18 % change on previous year | -41.3% |
| 1985 | 57.95 % change on previous year | +308.8% |
| 1986 | 19.43 % change on previous year | -66.5% |
| 1987 | -101.72 % change on previous year | -623.6% |
| 1988 | -49.77 % change on previous year | -51.1% |
| 1989 | -5.51 % change on previous year | -88.9% |
| 1990 | 75.8 % change on previous year | -1475.7% |
| 1991 | -99.65 % change on previous year | -231.5% |
| 1992 | 162.91 % change on previous year | -263.5% |
| 1993 | 579.51 % change on previous year | +255.7% |
| 1994 | -11.91 % change on previous year | -102.1% |
| 1995 | 18.44 % change on previous year | -254.7% |
| 1996 | -53.5 % change on previous year | -390.2% |
| 1997 | -131.61 % change on previous year | +146.0% |
| 1998 | 147.74 % change on previous year | -212.3% |
| 1999 | 153.82 % change on previous year | +4.1% |
| 2000 | 192.28 % change on previous year | +25.0% |
| 2001 | -18.41 % change on previous year | -109.6% |
| 2002 | -108.78 % change on previous year | +491.0% |
| 2003 | 665.58 % change on previous year | -711.9% |
| 2004 | 32.4 % change on previous year | -95.1% |
| 2005 | 245.28 % change on previous year | +656.9% |
| 2006 | -32.15 % change on previous year | -113.1% |
| 2007 | -58.98 % change on previous year | +83.5% |
| 2008 | 339.72 % change on previous year | -676.0% |
| 2009 | -174.41 % change on previous year | -151.3% |
| 2010 | -8.6 % change on previous year | -95.1% |
| 2011 | 69.2 % change on previous year | -904.8% |
| 2013 | -50.16 % change on previous year | -172.5% |
| 2014 | 181.68 % change on previous year | -462.2% |
| 2015 | -13.6 % change on previous year | -107.5% |
| 2016 | 16.22 % change on previous year | -219.2% |
| 2017 | 27.83 % change on previous year | +71.6% |
| 2018 | -9.14 % change on previous year | -132.8% |
| 2019 | 8.3 % change on previous year | -190.9% |
| 2020 | -3.93 % change on previous year | -147.3% |
| 2021 | -3.96 % change on previous year | +0.7% |
| 2022 | 39.09 % change on previous year | -1087.3% |
| 2023 | -38.82 % change on previous year | -199.3% |
| 2024 | 70.62 % change on previous year | -281.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 70.62 % change on previous year is above the median for lower middle income countries, which is 19.11 % change on previous year, 3.7× the median. (47 countries reporting)
- Papua New Guinea's 70.62 % change on previous year is above the median for East Asia & Pacific, which is 22.26 % change on previous year, 3.2× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 143.12 % change on previous year | -128.15 % change on previous year | 432.44 % change on previous year | 3 |
| 1980s | -47.08 % change on previous year | -369.9 % change on previous year | 57.95 % change on previous year | 10 |
| 1990s | 84.15 % change on previous year | -131.61 % change on previous year | 579.51 % change on previous year | 10 |
| 2000s | 108.25 % change on previous year | -174.41 % change on previous year | 665.58 % change on previous year | 10 |
| 2010s | 24.64 % change on previous year | -50.16 % change on previous year | 181.68 % change on previous year | 9 |
| 2020s | 12.6 % change on previous year | -38.82 % change on previous year | 70.62 % change on previous year | 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is current account balance (bop, current us$), annual growth rate in Papua New Guinea?
- Current account balance (bop, current us$), annual growth rate in Papua New Guinea was 70.62 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest current account balance (bop, current us$), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 665.58 % change on previous year in 2003.
- What is the lowest current account balance (bop, current us$), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -369.9 % change on previous year in 1980.
- How does Papua New Guinea rank for current account balance (bop, current us$), annual growth rate?
- Papua New Guinea ranks 25th out of 198 countries with data for 2024.
- Is current account balance (bop, current us$), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Current account balance (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Current account balance Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.