External balance on goods and services (current LCU), annual growth in Papua New Guinea
Papua New Guinea: External balance on goods and services (current LCU), annual growth was -13.34 % change on previous year in 2004. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Papua New Guinea, 1962–2004
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded -13.34 % change on previous year for external balance on goods and services (current lcu), annual growth in 2004.
Compared with earlier readings it is down 102.8% on the previous year and down 3,719.4% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Papua New Guinea peaked at 744.63 % change on previous year in 1998 and was at its lowest, -241.18 % change on previous year, in 1977.
That places Papua New Guinea 119th out of 192 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1962 | -3.8 % change on previous year | — |
| 1963 | -22.34 % change on previous year | +487.7% |
| 1964 | -30.54 % change on previous year | +36.7% |
| 1965 | -40.6 % change on previous year | +32.9% |
| 1966 | -32.95 % change on previous year | -18.8% |
| 1967 | -7.73 % change on previous year | -76.5% |
| 1968 | -4.67 % change on previous year | -39.6% |
| 1969 | -44.5 % change on previous year | +853.1% |
| 1970 | -53.92 % change on previous year | +21.1% |
| 1971 | -14.29 % change on previous year | -73.5% |
| 1972 | 47.69 % change on previous year | -433.8% |
| 1973 | 175.29 % change on previous year | +267.6% |
| 1974 | -21.74 % change on previous year | -112.4% |
| 1975 | -189.03 % change on previous year | +769.5% |
| 1976 | 118.56 % change on previous year | -162.7% |
| 1977 | -241.18 % change on previous year | -303.4% |
| 1978 | -186.31 % change on previous year | -22.8% |
| 1979 | 96.26 % change on previous year | -151.7% |
| 1981 | -99.02 % change on previous year | -202.9% |
| 1982 | -20.08 % change on previous year | -79.7% |
| 1983 | 10.68 % change on previous year | -153.2% |
| 1984 | 14.99 % change on previous year | +40.3% |
| 1985 | 20.36 % change on previous year | +35.9% |
| 1986 | 20.1 % change on previous year | -1.3% |
| 1987 | 7.15 % change on previous year | -64.4% |
| 1988 | -48.03 % change on previous year | -771.8% |
| 1989 | -34.05 % change on previous year | -29.1% |
| 1990 | 30.53 % change on previous year | -189.7% |
| 1991 | -39.3 % change on previous year | -228.7% |
| 1992 | 125.44 % change on previous year | -419.2% |
| 1993 | 742.34 % change on previous year | +491.8% |
| 1994 | -0.3492 % change on previous year | -100.0% |
| 1995 | 41.07 % change on previous year | -11861.8% |
| 1996 | -30.37 % change on previous year | -174.0% |
| 1997 | -108.45 % change on previous year | +257.1% |
| 1998 | 744.63 % change on previous year | -786.6% |
| 1999 | 121.62 % change on previous year | -83.7% |
| 2000 | 82.56 % change on previous year | -32.1% |
| 2001 | -17.53 % change on previous year | -121.2% |
| 2002 | -75.04 % change on previous year | +328.1% |
| 2003 | 469.63 % change on previous year | -725.9% |
| 2004 | -13.34 % change on previous year | -102.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's -13.34 % change on previous year is below the median for lower middle income countries, which is -7.66 % change on previous year, 1.7× the median. (45 countries reporting)
- Papua New Guinea's -13.34 % change on previous year is below the median for East Asia & Pacific, which is 7.71 % change on previous year. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU), annual growth in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +11861.8% | -0.3492 % change on previous year | 41.07 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -23.39 % change on previous year | -44.5 % change on previous year | -3.8 % change on previous year | 8 |
| 1970s | -26.87 % change on previous year | -241.18 % change on previous year | 175.29 % change on previous year | 10 |
| 1980s | -14.21 % change on previous year | -99.02 % change on previous year | 20.36 % change on previous year | 9 |
| 1990s | 162.72 % change on previous year | -108.45 % change on previous year | 744.63 % change on previous year | 10 |
| 2000s | 89.26 % change on previous year | -75.04 % change on previous year | 469.63 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 116 Palestine -12.12 % change on previous year compare
- 117 Kuwait -12.18 % change on previous year compare
- 118 Belarus -13.28 % change on previous year compare
- 120 United States -14.24 % change on previous year compare
- 121 North Macedonia -14.77 % change on previous year compare
- 122 Pakistan -14.97 % change on previous year compare
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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Papua New Guinea?
- External balance on goods and services (current lcu), annual growth in Papua New Guinea was -13.34 % change on previous year in 2004, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Papua New Guinea?
- The highest recorded value was 744.63 % change on previous year in 1998.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Papua New Guinea?
- The lowest recorded value was -241.18 % change on previous year in 1977.
- How does Papua New Guinea rank for external balance on goods and services (current lcu), annual growth?
- Papua New Guinea ranks 119th out of 192 countries with data for 2004.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 3,719.4%. 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 External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
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 External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.