External balance on goods and services (current LCU) in Papua New Guinea
Papua New Guinea: External balance on goods and services (current LCU) was 1.68 billion current LCU in 2004. ◆ Volatile
External balance on goods and services in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Papua New Guinea recorded 1.68 billion current LCU for external balance on goods and services in 2004.
The figure is down 13.3% on the previous year and up 120.1% over ten years.
Over the whole period, external balance on goods and services in Papua New Guinea peaked at 1.93 billion current LCU in 2003 and was at its lowest, -413.90 million current LCU, in 1982.
That places Papua New Guinea 71st out of 193 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) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | -26.30 million current LCU | — |
| 1962 | -27.30 million current LCU | +3.8% |
| 1963 | -33.40 million current LCU | +22.3% |
| 1964 | -43.60 million current LCU | +30.5% |
| 1965 | -61.30 million current LCU | +40.6% |
| 1966 | -81.50 million current LCU | +33.0% |
| 1967 | -87.80 million current LCU | +7.7% |
| 1968 | -91.90 million current LCU | +4.7% |
| 1969 | -132.80 million current LCU | +44.5% |
| 1970 | -204.40 million current LCU | +53.9% |
| 1971 | -233.60 million current LCU | +14.3% |
| 1972 | -122.20 million current LCU | -47.7% |
| 1973 | 92.00 million current LCU | -175.3% |
| 1974 | 72.00 million current LCU | -21.7% |
| 1975 | -64.10 million current LCU | -189.0% |
| 1976 | 11.90 million current LCU | -118.6% |
| 1977 | -16.80 million current LCU | -241.2% |
| 1978 | -48.10 million current LCU | +186.3% |
| 1979 | -1.80 million current LCU | -96.3% |
| 1980 | -173.20 million current LCU | +9522.8% |
| 1981 | -344.70 million current LCU | +99.0% |
| 1982 | -413.90 million current LCU | +20.1% |
| 1983 | -369.70 million current LCU | -10.7% |
| 1984 | -314.30 million current LCU | -15.0% |
| 1985 | -250.30 million current LCU | -20.4% |
| 1986 | -200.00 million current LCU | -20.1% |
| 1987 | -185.70 million current LCU | -7.1% |
| 1988 | -274.90 million current LCU | +48.0% |
| 1989 | -368.50 million current LCU | +34.0% |
| 1990 | -256.00 million current LCU | -30.5% |
| 1991 | -356.60 million current LCU | +39.3% |
| 1992 | 90.70 million current LCU | -125.4% |
| 1993 | 764.00 million current LCU | +742.3% |
| 1994 | 761.33 million current LCU | -0.3% |
| 1995 | 1.07 billion current LCU | +41.1% |
| 1996 | 747.80 million current LCU | -30.4% |
| 1997 | -63.22 million current LCU | -108.5% |
| 1998 | 407.51 million current LCU | -744.6% |
| 1999 | 903.12 million current LCU | +121.6% |
| 2000 | 1.65 billion current LCU | +82.6% |
| 2001 | 1.36 billion current LCU | -17.5% |
| 2002 | 339.47 million current LCU | -75.0% |
| 2003 | 1.93 billion current LCU | +469.6% |
| 2004 | 1.68 billion current LCU | -13.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.68 billion current LCU is above the median for lower middle income countries, which is -57.12 billion current LCU. (45 countries reporting)
- Papua New Guinea's 1.68 billion current LCU is above the median for East Asia & Pacific, which is -190.00 million current LCU. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU) 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 |
|---|---|---|---|
| 1980 | -9522.8% | -1.80 million current LCU | -173.20 million current LCU |
| 1998 | +744.6% | -63.22 million current LCU | 407.51 million current LCU |
| 1993 | +742.3% | 90.70 million current LCU | 764.00 million current LCU |
| 2003 | +469.6% | 339.47 million current LCU | 1.93 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -65.10 million current LCU | -132.80 million current LCU | -26.30 million current LCU | 9 |
| 1970s | -51.51 million current LCU | -233.60 million current LCU | 92.00 million current LCU | 10 |
| 1980s | -289.52 million current LCU | -413.90 million current LCU | -173.20 million current LCU | 10 |
| 1990s | 407.27 million current LCU | -356.60 million current LCU | 1.07 billion current LCU | 10 |
| 2000s | 1.39 billion current LCU | 339.47 million current LCU | 1.93 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 68 Turkmenistan 2.10 billion current LCU compare
- 69 Cyprus 2.06 billion current LCU compare
- 70 Suriname 1.70 billion current LCU
- 72 Faroe Islands 938.80 million current LCU compare
- 73 Aruba 581.80 million current LCU compare
- 74 San Marino 581.25 million current LCU
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 in Papua New Guinea?
- External balance on goods and services in Papua New Guinea was 1.68 billion current LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Papua New Guinea?
- The highest recorded value was 1.93 billion current LCU in 2003.
- What is the lowest external balance on goods and services recorded in Papua New Guinea?
- The lowest recorded value was -413.90 million current LCU in 1982.
- How does Papua New Guinea rank for external balance on goods and services?
- Papua New Guinea ranks 71st out of 193 countries with data for 2004.
- Is external balance on goods and services rising or falling in Papua New Guinea?
- Over the last ten years it is up 120.1%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.