External balance on goods and services in Papua New Guinea
Papua New Guinea: External balance on goods and services was 1.68 billion current LCU in 2004. ◆ Volatile
Latest (2004)
1.68 billion current LCU
Change on year
down 13.3%
World rank
71st
of 192 countries
All-time high
1.93 billion current LCU
in 2003
All-time low
-413.90 million current LCU
in 1982
Years of data
44
1961–2004
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 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 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% |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 0.2146 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,782 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.68 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,718 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8374 constant 2015 US$ per US$ of GDP (2024)
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 192 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.