External balance on goods and services in Papua New Guinea
Papua New Guinea: External balance on goods and services was 520.16 million current US$ in 2004. ◆ Volatile
Latest (2004)
520.16 million current US$
Change on year
down 4.4%
World rank
72nd
of 192 countries
All-time high
803.80 million current US$
in 1995
All-time low
-560.49 million current US$
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 US$.
Analysis
The most recent figure for external balance on goods and services in Papua New Guinea is 520.16 million current US$, measured in 2004.
That represents a change of down 4.4% on the previous year and down 31.3% over ten years.
Over the whole period, external balance on goods and services in Papua New Guinea peaked at 803.80 million current US$ in 1995 and was at its lowest, -560.49 million current US$, in 1982.
That places Papua New Guinea 72nd out of 192 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1961 | -29.46 million current US$ | — |
| 1962 | -30.58 million current US$ | +3.8% |
| 1963 | -37.41 million current US$ | +22.3% |
| 1964 | -48.83 million current US$ | +30.5% |
| 1965 | -68.66 million current US$ | +40.6% |
| 1966 | -91.28 million current US$ | +33.0% |
| 1967 | -98.34 million current US$ | +7.7% |
| 1968 | -102.93 million current US$ | +4.7% |
| 1969 | -148.74 million current US$ | +44.5% |
| 1970 | -228.93 million current US$ | +53.9% |
| 1971 | -264.62 million current US$ | +15.6% |
| 1972 | -146.34 million current US$ | -44.7% |
| 1973 | 130.66 million current US$ | -189.3% |
| 1974 | 103.35 million current US$ | -20.9% |
| 1975 | -83.91 million current US$ | -181.2% |
| 1976 | 15.01 million current US$ | -117.9% |
| 1977 | -21.23 million current US$ | -241.4% |
| 1978 | -67.85 million current US$ | +219.6% |
| 1979 | -2.53 million current US$ | -96.3% |
| 1980 | -258.14 million current US$ | +10108.1% |
| 1981 | -512.21 million current US$ | +98.4% |
| 1982 | -560.49 million current US$ | +9.4% |
| 1983 | -442.15 million current US$ | -21.1% |
| 1984 | -349.79 million current US$ | -20.9% |
| 1985 | -250.22 million current US$ | -28.5% |
| 1986 | -205.88 million current US$ | -17.7% |
| 1987 | -204.54 million current US$ | -0.7% |
| 1988 | -317.05 million current US$ | +55.0% |
| 1989 | -429.09 million current US$ | +35.3% |
| 1990 | -267.94 million current US$ | -37.6% |
| 1991 | -374.58 million current US$ | +39.8% |
| 1992 | 94.03 million current US$ | -125.1% |
| 1993 | 780.87 million current US$ | +730.5% |
| 1994 | 757.54 million current US$ | -3.0% |
| 1995 | 803.80 million current US$ | +6.1% |
| 1996 | 567.38 million current US$ | -29.4% |
| 1997 | -44.08 million current US$ | -107.8% |
| 1998 | 197.89 million current US$ | -548.9% |
| 1999 | 355.70 million current US$ | +79.7% |
| 2000 | 596.34 million current US$ | +67.7% |
| 2001 | 402.99 million current US$ | -32.4% |
| 2002 | 87.36 million current US$ | -78.3% |
| 2003 | 544.14 million current US$ | +522.9% |
| 2004 | 520.16 million current US$ | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -72.91 million current US$ | -148.74 million current US$ | -29.46 million current US$ | 9 |
| 1970s | -56.64 million current US$ | -264.62 million current US$ | 130.66 million current US$ | 10 |
| 1980s | -352.96 million current US$ | -560.49 million current US$ | -204.54 million current US$ | 10 |
| 1990s | 287.06 million current US$ | -374.58 million current US$ | 803.80 million current US$ | 10 |
| 2000s | 430.20 million current US$ | 87.36 million current US$ | 596.34 million current US$ | 5 |
Countries ranked near Papua New Guinea
- 69 San Marino 628.49 million current US$
- 70 Suriname 617.39 million current US$
- 71 Cambodia 616.89 million current US$ compare
- 73 Estonia 453.75 million current US$ compare
- 74 Turkmenistan 386.28 million current US$ compare
- 75 Aruba 325.03 million current US$ 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)
- Gross domestic savings (current US$), annual growth rate 4.56 % change on previous year (2004)
- Gross domestic savings (current US$), per unit of GDP 0.3325 current US$ per US$ of GDP (2004)
- Gross domestic savings (current US$), per capita 206.33 current US$ per person (2004)
- Gross domestic savings (current LCU), annual growth rate -5.2 % change on previous year (2004)
- Gross domestic savings (current LCU), per unit of GDP 1.07 current LCU per US$ of GDP (2004)
- Gross domestic savings (current LCU), per capita 664.72 current LCU per person (2004)
- GNI, Atlas method (current US$), annual growth rate 2.88 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9586 current US$ 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 520.16 million current US$ 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 803.80 million current US$ in 1995.
- What is the lowest external balance on goods and services recorded in Papua New Guinea?
- The lowest recorded value was -560.49 million current US$ in 1982.
- How does Papua New Guinea rank for external balance on goods and services?
- Papua New Guinea ranks 72nd 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 down 31.3%. 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 US$). 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 indicator is expressed in United States dollars.