External balance on goods and services (current US$) (US current) in Papua New Guinea
Papua New Guinea: External balance on goods and services (current US$) (US current) was 520.16 million current US$ 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 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$, in 1982.
That places Papua New Guinea 72nd out of 193 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) (US current) 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 520.16 million current US$ is above the median for lower middle income countries, which is -1.67 billion current US$. (45 countries reporting)
- Papua New Guinea's 520.16 million current US$ is above the median for East Asia & Pacific, which is -166.62 million current US$. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) (US current) 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 | -10108.1% | -2.53 million current US$ | -258.14 million current US$ |
| 1993 | +730.5% | 94.03 million current US$ | 780.87 million current US$ |
| 1998 | +548.9% | -44.08 million current US$ | 197.89 million current US$ |
| 2003 | +522.9% | 87.36 million current US$ | 544.14 million current US$ |
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)
- 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 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 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 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.