Net secondary income (Net current transfers from abroad) in Papua New Guinea
Papua New Guinea: Net secondary income (Net current transfers from abroad) was 477.08 million constant LCU in 1998. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Papua New Guinea, 1970–1998
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 1998, net secondary income (net current transfers from abroad) in Papua New Guinea stood at 477.08 million constant LCU.
That represents a change of down 75.9% on the previous year and down 93.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Papua New Guinea peaked at 8.27 billion constant LCU in 1994 and was at its lowest, -40.06 billion constant LCU, in 1971.
That places Papua New Guinea 84th out of 125 countries with data for 1998, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Papua New Guinea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | -38.52 billion constant LCU | — |
| 1971 | -40.06 billion constant LCU | +4.0% |
| 1972 | -33.26 billion constant LCU | -17.0% |
| 1973 | -28.10 billion constant LCU | -15.5% |
| 1974 | -28.91 billion constant LCU | +2.9% |
| 1975 | -14.49 billion constant LCU | -49.9% |
| 1976 | -10.71 billion constant LCU | -26.1% |
| 1977 | -20.07 billion constant LCU | +87.4% |
| 1978 | -16.84 billion constant LCU | -16.1% |
| 1979 | -14.62 billion constant LCU | -13.2% |
| 1980 | -12.59 billion constant LCU | -13.9% |
| 1981 | -11.05 billion constant LCU | -12.2% |
| 1982 | -10.18 billion constant LCU | -7.9% |
| 1983 | -11.66 billion constant LCU | +14.5% |
| 1984 | -12.34 billion constant LCU | +5.9% |
| 1985 | -10.25 billion constant LCU | -16.9% |
| 1986 | -9.87 billion constant LCU | -3.8% |
| 1987 | 6.86 billion constant LCU | -169.5% |
| 1988 | 7.41 billion constant LCU | +8.1% |
| 1989 | 7.50 billion constant LCU | +1.1% |
| 1990 | 6.27 billion constant LCU | -16.4% |
| 1991 | 3.51 billion constant LCU | -44.1% |
| 1992 | 3.33 billion constant LCU | -5.0% |
| 1993 | 7.12 billion constant LCU | +113.7% |
| 1994 | 8.27 billion constant LCU | +16.1% |
| 1995 | 6.95 billion constant LCU | -16.0% |
| 1996 | 3.15 billion constant LCU | -54.7% |
| 1997 | 1.98 billion constant LCU | -37.2% |
| 1998 | 477.08 million constant LCU | -75.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -24.56 billion constant LCU | -40.06 billion constant LCU | -10.71 billion constant LCU | 10 |
| 1980s | -5.62 billion constant LCU | -12.59 billion constant LCU | 7.50 billion constant LCU | 10 |
| 1990s | 4.56 billion constant LCU | 477.08 million constant LCU | 8.27 billion constant LCU | 9 |
Countries ranked near Papua New Guinea
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)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.68 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.6558 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,910 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.09 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1513 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 440.79 constant 2015 US$ per person (2024)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Papua New Guinea?
- Net secondary income (net current transfers from abroad) in Papua New Guinea was 477.08 million constant LCU in 1998, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Papua New Guinea?
- The highest recorded value was 8.27 billion constant LCU in 1994.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Papua New Guinea?
- The lowest recorded value was -40.06 billion constant LCU in 1971.
- How does Papua New Guinea rank for net secondary income (net current transfers from abroad)?
- Papua New Guinea ranks 84th out of 125 countries with data for 1998.
- Is net secondary income (net current transfers from abroad) rising or falling in Papua New Guinea?
- Over the last ten years it is down 93.6%. 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 Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.