Net trade in goods and services (BoP, current US$), annual growth rate in Papua New Guinea
Papua New Guinea: Net trade in goods and services (BoP, current US$), annual growth rate was 28 % change on previous year in 2024. ◆ Volatile
Net trade in goods and services (BoP, current US$), annual growth rate in Papua New Guinea, 1977–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded 28 % change on previous year for net trade in goods and services (bop, current us$), annual growth rate in 2024.
That represents a change of up 235.4% on the previous year and down 86.3% over ten years.
Over the whole period, net trade in goods and services (bop, current us$), annual growth rate in Papua New Guinea peaked at 262.34 % change on previous year in 1993 and was at its lowest, -597.67 % change on previous year, in 1978.
Papua New Guinea ranks 42nd of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services (BoP, current US$), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | -336.82 % change on previous year | — |
| 1978 | -597.67 % change on previous year | +77.4% |
| 1979 | 119.8 % change on previous year | -120.0% |
| 1981 | -75.13 % change on previous year | -162.7% |
| 1982 | 2.43 % change on previous year | -103.2% |
| 1983 | 17.76 % change on previous year | +631.3% |
| 1984 | 17.7 % change on previous year | -0.3% |
| 1985 | 49 % change on previous year | +176.8% |
| 1986 | 25.81 % change on previous year | -47.3% |
| 1987 | -29.34 % change on previous year | -213.7% |
| 1988 | -33.71 % change on previous year | +14.9% |
| 1989 | -18.8 % change on previous year | -44.2% |
| 1990 | 51.46 % change on previous year | -373.7% |
| 1991 | -54.95 % change on previous year | -206.8% |
| 1992 | 235.24 % change on previous year | -528.1% |
| 1993 | 262.34 % change on previous year | +11.5% |
| 1994 | -1.88 % change on previous year | -100.7% |
| 1995 | 14.02 % change on previous year | -844.4% |
| 1996 | -38.36 % change on previous year | -373.6% |
| 1997 | -77.6 % change on previous year | +102.3% |
| 1998 | 46.01 % change on previous year | -159.3% |
| 1999 | 71.36 % change on previous year | +55.1% |
| 2000 | 50.6 % change on previous year | -29.1% |
| 2001 | -10.97 % change on previous year | -121.7% |
| 2002 | -102.19 % change on previous year | +831.6% |
| 2004 | -4.09 % change on previous year | -96.0% |
| 2005 | 153.8 % change on previous year | -3861.9% |
| 2006 | 12.83 % change on previous year | -91.7% |
| 2007 | -37.58 % change on previous year | -392.8% |
| 2008 | 95.15 % change on previous year | -353.2% |
| 2009 | -110.49 % change on previous year | -216.1% |
| 2010 | -73.03 % change on previous year | -33.9% |
| 2011 | 146.95 % change on previous year | -301.2% |
| 2013 | -75.16 % change on previous year | -151.1% |
| 2014 | 205.03 % change on previous year | -372.8% |
| 2015 | 21.7 % change on previous year | -89.4% |
| 2016 | -5.98 % change on previous year | -127.5% |
| 2017 | 26.92 % change on previous year | -550.5% |
| 2018 | -8.68 % change on previous year | -132.2% |
| 2019 | 19.18 % change on previous year | -321.0% |
| 2020 | -20.67 % change on previous year | -207.8% |
| 2021 | 18.22 % change on previous year | -188.1% |
| 2022 | 36.76 % change on previous year | +101.7% |
| 2023 | -20.69 % change on previous year | -156.3% |
| 2024 | 28 % change on previous year | -235.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 28 % change on previous year is above the median for lower middle income countries, which is 1.07 % change on previous year, 26.1× the median. (47 countries reporting)
- Papua New Guinea's 28 % change on previous year is above the median for East Asia & Pacific, which is 11.08 % change on previous year, 2.5× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services (BoP, current US$), annual growth rate in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +3861.9% | -4.09 % change on previous year | 153.8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -271.57 % change on previous year | -597.67 % change on previous year | 119.8 % change on previous year | 3 |
| 1980s | -4.92 % change on previous year | -75.13 % change on previous year | 49 % change on previous year | 9 |
| 1990s | 50.76 % change on previous year | -77.6 % change on previous year | 262.34 % change on previous year | 10 |
| 2000s | 5.23 % change on previous year | -110.49 % change on previous year | 153.8 % change on previous year | 9 |
| 2010s | 28.55 % change on previous year | -75.16 % change on previous year | 205.03 % change on previous year | 9 |
| 2020s | 8.32 % change on previous year | -20.69 % change on previous year | 36.76 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 39 Dominican Republic 32.87 % change on previous year compare
- 40 Japan 31.36 % change on previous year compare
- 41 Chile 28.95 % change on previous year compare
- 43 South Korea 27.09 % change on previous year compare
- 44 Eritrea 26.44 % change on previous year compare
- 45 Kyrgyzstan 25.65 % change on previous year compare
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services (bop, current us$), annual growth rate in Papua New Guinea?
- Net trade in goods and services (bop, current us$), annual growth rate in Papua New Guinea was 28 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net trade in goods and services (bop, current us$), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 262.34 % change on previous year in 1993.
- What is the lowest net trade in goods and services (bop, current us$), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -597.67 % change on previous year in 1978.
- How does Papua New Guinea rank for net trade in goods and services (bop, current us$), annual growth rate?
- Papua New Guinea ranks 42nd out of 199 countries with data for 2024.
- Is net trade in goods and services (bop, current us$), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 86.3%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.