Personal remittances, paid (current US$), per unit of GDP in Papua New Guinea
Papua New Guinea: Personal remittances, paid (current US$), per unit of GDP was 0.0027 current US$ per US$ of GDP in 2024. ◆ Volatile
Personal remittances, paid (current US$), per unit of GDP in Papua New Guinea, 1976–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Papua New Guinea recorded 0.0027 current US$ per US$ of GDP for personal remittances, paid (current us$), per unit of gdp in 2024.
The figure is down 63.7% on the previous year and down 84.5% over ten years.
Over the whole period, personal remittances, paid (current us$), per unit of gdp in Papua New Guinea peaked at 0.0306 current US$ per US$ of GDP in 2011 and was at its lowest, 0.0006 current US$ per US$ of GDP, in 1996.
Papua New Guinea ranks 153rd of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid (current US$), per unit of GDP in Papua New Guinea, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1976 | 0.0162 current US$ per US$ of GDP | — |
| 1977 | 0.0149 current US$ per US$ of GDP | -8.2% |
| 1978 | 0.0166 current US$ per US$ of GDP | +11.8% |
| 1979 | 0.0163 current US$ per US$ of GDP | -1.7% |
| 1980 | 0.0111 current US$ per US$ of GDP | -32.1% |
| 1981 | 0.0166 current US$ per US$ of GDP | +49.4% |
| 1982 | 0.0193 current US$ per US$ of GDP | +16.4% |
| 1983 | 0.0163 current US$ per US$ of GDP | -15.6% |
| 1984 | 0.0144 current US$ per US$ of GDP | -11.8% |
| 1985 | 0.0138 current US$ per US$ of GDP | -3.8% |
| 1986 | 0.0147 current US$ per US$ of GDP | +6.2% |
| 1987 | 0.0138 current US$ per US$ of GDP | -6.3% |
| 1988 | 0.0137 current US$ per US$ of GDP | -0.4% |
| 1989 | 0.014 current US$ per US$ of GDP | +2.5% |
| 1990 | 0.0133 current US$ per US$ of GDP | -5.5% |
| 1991 | 0.0055 current US$ per US$ of GDP | -58.2% |
| 1992 | 0.0047 current US$ per US$ of GDP | -14.6% |
| 1993 | 0.0041 current US$ per US$ of GDP | -13.2% |
| 1994 | 0.0036 current US$ per US$ of GDP | -12.0% |
| 1995 | 0.0034 current US$ per US$ of GDP | -6.6% |
| 1996 | 0.0006 current US$ per US$ of GDP | -81.3% |
| 1997 | 0.0025 current US$ per US$ of GDP | +293.6% |
| 1998 | 0.0016 current US$ per US$ of GDP | -37.3% |
| 1999 | 0.0024 current US$ per US$ of GDP | +53.2% |
| 2000 | 0.0032 current US$ per US$ of GDP | +33.1% |
| 2001 | 0.0035 current US$ per US$ of GDP | +9.4% |
| 2002 | 0.0191 current US$ per US$ of GDP | +448.8% |
| 2003 | 0.0258 current US$ per US$ of GDP | +34.7% |
| 2004 | 0.0297 current US$ per US$ of GDP | +15.3% |
| 2005 | 0.0264 current US$ per US$ of GDP | -11.3% |
| 2006 | 0.019 current US$ per US$ of GDP | -28.0% |
| 2007 | 0.0298 current US$ per US$ of GDP | +56.8% |
| 2008 | 0.0275 current US$ per US$ of GDP | -7.5% |
| 2009 | 0.0272 current US$ per US$ of GDP | -1.3% |
| 2010 | 0.0277 current US$ per US$ of GDP | +1.9% |
| 2011 | 0.0306 current US$ per US$ of GDP | +10.7% |
| 2012 | 0.024 current US$ per US$ of GDP | -21.6% |
| 2013 | 0.0242 current US$ per US$ of GDP | +0.8% |
| 2014 | 0.0175 current US$ per US$ of GDP | -27.7% |
| 2015 | 0.0129 current US$ per US$ of GDP | -26.2% |
| 2016 | 0.0095 current US$ per US$ of GDP | -26.1% |
| 2017 | 0.0118 current US$ per US$ of GDP | +23.5% |
| 2018 | 0.0038 current US$ per US$ of GDP | -67.8% |
| 2019 | 0.0057 current US$ per US$ of GDP | +50.1% |
| 2020 | 0.0014 current US$ per US$ of GDP | -75.4% |
| 2021 | 0.0069 current US$ per US$ of GDP | +392.0% |
| 2022 | 0.0091 current US$ per US$ of GDP | +32.7% |
| 2023 | 0.0075 current US$ per US$ of GDP | -17.9% |
| 2024 | 0.0027 current US$ per US$ of GDP | -63.7% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.0027 current US$ per US$ of GDP is below the median for lower middle income countries, which is 0.0053 current US$ per US$ of GDP, 51% of the median. (47 countries reporting)
- Papua New Guinea's 0.0027 current US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.0086 current US$ per US$ of GDP, 32% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid (current US$), per unit of GDP in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +448.8% | 0.0035 current US$ per US$ of GDP | 0.0191 current US$ per US$ of GDP |
| 2021 | +392.0% | 0.0014 current US$ per US$ of GDP | 0.0069 current US$ per US$ of GDP |
| 1997 | +293.6% | 0.0006 current US$ per US$ of GDP | 0.0025 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.016 current US$ per US$ of GDP | 0.0149 current US$ per US$ of GDP | 0.0166 current US$ per US$ of GDP | 4 |
| 1980s | 0.0148 current US$ per US$ of GDP | 0.0111 current US$ per US$ of GDP | 0.0193 current US$ per US$ of GDP | 10 |
| 1990s | 0.0042 current US$ per US$ of GDP | 0.0006 current US$ per US$ of GDP | 0.0133 current US$ per US$ of GDP | 10 |
| 2000s | 0.0211 current US$ per US$ of GDP | 0.0032 current US$ per US$ of GDP | 0.0298 current US$ per US$ of GDP | 10 |
| 2010s | 0.0168 current US$ per US$ of GDP | 0.0038 current US$ per US$ of GDP | 0.0306 current US$ per US$ of GDP | 10 |
| 2020s | 0.0055 current US$ per US$ of GDP | 0.0014 current US$ per US$ of GDP | 0.0091 current US$ per US$ of GDP | 5 |
Countries ranked near Papua New Guinea
- 150 Sao Tome and Principe 0.0032 current US$ per US$ of GDP compare
- 151 Kiribati 0.0031 current US$ per US$ of GDP compare
- 152 India 0.0031 current US$ per US$ of GDP compare
- 154 Hong Kong, China 0.0027 current US$ per US$ of GDP compare
- 155 Israel 0.0027 current US$ per US$ of GDP compare
- 156 South Africa 0.0026 current US$ per US$ of GDP 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, paid (current us$), per unit of gdp in Papua New Guinea?
- Personal remittances, paid (current us$), per unit of gdp in Papua New Guinea was 0.0027 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per unit of gdp recorded in Papua New Guinea?
- The highest recorded value was 0.0306 current US$ per US$ of GDP in 2011.
- What is the lowest personal remittances, paid (current us$), per unit of gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.0006 current US$ per US$ of GDP in 1996.
- How does Papua New Guinea rank for personal remittances, paid (current us$), per unit of gdp?
- Papua New Guinea ranks 153rd out of 195 countries with data for 2024.
- Is personal remittances, paid (current us$), per unit of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 84.5%. 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 Personal remittances, paid (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.