Personal remittances, received in Papua New Guinea
Papua New Guinea: Personal remittances, received was 0.0% in 2024. ◆ Volatile
Personal remittances, received in Papua New Guinea, 1976–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Papua New Guinea recorded 0.0% for personal remittances, received in 2024.
The figure is down 71.4% on the previous year and down 72.2% over ten years.
Over the whole period, personal remittances, received in Papua New Guinea peaked at 0.9% in 1976 and was at its lowest, 0.0%, in 2020.
That places Papua New Guinea 195th out of 196 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 0.9% | — |
| 1977 | 0.5% | -42.5% |
| 1978 | 0.5% | -11.5% |
| 1979 | 0.4% | -15.3% |
| 1980 | 0.2% | -46.3% |
| 1981 | 0.2% | -11.4% |
| 1982 | 0.3% | +35.8% |
| 1983 | 0.2% | -34.6% |
| 1984 | 0.2% | +24.6% |
| 1985 | 0.2% | +10.3% |
| 1986 | 0.3% | +14.4% |
| 1987 | 0.4% | +61.5% |
| 1988 | 0.3% | -35.9% |
| 1989 | 0.2% | -25.6% |
| 1990 | 0.2% | -17.1% |
| 1991 | 0.6% | +228.6% |
| 1992 | 0.5% | -14.6% |
| 1993 | 0.4% | -13.2% |
| 1994 | 0.4% | -12.0% |
| 1995 | 0.3% | -6.6% |
| 1996 | 0.3% | -12.9% |
| 1997 | 0.3% | -4.0% |
| 1998 | 0.3% | -9.3% |
| 1999 | 0.2% | -12.0% |
| 2000 | 0.2% | -9.0% |
| 2001 | 0.2% | -6.3% |
| 2002 | 0.2% | -2.5% |
| 2003 | 0.2% | +4.6% |
| 2004 | 0.2% | +23.8% |
| 2005 | 0.1% | -42.0% |
| 2006 | 0.1% | -62.5% |
| 2007 | 0.1% | +51.2% |
| 2008 | 0.1% | -21.1% |
| 2009 | 0.0% | -35.3% |
| 2010 | 0.0% | -39.7% |
| 2011 | 0.1% | +178.3% |
| 2012 | 0.1% | -2.1% |
| 2013 | 0.1% | +0.3% |
| 2014 | 0.0% | -32.8% |
| 2015 | 0.0% | -59.8% |
| 2016 | 0.0% | -28.5% |
| 2017 | 0.0% | +44.4% |
| 2018 | 0.0% | -19.3% |
| 2019 | 0.1% | +683.9% |
| 2020 | 0.0% | -91.9% |
| 2021 | 0.0% | +23.4% |
| 2022 | 0.0% | +288.6% |
| 2023 | 0.0% | -5.1% |
| 2024 | 0.0% | -71.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.4% | 0.9% | 4 |
| 1980s | 0.2% | 0.2% | 0.4% | 10 |
| 1990s | 0.3% | 0.2% | 0.6% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.0% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 5 |
Countries ranked near Papua New Guinea
- 192 Saudi Arabia 0.0% compare
- 193 Libya 0.0% compare
- 194 Kuwait 0.0% compare
- 196 Central African Republic 0.0% 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, received in Papua New Guinea?
- Personal remittances, received in Papua New Guinea was 0.0% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Papua New Guinea?
- The highest recorded value was 0.9% in 1976.
- What is the lowest personal remittances, received recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 2020.
- How does Papua New Guinea rank for personal remittances, received?
- Papua New Guinea ranks 195th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Papua New Guinea?
- Over the last ten years it is down 72.2%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.