Primary income payments in Pacific island small states
Pacific island small states: Primary income payments was 611.37 million BoP, current US$ in 2023. ▲ Rising
Primary income payments in Pacific island small states, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Pacific island small states recorded 611.37 million BoP, current US$ for primary income payments in 2023.
Compared with earlier readings it is up 13.3% on the previous year and up 53.3% over ten years.
Over the whole period, primary income payments in Pacific island small states peaked at 736.76 million BoP, current US$ in 2019 and was at its lowest, 259.69 million BoP, current US$, in 2009.
That places Pacific island small states 45th out of 45 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Primary income payments in Pacific island small states, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 277.28 million BoP, current US$ | — |
| 2006 | 321.56 million BoP, current US$ | +16.0% |
| 2007 | 347.07 million BoP, current US$ | +7.9% |
| 2008 | 367.57 million BoP, current US$ | +5.9% |
| 2009 | 259.69 million BoP, current US$ | -29.3% |
| 2010 | 381.28 million BoP, current US$ | +46.8% |
| 2011 | 487.97 million BoP, current US$ | +28.0% |
| 2012 | 537.63 million BoP, current US$ | +10.2% |
| 2013 | 398.83 million BoP, current US$ | -25.8% |
| 2014 | 524.34 million BoP, current US$ | +31.5% |
| 2015 | 541.73 million BoP, current US$ | +3.3% |
| 2016 | 570.35 million BoP, current US$ | +5.3% |
| 2017 | 721.99 million BoP, current US$ | +26.6% |
| 2018 | 652.02 million BoP, current US$ | -9.7% |
| 2019 | 736.76 million BoP, current US$ | +13.0% |
| 2020 | 495.62 million BoP, current US$ | -32.7% |
| 2021 | 477.52 million BoP, current US$ | -3.7% |
| 2022 | 539.62 million BoP, current US$ | +13.0% |
| 2023 | 611.37 million BoP, current US$ | +13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 314.63 million BoP, current US$ | 259.69 million BoP, current US$ | 367.57 million BoP, current US$ | 5 |
| 2010s | 555.29 million BoP, current US$ | 381.28 million BoP, current US$ | 736.76 million BoP, current US$ | 10 |
| 2020s | 531.03 million BoP, current US$ | 477.52 million BoP, current US$ | 611.37 million BoP, current US$ | 4 |
Countries ranked near Pacific island small states
- 42 Portugal 25.08 billion BoP, current US$ compare
- 43 Qatar 24.28 billion BoP, current US$ compare
- 44 Colombia 22.28 billion BoP, current US$ compare
- 45 Romania 21.79 billion BoP, current US$ compare
- 46 Vietnam 21.23 billion BoP, current US$ compare
- 47 South Africa 20.32 billion BoP, current US$ compare
- 48 Argentina 20.30 billion BoP, current US$ compare
More economy & growth data for Pacific island small states
- Services, value added 3.3% (2024)
- Industry (including construction), value added 1.88 billion current US$ (2024)
- Industry (including construction), value added 1.49 billion constant 2015 US$ (2024)
- Industry (including construction), value added 7.2% (2024)
- Industry (including construction), value added 15.2% (2024)
- Services, value added 7.00 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 10.84 billion current US$ (2024)
- GDP 13.01 billion current US$ (2025)
- Gross value added at basic prices (GVA) 9.11 billion constant 2015 US$ (2024)
Frequently asked questions
- What is primary income payments in Pacific island small states?
- Primary income payments in Pacific island small states was 611.37 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Pacific island small states?
- The highest recorded value was 736.76 million BoP, current US$ in 2019.
- What is the lowest primary income payments recorded in Pacific island small states?
- The lowest recorded value was 259.69 million BoP, current US$ in 2009.
- How does Pacific island small states rank for primary income payments?
- Pacific island small states ranks 45th out of 45 groups with data for 2023.
- Is primary income payments rising or falling in Pacific island small states?
- Over the last ten years it is up 53.3%. The long-run trend across the full record is rising.
- Where does this Pacific island small states data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.