Total reserves in months of imports in Papua New Guinea
Papua New Guinea: Total reserves in months of imports was 4.39 ratio in 2023. ▲ Rising
Total reserves in months of imports in Papua New Guinea, 2000–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
Papua New Guinea recorded 4.39 ratio for total reserves in months of imports in 2023.
That represents a change of down 3.5% on the previous year and up 28.4% over ten years.
Over the whole period, total reserves in months of imports in Papua New Guinea peaked at 6.68 ratio in 2011 and was at its lowest, 1.81 ratio, in 2000.
That places Papua New Guinea 84th out of 172 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total reserves in months of imports in Papua New Guinea, year by year
| Year | ratio | Change |
|---|---|---|
| 2000 | 1.81 ratio | — |
| 2001 | 2.86 ratio | +58.0% |
| 2002 | 1.99 ratio | -30.4% |
| 2003 | 2.45 ratio | +23.1% |
| 2004 | 2.72 ratio | +11.0% |
| 2005 | 2.77 ratio | +1.8% |
| 2006 | 3.98 ratio | +43.7% |
| 2007 | 4.78 ratio | +20.1% |
| 2008 | 4.29 ratio | -10.3% |
| 2009 | 5.85 ratio | +36.4% |
| 2010 | 5.4 ratio | -7.7% |
| 2011 | 6.68 ratio | +23.7% |
| 2012 | 5.22 ratio | -21.9% |
| 2013 | 3.42 ratio | -34.5% |
| 2014 | 4.37 ratio | +27.8% |
| 2015 | 3.35 ratio | -23.3% |
| 2016 | 4.15 ratio | +23.9% |
| 2017 | 3.25 ratio | -21.7% |
| 2018 | 3.6 ratio | +10.8% |
| 2019 | 3.38 ratio | -6.1% |
| 2020 | 5.27 ratio | +55.9% |
| 2021 | 4.8 ratio | -8.9% |
| 2022 | 4.55 ratio | -5.2% |
| 2023 | 4.39 ratio | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.35 ratio | 1.81 ratio | 5.85 ratio | 10 |
| 2010s | 4.28 ratio | 3.25 ratio | 6.68 ratio | 10 |
| 2020s | 4.75 ratio | 4.39 ratio | 5.27 ratio | 4 |
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)
- 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 total reserves in months of imports in Papua New Guinea?
- Total reserves in months of imports in Papua New Guinea was 4.39 ratio in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest total reserves in months of imports recorded in Papua New Guinea?
- The highest recorded value was 6.68 ratio in 2011.
- What is the lowest total reserves in months of imports recorded in Papua New Guinea?
- The lowest recorded value was 1.81 ratio in 2000.
- How does Papua New Guinea rank for total reserves in months of imports?
- Papua New Guinea ranks 84th out of 172 countries with data for 2023.
- Is total reserves in months of imports rising or falling in Papua New Guinea?
- Over the last ten years it is up 28.4%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Total reserves in months of imports (ratio).