Trade in services in Papua New Guinea
Papua New Guinea: Trade in services was 8.0% in 2024. ▼ Falling
Trade in services in Papua New Guinea, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Papua New Guinea stood at 8.0%.
That represents a change of down 23.9% on the previous year and down 25.8% over ten years.
Over the whole period, trade in services in Papua New Guinea peaked at 31.1% in 2003 and was at its lowest, 7.5%, in 2020.
That places Papua New Guinea 176th out of 200 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Trade in services in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 16.2% | — |
| 1977 | 13.5% | -16.5% |
| 1978 | 13.0% | -4.0% |
| 1979 | 12.2% | -6.1% |
| 1980 | 13.5% | +11.1% |
| 1981 | 17.1% | +26.1% |
| 1982 | 18.7% | +9.5% |
| 1983 | 16.0% | -14.7% |
| 1984 | 16.5% | +3.2% |
| 1985 | 14.5% | -11.7% |
| 1986 | 14.2% | -2.6% |
| 1987 | 15.1% | +6.6% |
| 1988 | 15.2% | +0.9% |
| 1989 | 16.3% | +6.7% |
| 1990 | 18.9% | +16.3% |
| 1991 | 21.4% | +13.1% |
| 1992 | 23.2% | +8.4% |
| 1993 | 22.3% | -3.6% |
| 1994 | 15.3% | -31.4% |
| 1995 | 20.8% | +35.6% |
| 1996 | 23.5% | +13.0% |
| 1997 | 26.7% | +13.9% |
| 1998 | 29.3% | +9.7% |
| 1999 | 28.1% | -4.4% |
| 2000 | 28.8% | +2.7% |
| 2001 | 30.7% | +6.7% |
| 2002 | 30.6% | -0.4% |
| 2003 | 31.1% | +1.7% |
| 2004 | 30.6% | -1.8% |
| 2005 | 30.2% | -1.1% |
| 2006 | 21.5% | -28.9% |
| 2007 | 22.9% | +6.4% |
| 2008 | 18.1% | -20.8% |
| 2009 | 17.5% | -3.4% |
| 2010 | 21.5% | +23.1% |
| 2011 | 18.9% | -12.2% |
| 2012 | 19.8% | +4.6% |
| 2013 | 20.3% | +2.7% |
| 2014 | 10.8% | -46.8% |
| 2015 | 9.7% | -9.9% |
| 2016 | 7.8% | -20.3% |
| 2017 | 10.1% | +29.6% |
| 2018 | 10.3% | +2.5% |
| 2019 | 9.7% | -6.1% |
| 2020 | 7.5% | -22.5% |
| 2021 | 8.6% | +14.9% |
| 2022 | 9.3% | +7.6% |
| 2023 | 10.5% | +13.6% |
| 2024 | 8.0% | -23.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.7% | 12.2% | 16.2% | 4 |
| 1980s | 15.7% | 13.5% | 18.7% | 10 |
| 1990s | 23.0% | 15.3% | 29.3% | 10 |
| 2000s | 26.2% | 17.5% | 31.1% | 10 |
| 2010s | 13.9% | 7.8% | 21.5% | 10 |
| 2020s | 8.8% | 7.5% | 10.5% | 5 |
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 trade in services in Papua New Guinea?
- Trade in services in Papua New Guinea was 8.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Papua New Guinea?
- The highest recorded value was 31.1% in 2003.
- What is the lowest trade in services recorded in Papua New Guinea?
- The lowest recorded value was 7.5% in 2020.
- How does Papua New Guinea rank for trade in services?
- Papua New Guinea ranks 176th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Papua New Guinea?
- Over the last ten years it is down 25.8%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.