Current account balance in Papua New Guinea
Papua New Guinea: Current account balance was 4.77 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Papua New Guinea, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Papua New Guinea stood at 4.77 billion BoP, current US$. That is the highest value across all 49 years on record.
The figure is up 70.6% on the previous year and up 69.2% over ten years.
Over the whole period, current account balance in Papua New Guinea peaked at 4.77 billion BoP, current US$ in 2024 and was at its lowest, -3.45 billion BoP, current US$, in 2013.
That places Papua New Guinea 32nd out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 59.97 million BoP, current US$ | -32.18 million BoP, current US$ | 114.29 million BoP, current US$ | 4 |
| 1980s | -287.15 million BoP, current US$ | -484.33 million BoP, current US$ | -98.10 million BoP, current US$ | 10 |
| 1990s | 213.83 million BoP, current US$ | -151.08 million BoP, current US$ | 673.76 million BoP, current US$ | 10 |
| 2000s | 241.69 million BoP, current US$ | -591.62 million BoP, current US$ | 795.14 million BoP, current US$ | 10 |
| 2010s | 1.20 billion BoP, current US$ | -3.45 billion BoP, current US$ | 3.62 billion BoP, current US$ | 10 |
| 2020s | 3.77 billion BoP, current US$ | 2.79 billion BoP, current US$ | 4.77 billion BoP, current US$ | 5 |
Countries ranked near Papua New Guinea
- 29 Malaysia 7.15 billion BoP, current US$ compare
- 30 Portugal 6.51 billion BoP, current US$ compare
- 31 Luxembourg 5.29 billion BoP, current US$ compare
- 33 Finland 4.23 billion BoP, current US$ compare
- 34 Hungary 4.08 billion BoP, current US$ compare
- 35 Azerbaijan 3.48 billion BoP, current US$ compare
More economy & growth data for Papua New Guinea
- Changes in inventories 236.30 million current LCU (2004)
- GDP 133.98 billion current LCU (2025)
- GDP 32.50 billion current US$ (2025)
- Gross fixed capital formation 712.14 million current US$ (2004)
- Gross fixed capital formation 2.29 billion current LCU (2004)
- Gross fixed capital formation -0.5% (2004)
- Gross value added at basic prices (GVA) 68.71 billion constant LCU (2024)
- Gross fixed capital formation 18.1% (2004)
- Changes in inventories 73.35 million current US$ (2004)
- Gross capital formation 20.0% (2004)
Frequently asked questions
- What is current account balance in Papua New Guinea?
- Current account balance in Papua New Guinea was 4.77 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Papua New Guinea?
- The highest recorded value was 4.77 billion BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Papua New Guinea?
- The lowest recorded value was -3.45 billion BoP, current US$ in 2013.
- How does Papua New Guinea rank for current account balance?
- Papua New Guinea ranks 32nd out of 199 countries with data for 2024.
- Is current account balance rising or falling in Papua New Guinea?
- Over the last ten years it is up 69.2%. The long-run trend across the full record is volatile.
- 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.