Current account balance (World Bank) — all countries

Current account balance (World Bank) — Papua New Guinea

Current account balance (World Bank) in Papua New Guinea in 2024 — 15.48%. Ranked 8 in the world out of 165. Since 1976, the indicator has risen by 12.12 pp.

2024 15.48% +6.41 pp vs 2023
World rank 8of 165
Period maximum 15.9%2017
Period minimum -19.39%1981

Trend over time

1976–2024 · % of GDP

Current account balance (World Bank) — Papua New Guinea, 1976–2024-20-1001020197619811986199119962001200620112016202120241976: 3.36%1977: 6.97%1978: -1.65%1979: 4.66%1980: -11.34%1981: -19.39%1982: -18.78%1983: -13.17%1984: -11.34%1985: -5.02%1986: -3.7%1987: -6.29%1988: -8.11%1989: -8.82%1990: -2.35%1991: -3.99%1992: 2.17%1993: 12.98%1994: 10.34%1995: 14.53%1996: 6.08%1997: -2.01%1998: 1.25%1999: 3.45%2000: 9.96%2001: 9.29%2002: -0.84%2003: 4.02%2004: 4.79%2005: 13.35%2006: 5.28%2007: 1.89%2008: 6.81%2009: -5.09%2010: -4.51%2011: -1.1%2012: -10.79%2013: -16.23%2014: 12.14%2015: 11.21%2016: 13.63%2017: 15.9%2018: 13.63%2019: 14.38%2020: 14.34%2021: 12.58%2022: 14.43%2023: 9.07%2024: 15.48%
Change over the period: +12.12 pp Annual average: 0.25 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 15.48%
World computed 0.39%
East Asia & Pacific computed 2.87%
Melanesia computed 11.05%
Current account balance (World Bank) — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year % Change, pp
2024 15.48 +6.41 pp
2023 9.07 −5.36 pp
2022 14.43 +1.85 pp
2021 12.58 −1.76 pp
2020 14.34 −0.04 pp
2019 14.38 +0.75 pp
2018 13.63 −2.27 pp
2017 15.9 +2.27 pp
2016 13.63 +2.42 pp
2015 11.21 −0.93 pp
2014 12.14 +28.36 pp
2013 -16.23 −5.44 pp
2012 -10.79 −9.69 pp
2011 -1.1 +3.41 pp
2010 -4.51 +0.58 pp
2009 -5.09 −11.9 pp
2008 6.81 +4.92 pp
2007 1.89 −3.38 pp
2006 5.28 −8.08 pp
2005 13.35 +8.56 pp
2004 4.79 +0.77 pp
2003 4.02 +4.86 pp
2002 -0.84 −10.13 pp
2001 9.29 −0.67 pp
2000 9.96 +6.51 pp
1999 3.45 +2.2 pp
1998 1.25 +3.25 pp
1997 -2.01 −8.08 pp
1996 6.08 −8.46 pp
1995 14.53 +4.2 pp
1994 10.34 −2.64 pp
1993 12.98 +10.81 pp
1992 2.17 +6.16 pp
1991 -3.99 −1.64 pp
1990 -2.35 +6.47 pp
1989 -8.82 −0.71 pp
1988 -8.11 −1.81 pp
1987 -6.29 −2.59 pp
1986 -3.7 +1.32 pp
1985 -5.02 +6.32 pp
1984 -11.34 +1.82 pp
1983 -13.17 +5.61 pp
1982 -18.78 +0.61 pp
1981 -19.39 −8.05 pp
1980 -11.34 −16 pp
1979 4.66 +6.32 pp
1978 -1.65 −8.62 pp
1977 6.97 +3.61 pp
1976 3.36

Melanesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The current account balance of the balance of payments as a percent of GDP from World Bank data. It duplicates the IMF indicator in meaning but rests on a different source and carries no forecast part — useful for cross-checking: noticeable divergences between the two series usually point to a revision of the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.