Current account balance (credit less debit), Net (credits less) in Papua New Guinea
Papua New Guinea: Current account balance (credit less debit), Net (credits less) was 4.77 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Papua New Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Papua New Guinea stood at 4.77 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 70.6% on the previous year and up 69.2% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Papua New Guinea peaked at 4.77 billion in 2024 and was at its lowest, -3.45 billion, in 2013.
Papua New Guinea ranks 33rd of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 649.70 million | — |
| 2006 | 440.84 million | -32.1% |
| 2007 | 180.83 million | -59.0% |
| 2008 | 795.14 million | +339.7% |
| 2009 | -591.62 million | -174.4% |
| 2010 | -642.50 million | +8.6% |
| 2011 | -197.87 million | -69.2% |
| 2012 | -2.30 billion | +1061.0% |
| 2013 | -3.45 billion | +50.2% |
| 2014 | 2.82 billion | -181.7% |
| 2015 | 2.43 billion | -13.6% |
| 2016 | 2.83 billion | +16.2% |
| 2017 | 3.62 billion | +27.8% |
| 2018 | 3.29 billion | -9.1% |
| 2019 | 3.56 billion | +8.3% |
| 2020 | 3.42 billion | -3.9% |
| 2021 | 3.28 billion | -4.0% |
| 2022 | 4.57 billion | +39.1% |
| 2023 | 2.79 billion | -38.8% |
| 2024 | 4.77 billion | +70.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.77 billion is above the median for lower middle income countries, which is -96.83 million. (46 countries reporting)
- Papua New Guinea's 4.77 billion is above the median for East Asia & Pacific, which is 65.63 million, 72.6× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -1061.0% | -197.87 million | -2.30 billion |
| 2008 | +339.7% | 180.83 million | 795.14 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 294.98 million | -591.62 million | 795.14 million | 5 |
| 2010s | 1.20 billion | -3.45 billion | 3.62 billion | 10 |
| 2020s | 3.77 billion | 2.79 billion | 4.77 billion | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Papua New Guinea?
- Current account balance (credit less debit), net (credits less debits) in Papua New Guinea was 4.77 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The highest recorded value was 4.77 billion in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The lowest recorded value was -3.45 billion in 2013.
- How does Papua New Guinea rank for current account balance (credit less debit), net (credits less debits)?
- Papua New Guinea ranks 33rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) 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 International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.