Goods balance (credit less debit), Net (credits less debits) in Papua New Guinea
Papua New Guinea: Goods balance (credit less debit), Net (credits less debits) was 8.71 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Papua New Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
Papua New Guinea recorded 8.71 billion for goods balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 17.4% on the previous year and up 67.8% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Papua New Guinea peaked at 8.73 billion in 2022 and was at its lowest, 528.19 million, in 2013.
Papua New Guinea ranks 37th 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.
Goods balance (credit less debit), Net (credits less debits) in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.79 billion | — |
| 2006 | 2.21 billion | +23.3% |
| 2007 | 2.12 billion | -4.3% |
| 2008 | 2.67 billion | +26.0% |
| 2009 | 1.53 billion | -42.7% |
| 2010 | 2.22 billion | +45.2% |
| 2011 | 2.66 billion | +20.1% |
| 2012 | 1.57 billion | -41.2% |
| 2013 | 528.19 million | -66.3% |
| 2014 | 5.19 billion | +883.1% |
| 2015 | 5.60 billion | +7.9% |
| 2016 | 4.92 billion | -12.2% |
| 2017 | 6.21 billion | +26.2% |
| 2018 | 6.00 billion | -3.3% |
| 2019 | 6.72 billion | +11.9% |
| 2020 | 5.49 billion | -18.4% |
| 2021 | 6.47 billion | +18.0% |
| 2022 | 8.73 billion | +34.9% |
| 2023 | 7.42 billion | -15.0% |
| 2024 | 8.71 billion | +17.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.06 billion | 1.53 billion | 2.67 billion | 5 |
| 2010s | 4.16 billion | 528.19 million | 6.72 billion | 10 |
| 2020s | 7.37 billion | 5.49 billion | 8.73 billion | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Papua New Guinea?
- Goods balance (credit less debit), net (credits less debits) in Papua New Guinea was 8.71 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The highest recorded value was 8.73 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The lowest recorded value was 528.19 million in 2013.
- How does Papua New Guinea rank for goods balance (credit less debit), net (credits less debits)?
- Papua New Guinea ranks 37th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Papua New Guinea?
- Over the last ten years it is up 67.8%. 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 Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.