Goods balance (credit less debit), Net (credits less debits) (US) in Papua New Guinea
Papua New Guinea: Goods balance (credit less debit), Net (credits less debits) (US) 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) (US) 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 8.71 billion is above the median for lower middle income countries, which is -673.06 million. (46 countries reporting)
- Papua New Guinea's 8.71 billion is above the median for East Asia & Pacific, which is -98.47 million. (33 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2014 | +883.1% | 528.19 million | 5.19 billion |
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
- 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 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.
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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.