Remittance inflows to GDP in Papua New Guinea
Papua New Guinea: Remittance inflows to GDP was 0.0% in 2020. ◆ Volatile
Remittance inflows to GDP in Papua New Guinea, 1976–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Papua New Guinea is 0.0%, measured in 2020. That is the lowest value across all 45 years on record.
That represents a change of down 33.1% on the previous year and down 67.0% over ten years.
Over the whole period, remittance inflows to gdp in Papua New Guinea peaked at 0.9% in 1976 and was at its lowest, 0.0%, in 2020.
That places Papua New Guinea 188th out of 197 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1976 | 0.9% | — |
| 1977 | 0.5% | -42.5% |
| 1978 | 0.5% | -11.5% |
| 1979 | 0.4% | -15.3% |
| 1980 | 0.2% | -46.3% |
| 1981 | 0.2% | -11.3% |
| 1982 | 0.3% | +35.8% |
| 1983 | 0.2% | -34.6% |
| 1984 | 0.2% | +24.6% |
| 1985 | 0.2% | +10.3% |
| 1986 | 0.3% | +14.4% |
| 1987 | 0.4% | +61.5% |
| 1988 | 0.3% | -35.9% |
| 1989 | 0.2% | -25.6% |
| 1990 | 0.2% | -17.1% |
| 1991 | 0.6% | +228.6% |
| 1992 | 0.5% | -14.6% |
| 1993 | 0.4% | -13.2% |
| 1994 | 0.4% | -12.0% |
| 1995 | 0.3% | -6.6% |
| 1996 | 0.3% | -12.9% |
| 1997 | 0.3% | -4.0% |
| 1998 | 0.3% | -9.3% |
| 1999 | 0.2% | -12.0% |
| 2000 | 0.2% | -9.0% |
| 2001 | 0.2% | -6.3% |
| 2002 | 0.2% | -2.5% |
| 2003 | 0.2% | +4.6% |
| 2004 | 0.2% | +23.8% |
| 2005 | 0.1% | -42.0% |
| 2006 | 0.1% | -62.5% |
| 2007 | 0.1% | +51.2% |
| 2008 | 0.1% | -21.1% |
| 2009 | 0.0% | -35.3% |
| 2010 | 0.0% | -39.7% |
| 2011 | 0.1% | +178.3% |
| 2012 | 0.1% | -2.1% |
| 2013 | 0.1% | +0.3% |
| 2014 | 0.0% | -32.8% |
| 2015 | 0.0% | -59.8% |
| 2016 | 0.0% | -28.5% |
| 2017 | 0.0% | +44.4% |
| 2018 | 0.0% | -18.8% |
| 2019 | 0.0% | -20.4% |
| 2020 | 0.0% | -33.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.4% | 0.9% | 4 |
| 1980s | 0.2% | 0.2% | 0.4% | 10 |
| 1990s | 0.3% | 0.2% | 0.6% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.0% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 1 |
Countries ranked near Papua New Guinea
- 185 Venezuela, Bolivarian Republic of 0.0% compare
- 186 Kuwait 0.0% compare
- 187 Angola 0.0% compare
- 189 Turkmenistan 0.0% compare
- 190 Central African Republic 0.0% compare
- 190 Chad 0.0% compare
- 190 Equatorial Guinea 0.0% compare
- 190 Eritrea 0.0% compare
- 190 Faroe Islands 0.0% compare
- 190 Libya 0.0% compare
- 190 Singapore 0.0%
- 190 Tuvalu 0.0% compare
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 remittance inflows to gdp in Papua New Guinea?
- Remittance inflows to gdp in Papua New Guinea was 0.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Papua New Guinea?
- The highest recorded value was 0.9% in 1976.
- What is the lowest remittance inflows to gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 2020.
- How does Papua New Guinea rank for remittance inflows to gdp?
- Papua New Guinea ranks 188th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 67.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.