Services balance (credit less debit), Net (credits less debits) in Papua New Guinea
Papua New Guinea: Services balance (credit less debit), Net (credits less debits) was -2.32 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Papua New Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Papua New Guinea is -2.32 billion, measured in 2024.
That represents a change of up 4.5% on the previous year and down 11.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Papua New Guinea peaked at -864.48 million in 2005 and was at its lowest, -3.48 billion, in 2013.
Papua New Guinea ranks 156th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -864.48 million | — |
| 2006 | -1.16 billion | +34.6% |
| 2007 | -1.46 billion | +25.6% |
| 2008 | -1.39 billion | -5.0% |
| 2009 | -1.66 billion | +19.7% |
| 2010 | -2.45 billion | +47.4% |
| 2011 | -2.56 billion | +4.3% |
| 2012 | -3.25 billion | +27.4% |
| 2013 | -3.48 billion | +7.1% |
| 2014 | -2.09 billion | -40.1% |
| 2015 | -1.83 billion | -12.6% |
| 2016 | -1.37 billion | -25.2% |
| 2017 | -1.70 billion | +24.3% |
| 2018 | -1.89 billion | +11.2% |
| 2019 | -1.81 billion | -3.9% |
| 2020 | -1.59 billion | -12.1% |
| 2021 | -1.87 billion | +17.4% |
| 2022 | -2.44 billion | +30.4% |
| 2023 | -2.43 billion | -0.4% |
| 2024 | -2.32 billion | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.31 billion | -1.66 billion | -864.48 million | 5 |
| 2010s | -2.24 billion | -3.48 billion | -1.37 billion | 10 |
| 2020s | -2.13 billion | -2.44 billion | -1.59 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 services balance (credit less debit), net (credits less debits) in Papua New Guinea?
- Services balance (credit less debit), net (credits less debits) in Papua New Guinea was -2.32 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The highest recorded value was -864.48 million in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Papua New Guinea?
- The lowest recorded value was -3.48 billion in 2013.
- How does Papua New Guinea rank for services balance (credit less debit), net (credits less debits)?
- Papua New Guinea ranks 156th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Papua New Guinea?
- Over the last ten years it is down 11.2%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Services 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.