Papua New Guinea recorded a Current Account surplus of 26.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Papua New Guinea averaged 2.83 percent from 1994 until 2018, reaching an all time high of 26.70 percent in 2018 and a record low of -36.10 percent in 2012.

Current Account to GDP in Papua New Guinea is expected to be 22.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Current Account to GDP is projected to trend around 10.00 percent in 2020, according to our econometric models.

Papua New Guinea Current Account to GDP
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Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6274.20 5147.00 6274.20 75.00 PGK Million [+]
Current Account 1815.80 1998.20 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Imports 1921.00 2096.00 3242.90 518.00 PGK Million [+]
Exports 8195.70 7243.00 8519.00 623.00 PGK Million [+]
Gold Reserves 2.00 2.00 2.00 1.96 Tonnes [+]
Terrorism Index 2.04 0.00 2.04 0.00 [+]
Crude Oil Production 52.00 52.00 115.00 3.70 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Papua New Guinea Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Papua New Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
26.70 22.50 26.70 -36.10 1994 - 2018 percent Yearly




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -3.00 Dec/17
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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