Papua New Guinea recorded a Current Account surplus of 5741 PGK Million in the fourth quarter of 2020. source: Bank of Papua New Guinea

Current Account in Papua New Guinea averaged 1086.13 PGK Million from 1997 until 2020, reaching an all time high of 6342 PGK Million in the third quarter of 2019 and a record low of -2266 PGK Million in the fourth quarter of 2013. This page provides - Papua New Guinea Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Current Account - values, historical data and charts - was last updated on July of 2021.

Current Account in Papua New Guinea is expected to be 1300.02 PGK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Papua New Guinea to stand at 1307.52 in 12 months time. In the long-term, the Papua New Guinea Current Account is projected to trend around 1312.38 PGK Million in 2022 and 1312.93 PGK Million in 2023, according to our econometric models.

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Papua New Guinea Current Account

Actual Previous Highest Lowest Dates Unit Frequency
5741.00 4470.00 6342.00 -2266.00 1997 - 2020 PGK Million Quarterly

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6416.00 5278.00 7145.00 75.00 PGK Million [+]
Current Account 5741.00 4470.00 6342.00 -2266.00 PGK Million [+]
Current Account to GDP 16.90 20.40 24.70 -16.60 percent of GDP [+]
Imports 1789.00 2136.00 3881.00 518.00 PGK Million [+]
Exports 8204.00 7415.00 10573.00 623.00 PGK Million [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Foreign Direct Investment 110.00 127.00 968.00 -799.00 PGK Million [+]
Capital Flows -2986.00 -5177.00 1881.00 -6969.00 PGK Million [+]
Crude Oil Production 39.00 39.00 128.00 4.00 BBL/D/1K [+]
Terrorism Index 0.69 1.36 2.04 0.00 [+]


Papua New Guinea Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).