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Papua New Guinea – Current Account Balance

Name: Papua New Guinea Current Account Balance
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Current account balance as a share of GDP. Summarizes net trade in goods, services, income, and transfers with the rest of the world. · World Bank

14.99% +5.92% from 2023 G20 rank: 145th · all-time high: 15.90% (2017)

Papua New Guinea's current account balance was 14.99% in 2024, an increase of +5.92% from 9.07% in 2023. This ranked 145th in the G20. The all-time high was 15.90% in 2017.

APA

Papua New Guinea Current Account Balance. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/papua-new-guinea/current-account

BibTeX

@misc{historysaid_papua-new-guinea_current-account,
  title = {Papua New Guinea Current Account Balance},
  url = {https://historysaid.com/papua-new-guinea/current-account},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Papua New Guinea Current Account Balance – Historical Data
Year	Value	Change	Rank
2030* IMF	11.48%	–	–
2029* IMF	10.68%	–	–
2028* IMF	11.80%	–	–
2027* IMF	11.33%	–	–
2026* IMF	12.65%	–	–
2025* IMF	10.77%	–	–
2024	14.99%	+5.92%	145th
2023	9.07%	−5.36%	155th
2022	14.43%	+1.85%	164th
2021	12.58%	−1.76%	168th
2020	14.34%	−0.04%	173rd
2019	14.38%	+0.75%	174th
2018	13.63%	−2.27%	173rd
2017	15.90%	+2.27%	178th
2016	13.63%	+2.42%	182nd
2015	11.21%	−0.93%	177th
2014	12.14%	+28.36%	175th
2013	-16.23%	−5.44%	15th
2012	-10.79%	−9.69%	35th
2011	-1.10%	+3.41%	121st
2010	-4.51%	+0.58%	79th
2009	-5.09%	−11.90%	71st
2008	6.81%	+4.92%	152nd
2007	1.89%	−3.38%	126th
2006	5.28%	−8.08%	137th
2005	13.35%	+8.56%	157th
2004	4.79%	+0.77%	134th
2003	4.02%	+4.86%	128th
2002	-0.84%	−10.13%	89th
2001	9.29%	−0.67%	135th
2000	9.96%	+6.51%	133rd
1999	3.45%	+2.20%	120th
1998	1.25%	+3.25%	119th
1997	-2.01%	−8.08%	91st
1996	6.08%	−8.46%	136th
1995	14.53%	+4.20%	138th
1994	10.34%	−2.64%	137th
1993	12.98%	+10.81%	136th
1992	2.17%	+6.16%	116th
1991	-3.99%	−1.64%	52nd
1990	-2.35%	+6.47%	69th
1989	-8.82%	−0.71%	17th
1988	-8.11%	−1.81%	21st
1987	-6.29%	−2.59%	30th
1986	-3.70%	+1.32%	49th
1985	-5.02%	+6.32%	40th
1984	-11.34%	+1.82%	12th
1983	-13.17%	+5.61%	13th
1982	-18.78%	+0.61%	12th
1981	-19.39%	−8.05%	12th
1980	-11.34%	−16.00%	20th
1979	4.66%	+6.32%	92nd
1978	-1.65%	−8.62%	65th
1977	6.97%	+3.61%	90th
1976	3.36%	–	64th

Show all years (1976–2024)

* IMF World Economic Outlook projection

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +22.9% GDP growth 5.7% C/A balance 14.4%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Papua New Guinea matched the Export Boom Cycle pattern in 2022. Historically, 67% of countries showing this pattern (460 out of 682) saw current account balance improve within 24 months. View full analysis →