Papua New Guinea Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Papua New Guinea's real effective exchange rate was 121.48 in 2024, ranked 93rd globally. This represents a 6.8% decrease from 2023. Data from BIS, covering 1980–2024.
Overview
Papua New Guinea's real effective exchange rate stood at 121.48 in 2024, a decline of +8.82 from 2023. Based on recent trends, this figure is projected to reach 125.32 by 2025. Papua New Guinea ranked 93rd globally.
Papua New Guinea's real effective exchange rate has fluctuated significantly over the past 45 years, with its latest value standing at 121.48 in 2024. This places it 93rd globally, closely trailed by Singapore at 120.99 and surpassed by Armenia at 122.33. Historically, the country experienced its peak in 1981 with a value of 137.39, whereas its trough occurred in 2002 at 77.19. The significant decline to the trough in 2002 reflects substantial economic adjustments during that era. Compared to its peers, Papua New Guinea's exchange rate has stabilized in recent years, hovering close to that of Singapore. As the country looks to the future, changes in global commodity prices and shifts in trade policies could potentially alter the trajectory of its real effective exchange rate, influencing its competitiveness in the global market.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 124.48 | - | - |
| 2026* trend | 124.90 | - | - |
| 2025* trend | 125.32 | - | - |
| 2024 | 121.48 | −8.82 | #93 |
| 2023 | 130.30 | −0.81 | #100 |
| 2022 | 131.11 | +8.58 | #99 |
| 2021 | 122.53 | −4.93 | #96 |
| 2020 | 127.46 | +2.78 | #98 |
| 2019 | 124.68 | +3.86 | #96 |
| 2018 | 120.82 | −1.70 | #97 |
| 2017 | 122.53 | +1.18 | #96 |
| 2016 | 121.35 | −6.56 | #96 |
| 2015 | 127.91 | +5.13 | #99 |
| 2014 | 122.78 | −4.20 | #100 |
| 2013 | 126.98 | −1.26 | #104 |
| 2012 | 128.24 | +19.19 | #104 |
| 2011 | 109.05 | +9.05 | #99 |
| 2010 | 100.00 | −2.60 | #79 |
Detected Pattern
Analysis
Papua New Guinea matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Papua New Guinea's real effective exchange rate was 121.48 in 2024. Ranked 93rd globally. This represents a 6.8% decrease from the previous year.
Papua New Guinea's real effective exchange rate peaked at 137.39 in 1981.
The lowest real effective exchange rate in Papua New Guinea was 77.19 in 2002.
Papua New Guinea ranks 93rd globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Papua New Guinea's real effective exchange rate is projected to reach 125.32 by 2025 based on trend extrapolation.
The real effective exchange rate of Papua New Guinea in 2024 was 121.48. This ranks 93rd in the world.
Cite this page
@misc{historysaid_papua-new-guinea_reer,
title = {Papua New Guinea Real Effective Exchange Rate},
url = {https://historysaid.com/papua-new-guinea/reer/},
publisher = {HistorySaid},
year = {2026}
}