Papua New Guinea Current Account to GDP

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.

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Papua New Guinea Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	6368.00	7216.00	7216.00	75.00	PGK Million	[+]
Current Account	848.00	877.30	4387.00	-2266.00	PGK Million	[+]
Current Account to GDP	26.70	22.50	26.70	-36.10	percent	[+]
Exports	8469.00	10176.00	10176.00	623.00	PGK Million	[+]
Imports	2101.00	2960.00	3243.00	518.00	PGK Million	[+]
Gold Reserves	1.96	2.00	2.00	1.96	Tonnes	[+]
Crude Oil Production	51.00	51.00	115.00	3.70	BBL/D/1K	[+]
Terrorism Index	2.04	0.00	2.04	0.00		[+]

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

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 September of 2019.

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

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%