Papua New Guinea recorded a Current Account surplus of 18.60 percent of the country's Gross Domestic Product in 2021. source: Department of Treasury

Current Account to GDP in Papua New Guinea averaged 7.96 percent of GDP from 1994 until 2022, reaching an all time high of 24.70 percent of GDP in 2016 and a record low of -16.60 percent of GDP in 2013. 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 - values, historical data and charts - was last updated on June of 2023.

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Papua New Guinea Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP 22.10 20.00 percent of GDP Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
22.10 20.00 24.70 -16.60 1994 - 2022 percent of GDP Yearly