Papua New Guinea Current Account to GDP  1994-2017 | Data | Chart

Papua New Guinea recorded a Current Account surplus of 4.60 percent of the country's Gross Domestic Product in 2015. Current Account to GDP in Papua New Guinea averaged -1.67 percent from 1994 until 2015, reaching an all time high of 13.91 percent in 1995 and a record low of -54.10 percent in 2012.

Papua New Guinea Current Account to GDP
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Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 5892.00 4593.00 5892.00 75.00 PGK Million [+]
Exports 6971.00 5469.00 7021.00 623.00 PGK Million [+]
Imports 1079.00 876.00 3242.90 518.00 PGK Million [+]
Current Account 1873.30 452.90 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 4.60 -5.10 13.91 -54.10 percent [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Crude Oil Production 35.00 35.00 115.00 3.70 BBL/D/1K [+]
Terrorism Index 0.00 0.00 1.19 0.00 [+]

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



Papua New Guinea Current Account to GDP Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 -5.10 13.91 -54.10 1994 - 2015 percent Yearly



current account to gdp by Country

Last
Switzerland 11.50 Dec/15
Netherlands 8.40 Dec/16
Germany 8.30 Dec/16
South Korea 7.00 Dec/16
Japan 3.70 Dec/16
Euro Area 3.30 Dec/16
Italy 2.60 Dec/16
Spain 2.20 Dec/16
China 1.80 Dec/16
Russia 1.80 Dec/16
India -0.70 Dec/16
France -0.90 Dec/16
Brazil -1.30 Dec/16
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/16
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16