Papua New Guinea Current Account to GDP  1994-2018 | Data | Chart

Papua New Guinea recorded a Current Account surplus of 15.30 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Papua New Guinea averaged 0.23 percent from 1994 until 2016, reaching an all time high of 19.60 percent in 2015 and a record low of -36.10 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 5067.00 6699.00 6699.00 75.00 PGK Million [+]
Exports 7224.00 8264.00 8264.00 623.00 PGK Million [+]
Imports 2158.00 1565.00 3242.90 518.00 PGK Million [+]
Current Account 1841.40 421.40 4387.00 -2266.00 PGK Million [+]
Current Account to GDP 15.30 19.60 19.60 -36.10 percent [+]
Gold Reserves 2.00 2.00 2.00 1.96 Tonnes [+]
Terrorism Index 0.00 0.00 1.19 0.00 [+]
Crude Oil Production 50.00 50.00 115.00 3.70 BBL/D/1K [+]

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

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. 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15.30 19.60 19.60 -36.10 1994 - 2016 percent Yearly

current account to GDP by Country
Country Last
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17