Financial account balance (assets less liabilities), Net (net) in Papua New Guinea
Papua New Guinea: Financial account balance (assets less liabilities), Net (net) was 4.51 billion in 2024. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Papua New Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
Papua New Guinea recorded 4.51 billion for financial account balance (assets less liabilities), net (net) in 2024.
That represents a change of up 58.3% on the previous year and up 27.4% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Papua New Guinea peaked at 5.52 billion in 2022 and was at its lowest, -2.01 billion, in 2013.
That places Papua New Guinea 32nd out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial account balance (assets less liabilities), Net (net) in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 429.91 million | — |
| 2006 | -835.96 million | -294.4% |
| 2007 | -951.96 million | +13.9% |
| 2008 | 1.18 billion | -224.0% |
| 2009 | -1.60 billion | -235.9% |
| 2010 | -1.81 billion | +13.1% |
| 2011 | -1.23 billion | -32.2% |
| 2012 | -1.51 billion | +22.6% |
| 2013 | -2.01 billion | +32.9% |
| 2014 | 3.54 billion | -276.5% |
| 2015 | 2.54 billion | -28.2% |
| 2016 | 2.40 billion | -5.6% |
| 2017 | 4.10 billion | +70.7% |
| 2018 | 4.06 billion | -0.8% |
| 2019 | 4.28 billion | +5.3% |
| 2020 | 1.98 billion | -53.8% |
| 2021 | 3.42 billion | +72.8% |
| 2022 | 5.52 billion | +61.5% |
| 2023 | 2.85 billion | -48.4% |
| 2024 | 4.51 billion | +58.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.51 billion is above the median for lower middle income countries, which is -214.02 million. (46 countries reporting)
- Papua New Guinea's 4.51 billion is above the median for East Asia & Pacific, which is 38.12 million, 118.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -356.41 million | -1.60 billion | 1.18 billion | 5 |
| 2010s | 1.44 billion | -2.01 billion | 4.28 billion | 10 |
| 2020s | 3.65 billion | 1.98 billion | 5.52 billion | 5 |
Countries ranked near Papua New Guinea
More external debt data for Papua New Guinea
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.2% (2024)
- Net financial flows, IDA 31.68 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 2.99 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 154,000 NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.6% (2024)
Frequently asked questions
- What is financial account balance (assets less liabilities), net (net) in Papua New Guinea?
- Financial account balance (assets less liabilities), net (net) in Papua New Guinea was 4.51 billion in 2024, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Papua New Guinea?
- The highest recorded value was 5.52 billion in 2022.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Papua New Guinea?
- The lowest recorded value was -2.01 billion in 2013.
- How does Papua New Guinea rank for financial account balance (assets less liabilities), net (net)?
- Papua New Guinea ranks 32nd out of 197 countries with data for 2024.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Papua New Guinea?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.