Papua New Guinea: Growth of exports
* indicates monthly or quarterly data series
| Papua New Guinea |
Exports of goods and services, annual growth |
|---|---|
| Latest value | 2.72 |
| Year | 2004 |
| Measure | percent |
| Data availability | 1962 - 2004 |
| Average | 8.40 |
| Min - Max | -16.37 - 54.61 |
| Source | The World Bank |
The latest value from 2004 is 2.72 percent, a decline from 14.26 percent in 2003. In comparison, the world average is 10.87 percent, based on data from 142 countries. Historically, the average for Papua New Guinea from 1962 to 2004 is 8.4 percent. The minimum value, -16.37 percent, was reached in 1997 while the maximum of 54.61 percent was recorded in 1972.
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Definition: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Selected articles from our guide:
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 177.43 | 2021 | percent |
| Trade openness | 131.08 | 2004 | percent |
| Financial openness | -0.666 | 2021 | index points |
| Exports, percent of GDP | 72.16 | 2004 | percent |
| Exports, billion dollars | 2.83 | 2004 | billion U.S. dollars |
| Growth of exports | 2.72 | 2004 | percent |
| Imports, percent of GDP | 58.92 | 2004 | percent |
| Imports, billion dollars | 2.31 | 2004 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.37 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.08 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2023 | million dollars (current) |
| Current account, percent of GDP | 26.73 | 2022 | percent |
| Current account, in dollars | 4.18 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 13.25 | 2004 | percent |
| Trade balance, in dollars | 5.74 | 2023 | billion U.S. dollars |
| Reserves | 3.98 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.01 | 2023 | percent |
| Remittances | 3.08 | 2023 | million U.S. dollars |
| Net errors and omissions | -1,399.51 | 2023 | million USD |
| External debt | 62.75 | 2022 | percent |
| Short-term external debt | 0.12 | 2023 | percent |
| Short-term debt to reserves | 0.48 | 2023 | percent |
| Foreign exchange reserves | 3.20 | 11/2024 | billion |