Papua New Guinea: Reserves

The latest value from 2023 is 3.9 billion U.S. dollars, a decline from 3.98 billion U.S. dollars in 2022. In comparison, the world average is 91.52 billion U.S. dollars, based on data from 161 countries. Historically, the average for Papua New Guinea from 1973 to 2023 is 1.19 billion U.S. dollars. The minimum value, 0.03 billion U.S. dollars, was reached in 1973 while the maximum of 4.35 billion U.S. dollars was recorded in 2011. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The reserves of Papua New Guinea and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.

Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.