Papua New Guinea: Trade openness
* indicates monthly or quarterly data series
| Papua New Guinea |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 131.08 |
| Year | 2004 |
| Measure | percent |
| Data availability | 1961 - 2004 |
| Average | 87.74 |
| Min - Max | 44.13 - 131.08 |
| Source | The World Bank |
The latest value from 2004 is 131.08 percent, an increase from 123.45 percent in 2003. In comparison, the world average is 84.85 percent, based on data from 166 countries. Historically, the average for Papua New Guinea from 1961 to 2004 is 87.74 percent. The minimum value, 44.13 percent, was reached in 1962 while the maximum of 131.08 percent was recorded in 2004.
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Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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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 |