Balance of Payments: Total Net Current Account for Papua New Guinea
PNGBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.63
Year-over-Year Change
-33.10%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Papua New Guinea measures the country's net trade position, including goods, services, and income flows, relative to the rest of the world. It is a key economic indicator for understanding Papua New Guinea's external accounts and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total net current account balance represents the difference between Papua New Guinea's total earnings from international trade and investment, and its total payments to the rest of the world. It is a comprehensive measure of the country's external economic position and a leading indicator of its trade and financial flows.
Methodology
The data is collected and calculated by the Central Bank of Papua New Guinea based on international standards.
Historical Context
The current account balance is closely monitored by policymakers, analysts, and investors to assess Papua New Guinea's economic performance and sustainability of its external position.
Key Facts
- Papua New Guinea has run a current account deficit since the 1990s.
- The current account deficit peaked at over 30% of GDP in 2015.
- Mining and energy exports are a major driver of Papua New Guinea's trade flows.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Papua New Guinea measures the country's net trade position, including goods, services, and income flows, relative to the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Papua New Guinea's external economic position and competitiveness, and is closely monitored by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Papua New Guinea based on international standards.
Q: How is this trend used in economic policy?
A: The current account balance is used by policymakers, economists, and market participants to assess Papua New Guinea's economic performance and the sustainability of its external position.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Central Bank of Papua New Guinea, with a typical delay of 2-3 months.
Related Trends
Value of Exports to Papua New Guinea from Idaho
IDPNGA052SCEN
Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Papua New Guinea
PNGFCBODMFKNUM
Number of Identified Exporters to Papua New Guinea from Wyoming
WYPNGA475SCEN
Infant Mortality Rate for Papua New Guinea
SPDYNIMRTINPNG
Bank's Return on Equity for Papua New Guinea
DDEI06PGA156NWDB
Number of Identified Exporters to Papua New Guinea from Ohio
OHPNGA475SCEN
Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Papua New Guinea (PNGBCAGDPBP6PT), retrieved from FRED.