Current Account Balance in Papua New Guinea
The current account balance in Papua New Guinea averaged 4.2% of GDP in the decade to 2020. The 2020 reading was 14.1% of GDP. For more current account information, visit our dedicated page.
Papua New Guinea Current Account Chart
Note: This chart displays Current Account (% of GDP) for Papua New Guinea from 2013 to 2022.
Source: Macrobond.
Papua New Guinea Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 14.4 | 14.4 | 12.6 | 14.4 | - |
| Current Account Balance (USD bn) | 3.6 | 3.4 | 3.3 | 4.6 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Papua New Guinean current account projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Papua New Guinean current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Papua New Guinean current account projections.
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