Papua New Guinea: Trade balance, percent of GDP

The latest value from 2004 is 13.25 percent, a decline from 15.39 percent in 2003. In comparison, the world average is -4.11 percent, based on data from 164 countries. Historically, the average for Papua New Guinea from 1961 to 2004 is -5.96 percent. The minimum value, -36.87 percent, was reached in 1971 while the maximum of 17.34 percent was recorded in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.

The trade balance for Papua New Guinea and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.