Papua New Guinea's personal transfers, receipts (current US$, BoP) was US$86,320 in 2024, the latest year in the World Bank's World Development Indicators. That is down 92.9% from US$1.22 million in 2014 (23.24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$86,320 | 2024 |
| Five years earlier | US$1.18 million | 2019 |
| Ten years earlier | US$1.22 million | 2014 |
| Highest | US$7.92 million | 2004 |
| Lowest | US$86,320 | 2024 |
| Average since 2015 | US$694,556 | 2015–2024 |
| First recorded | US$5.66 million |
What the numbers say
In 2024, Papua New Guinea's personal transfers, receipts (current US$, BoP) fell 89.3% on 2023 (from US$804,404 to US$86,320).
Across the 21 yearly changes before that (2003 to 2023), the average change was +35.1% and a typical year strayed about 133.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 459.3% in 2021 and the biggest yearly fall was 89.3% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Papua New Guinea had the 28th highest value of the 27 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Papua New Guinea | US$86,320 | 2024 |
| World | US$567.33 billion | 2023 |
| Lower middle income | US$329.04 billion | 2024 |
Closest to Papua New Guinea in the 2024 ranking
- Namibia — 24th of 27: US$50.05 million
- Marshall Islands — 25th of 27: US$29.45 million
- Naoero — 26th of 27: US$198,633
What this measures
Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 23 values
| Year | Personal transfers, receipts (current US$, BoP) |
|---|---|
| 2024 | 86,320 |
| 2023 | 804,404 |
| 2022 | 472,327 |
| 2021 | 1,602,191 |
| 2020 | 286,457 |
| 2019 | 1,177,638 |
| 2018 | 818,331 |
| 2017 | 463,235 |
| 2016 | 460,840 |
| 2015 | 773,822 |
| 2014 |
Personal transfers, receipts (current US$, BoP) in nearby economies
- Cambodia — US$2.12 billion (2025)
- China — US$6.2 billion (2018)
- Fiji — US$391.28 million (2024)
- French Polynesia — US$1.86 million (2016)
- Indonesia — US$17.25 billion (2025)
- Japan — US$4.41 billion (2025)
- Kiribati — US$9.76 million (2025)
- Korea, Rep. — US$6.29 billion (2025)
- Lao PDR — US$400.26 million (2025)
- Macao SAR, China
More economic policy & debt data for Papua New Guinea
- GDP (current US$) — US$32.5 billion (2025)
- GDP (current LCU) — 133.98 billion (2025)
- GDP (constant 2015 US$) — US$28.68 billion (2025)
- GDP (constant LCU) — 76.24 billion (2025)
- GDP per capita (current US$) — US$3,020 (2025)
- GDP per capita (current LCU) — 12,449 (2025)
- GDP per capita (constant 2015 US$) — US$2,665 (2025)
- GDP per capita (constant LCU) — 7,084 (2025)
- GNI (current US$) — US$30.16 billion (2025)
- GNI (current LCU) — 124.34 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Papua New Guinea's personal transfers, receipts (current US$, BoP)?
- US$86,320 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 98.48% from US$5.66 million in 2002 (17.32% a year on average, compounded). The highest value was US$7.92 million in 2004 and the lowest US$86,320 in 2024.
- How does Papua New Guinea rank?
- 28th highest of 27 economies with data for 2024.
- Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Papua New Guinea?
- In 2024, Papua New Guinea's personal transfers, receipts (current US$, BoP) fell 89.3% on 2023 (from US$804,404 to US$86,320). Across the 21 yearly changes before that (2003 to 2023), the average change was +35.1% and a typical year strayed about 133.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.TRF.PWKR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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