Papua New Guinea's service exports (current US$, BoP) was US$75.21 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 64.3% from US$210.65 million in 2014 (9.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$75.21 million | 2024 |
| Five years earlier | US$290.85 million | 2019 |
| Ten years earlier | US$210.65 million | 2014 |
| Highest | US$478.61 million | 2012 |
| Lowest | US$35.65 million | 1978 |
| Average since 2015 | US$217.09 million | 2015–2024 |
| First recorded | US$68.94 million |
What the numbers say
In 2024, Papua New Guinea's service exports (current US$, BoP) fell 81.6% on 2023 (from US$408.64 million to US$75.21 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +9.6% and a typical year strayed about 44.8% from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 140.4% in 2017 and the biggest yearly fall was 81.6% 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 24th highest value of the 29 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$75.21 million | 2024 |
| World | US$9.56 trillion | 2025 |
| East Asia & Pacific | US$1.83 trillion | 2025 |
| Lower middle income | US$606.22 billion | 2025 |
Closest to Papua New Guinea in the 2024 ranking
- Mauritania — 20th of 29: US$229.55 million
- Solomon Islands — 21st of 29: US$132.63 million
- Haiti — 22nd of 29: US$96.57 million
- Guinea — 24th of 29: US$71.2 million
- Naoero — 25th of 29: US$64.55 million
- Guinea-Bissau — 26th of 29: US$51.01 million
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 49 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2024 | 75,209,664 |
| 2023 | 408,641,866 |
| 2022 | 247,451,339 |
| 2021 | 189,672,767 |
| 2020 | 98,055,145 |
| 2019 | 290,854,231 |
| 2018 | 299,014,830 |
| 2017 | 294,446,334 |
| 2016 | 122,468,808 |
| 2015 | 145,116,429 |
| 2014 |
Service exports (current US$, BoP) in nearby economies
- Australia — US$91.59 billion (2025)
- Brunei Darussalam — US$463.22 million (2025)
- Cambodia — US$5.35 billion (2025)
- China — US$384.68 billion (2025)
- Fiji — US$2.12 billion (2024)
- French Polynesia — US$1.02 billion (2016)
- Hong Kong SAR, China — US$115.24 billion (2025)
- Indonesia — US$42.58 billion (2025)
- Japan — US$246.06 billion (2025)
- Kiribati — US$8.55 million (2025)
- Korea, Rep.
More economic policy & debt data for Papua New Guinea
- GDP (current US$) — 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$30.16 billion (2025)
- GNI (current LCU) — 124.34 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Papua New Guinea's service exports (current US$, BoP)?
- US$75.21 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 9.09% from US$68.94 million in 1976 (0.18% a year on average, compounded). The highest value was US$478.61 million in 2012 and the lowest US$35.65 million in 1978.
- How does Papua New Guinea rank?
- 24th highest of 29 economies with data for 2024.
- Is the latest change in service exports (current US$, BoP) unusual for Papua New Guinea?
- In 2024, Papua New Guinea's service exports (current US$, BoP) fell 81.6% on 2023 (from US$408.64 million to US$75.21 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +9.6% and a typical year strayed about 44.8% from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BX.GSR.NFSV.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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