Papua New Guinea: Service imports (current US$, BoP)

Key figures

What the numbers say

In 2024, Papua New Guinea's service imports (current US$, BoP) fell 15.6% on 2023 (from US$2.84 billion to US$2.4 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +6.3% and a typical year strayed about 20.1% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 49.4% in 2010 and the biggest yearly fall was 41.1% in 2014. 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 the straight-line trend is upward, about US$96.88 million a year. A straight line explains 50% of the movement over 10 observed years.

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 11th 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.

Closest to Papua New Guinea in the 2024 ranking

• Bahamas, The — 8th of 29: US$2.47 billion
• Namibia — 9th of 29: US$2.47 billion
• Cameroon — 10th of 29: US$2.4 billion
• Mauritius — 12th of 29: US$2.28 billion
• Mali — 13th of 29: US$1.8 billion
• Zimbabwe — 14th of 29: US$1.66 billion

What this measures

Imports of services are services provided by non-residents to 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

Service imports (current US$, BoP) in nearby economies

• Australia — US$116.08 billion (2025)
• Brunei Darussalam — US$1.54 billion (2025)
• Cambodia — US$3.22 billion (2025)
• China — US$622.79 billion (2025)
• Fiji — US$995.84 million (2024)
• French Polynesia — US$384.04 million (2016)
• Hong Kong SAR, China — US$93.42 billion (2025)
• Indonesia — US$62.78 billion (2025)
• Japan — US$269.16 billion (2025)
• Kiribati — US$101.87 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

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Questions people ask

What is Papua New Guinea's service imports (current US$, BoP)?

US$2.4 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is up 1,265% from US$175.64 million in 1976 (5.6% a year on average, compounded). The highest value was US$3.9 billion in 2013 and the lowest US$175.64 million in 1976.

How does Papua New Guinea rank?

11th highest of 29 economies with data for 2024.

Is the latest change in service imports (current US$, BoP) unusual for Papua New Guinea?

In 2024, Papua New Guinea's service imports (current US$, BoP) fell 15.6% on 2023 (from US$2.84 billion to US$2.4 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.3% and a typical year strayed about 20.1% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator BM.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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