Net acquisition of financial assets in Papua New Guinea
Papua New Guinea: Net acquisition of financial assets was -1.40 billion current LCU in 2024. ◆ Volatile
Net acquisition of financial assets in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net acquisition of financial assets in Papua New Guinea is -1.40 billion current LCU, measured in 2024. That is the lowest value across all 24 years on record.
That represents a change of down 158.3% on the previous year and down 702.5% over ten years.
Over the whole period, net acquisition of financial assets in Papua New Guinea peaked at 1.69 billion current LCU in 2021 and was at its lowest, -1.40 billion current LCU, in 2024.
That places Papua New Guinea 107th out of 134 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | -55.74 million current LCU | — |
| 1991 | 27.73 million current LCU | -149.7% |
| 1992 | 64.24 million current LCU | +131.7% |
| 1993 | 129.68 million current LCU | +101.9% |
| 1994 | -30.74 million current LCU | -123.7% |
| 1995 | 18.27 million current LCU | -159.4% |
| 1996 | 398.96 million current LCU | +2083.9% |
| 1997 | 174.41 million current LCU | -56.3% |
| 1998 | -76.01 million current LCU | -143.6% |
| 1999 | 266.48 million current LCU | -450.6% |
| 2000 | 156.27 million current LCU | -41.4% |
| 2001 | 295.22 million current LCU | +88.9% |
| 2002 | 52.98 million current LCU | -82.1% |
| 2014 | -174.10 million current LCU | -428.6% |
| 2015 | -468.41 million current LCU | +169.0% |
| 2016 | 861.80 million current LCU | -284.0% |
| 2017 | -180.38 million current LCU | -120.9% |
| 2018 | 1.23 billion current LCU | -781.1% |
| 2019 | -783.90 million current LCU | -163.8% |
| 2020 | -802.90 million current LCU | +2.4% |
| 2021 | 1.69 billion current LCU | -309.9% |
| 2022 | -355.71 million current LCU | -121.1% |
| 2023 | -540.82 million current LCU | +52.0% |
| 2024 | -1.40 billion current LCU | +158.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 91.73 million current LCU | -76.01 million current LCU | 398.96 million current LCU | 10 |
| 2000s | 168.16 million current LCU | 52.98 million current LCU | 295.22 million current LCU | 3 |
| 2010s | 80.61 million current LCU | -783.90 million current LCU | 1.23 billion current LCU | 6 |
| 2020s | -282.26 million current LCU | -1.40 billion current LCU | 1.69 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.8663 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 600 % change on previous year (1997)
- Arms imports (SIPRI trend indicator values), gaps filled 9.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 8.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.003 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -6.23 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.01 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.87 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net acquisition of financial assets in Papua New Guinea?
- Net acquisition of financial assets in Papua New Guinea was -1.40 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Papua New Guinea?
- The highest recorded value was 1.69 billion current LCU in 2021.
- What is the lowest net acquisition of financial assets recorded in Papua New Guinea?
- The lowest recorded value was -1.40 billion current LCU in 2024.
- How does Papua New Guinea rank for net acquisition of financial assets?
- Papua New Guinea ranks 107th out of 134 countries with data for 2024.
- Is net acquisition of financial assets rising or falling in Papua New Guinea?
- Over the last ten years it is down 702.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net acquisition of financial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.