Net acquisition of financial assets in Papua New Guinea
Papua New Guinea: Net acquisition of financial assets was -1.2% 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 % of GDP.
Analysis
In 2024, net acquisition of financial assets in Papua New Guinea stood at -1.2%.
That represents a change of down 140.8% on the previous year and down 286.3% over ten years.
Over the whole period, net acquisition of financial assets in Papua New Guinea peaked at 5.9% in 1996 and was at its lowest, -1.8%, in 1990.
Papua New Guinea ranks 123rd of 134 countries on this measure, 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 | % of GDP | Change |
|---|---|---|
| 1990 | -1.8% | — |
| 1991 | 0.8% | -142.4% |
| 1992 | 1.5% | +97.8% |
| 1993 | 2.7% | +75.2% |
| 1994 | -0.6% | -120.9% |
| 1995 | 0.3% | -153.1% |
| 1996 | 5.9% | +1891.1% |
| 1997 | 2.5% | -58.0% |
| 1998 | -1.0% | -139.5% |
| 1999 | 3.0% | -409.9% |
| 2000 | 1.6% | -46.8% |
| 2001 | 2.8% | +76.9% |
| 2002 | 0.5% | -84.0% |
| 2014 | -0.3% | -167.0% |
| 2015 | -0.8% | +155.6% |
| 2016 | 1.3% | -270.1% |
| 2017 | -0.2% | -118.8% |
| 2018 | 1.5% | -722.1% |
| 2019 | -0.9% | -160.4% |
| 2020 | -1.0% | +4.1% |
| 2021 | 1.8% | -289.0% |
| 2022 | -0.3% | -117.4% |
| 2023 | -0.5% | +53.1% |
| 2024 | -1.2% | +140.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's -1.2% is below the median for lower middle income countries, which is 0.6%. (34 countries reporting)
- Papua New Guinea's -1.2% is below the median for East Asia & Pacific, which is 1.9%. (25 countries reporting)
Biggest year-on-year movements
Years where Net acquisition of financial assets in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +1891.1% | 0.3% | 5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | -1.8% | 5.9% | 10 |
| 2000s | 1.6% | 0.5% | 2.8% | 3 |
| 2010s | 0.1% | -0.9% | 1.5% | 6 |
| 2020s | -0.2% | -1.2% | 1.8% | 5 |
Countries ranked near Papua New Guinea
- 120 Madagascar -1.0% compare
- 121 Botswana -1.1% compare
- 122 Saint Lucia -1.1% compare
- 124 France -1.5% compare
- 125 Equatorial Guinea -1.5% compare
- 126 Trinidad and Tobago -1.9% compare
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 -1.2% 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 5.9% in 1996.
- What is the lowest net acquisition of financial assets recorded in Papua New Guinea?
- The lowest recorded value was -1.8% in 1990.
- How does Papua New Guinea rank for net acquisition of financial assets?
- Papua New Guinea ranks 123rd 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 286.3%. 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 (% of GDP). 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 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.