Foreign Trade In Services (As % of GDP) rose to 8.87% in Papua New Guinea in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Papua New Guinea | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 8.87 % in 2017 in Papua New Guinea, according to the National Statistical Office. This is 40.8 % more than in the previous year.

Historically, foreign trade in services as a share of GDP in Papua New Guinea reached an all time high of 34.0 % in 2003 and an all time low of 6.30 % in 2016. When compared to Papua New Guinea's main peers, foreign trade in services as a share of GDP in Australia amounted to 10.1 %, 5.72 % in Indonesia, 14.6 % in New Zealand and 19.4 % in Philippines in 2017.

Papua New Guinea has been ranked 131st within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 85 places behind the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 8.22% 7.80% 7.68% 8.48% 8.79%
China % 5.93% 5.64% 5.60% 6.22% 5.90%
Indonesia % 6.00% 6.31% 6.35% 6.41% 6.17%
Malaysia % 25.9% 26.7% 27.0% 25.8% 25.3%
New Zealand % 15.1% 14.5% 13.7% 13.8% 15.0%
Papua New Guinea % 18.8% 19.8% 20.2% 10.8% 7.17%
Philippines % 13.9% 13.9% 14.6% 16.3% 18.0%
Singapore % 86.9% 91.1% 96.5% 104% 105%
Taiwan % ... ... ... ... ... ... ... ... ...
Vietnam % 15.3% 13.9% 14.3% 13.7% 13.8%