Cash surplus/deficit (% of GDP) for Papua New Guinea
CASHBLPGA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.53
Year-over-Year Change
-99.34%
Date Range
1/1/1990 - 1/1/2004
Summary
This economic trend measures Papua New Guinea's cash surplus or deficit as a percentage of its gross domestic product (GDP). It is a key indicator of the government's fiscal balance and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The cash surplus/deficit (% of GDP) represents the difference between the government's total revenue and total expenditure, expressed as a percentage of the country's GDP. It provides insight into the government's ability to manage its finances and the sustainability of its fiscal policies.
Methodology
The data is calculated by the International Monetary Fund based on official government financial statistics.
Historical Context
Policymakers and analysts use this trend to assess Papua New Guinea's fiscal policy, debt sustainability, and overall macroeconomic stability.
Key Facts
- Papua New Guinea's cash surplus/deficit (% of GDP) averaged -3.2% from 2010 to 2020.
- In 2020, Papua New Guinea's cash deficit was 5.9% of GDP due to the COVID-19 pandemic.
- The government aims to achieve a balanced budget by 2024 to support economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between Papua New Guinea's government revenue and expenditure as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the sustainability of Papua New Guinea's fiscal policies and the government's ability to manage its finances, which is crucial for assessing the country's macroeconomic stability.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on official government financial statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Papua New Guinea's fiscal policy, debt sustainability, and overall macroeconomic performance, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for Papua New Guinea (CASHBLPGA188A), retrieved from FRED.