FinObservatory

Remittances

Papua New Guinea

Personal remittance receipts of $3.9M in 2024, 0.01% of GDP, from 49 annual observations starting in 1976.

Received, 2024
$3.9M
Share of GDP, 2024
0.01%
Rank in 2024
159th of 160
Net, 2024
-$79.8M
Years of receipts
49

Received and paid, US$ billion

0.00.20.40.619801990200020102020PaidReceived

Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Gross flows in current US dollars. A gap in a line is a year with no observation, not a zero. Methodology

Receipts as a share of GDP

The highest reading in the series is 0.92% in 1976.

0.0%0.3%0.5%0.8%1.0%19801990200020102020% of GDP

Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ | World Bank WDI: GDP, current US$ (NY.GDP.MKTP.CD) Both series are current US dollars from the same WDI vintage; the share moves with the dollar GDP denominator as well as with the inflow. Methodology

Where the money is modelled to come from, 2021

The corridor matrix is a model, not a measurement

The 10,229 corridors in this matrix (212 sending economies, 175 receiving) are not observed payments. The World Bank builds it by allocating each country’s total recorded receipts across origins using bilateral migrant stocks and origin-destination incomes. A corridor value is therefore an estimate produced by that allocation rule. The matrix exists for one year, 2021, and no other.

The matrix routes $2.0M into Papua New Guinea for 2021, from 34 origin countries. The five largest account for 97.7% of that total. The balance-of-payments series reports $3.1M of receipts for 2021, so the modelled total is 35.6% below it.

OriginModelled valueShare of modelled total
Australia$1.8M88.9%
New Zealand$77K3.9%
United Kingdom$69K3.5%
Solomon Islands$16K0.8%
Switzerland$14K0.7%
Canada$12K0.6%
Netherlands$7K0.4%
Austria$4K0.2%
South Africa$2K0.1%
Germany$2K0.1%

Source: World Bank / KNOMAD Bilateral Remittance Matrix | World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Every row is an allocation from migrant-stock and income data, not an observed payment. Methodology

Modelled outward corridors, 2021

The same matrix sends $52.7M out of Papua New Guinea across 20 corridors. These are modelled allocations too.

DestinationModelled value
Indonesia$23.3M
Australia$14.0M
Philippines$6.5M
United States$1.7M
Japan$1.7M

Source: World Bank / KNOMAD Bilateral Remittance Matrix Methodology

This page exists because Papua New Guinea has 49 annual receipt observations, at or above the 10-year minimum. Methodology | All receivers