Adjusted savings: education expenditure in Papua New Guinea
Papua New Guinea: Adjusted savings: education expenditure was 1.76 billion current US$ in 2021. ◆ Volatile
Latest (2021)
1.76 billion current US$
Change on year
up 8.2%
World rank
87th
of 195 countries
All-time high
1.76 billion current US$
in 2021
All-time low
36.69 million current US$
in 1972
Years of data
52
1970–2021
Adjusted savings: education expenditure in Papua New Guinea, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2021, adjusted savings: education expenditure in Papua New Guinea stood at 1.76 billion current US$. That is the highest value across all 52 years on record.
The figure is up 8.2% on the previous year and up 56.7% over ten years.
Over the whole period, adjusted savings: education expenditure in Papua New Guinea peaked at 1.76 billion current US$ in 2021 and was at its lowest, 36.69 million current US$, in 1972.
Papua New Guinea ranks 87th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: education expenditure in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 39.30 million current US$ | — |
| 1971 | 42.86 million current US$ | +9.1% |
| 1972 | 36.69 million current US$ | -14.4% |
| 1973 | 76.42 million current US$ | +108.3% |
| 1974 | 85.37 million current US$ | +11.7% |
| 1975 | 80.64 million current US$ | -5.5% |
| 1976 | 90.58 million current US$ | +12.3% |
| 1977 | 110.89 million current US$ | +22.4% |
| 1978 | 132.52 million current US$ | +19.5% |
| 1979 | 154.58 million current US$ | +16.6% |
| 1980 | 171.55 million current US$ | +11.0% |
| 1981 | 166.35 million current US$ | -3.0% |
| 1982 | 155.20 million current US$ | -6.7% |
| 1983 | 166.97 million current US$ | +7.6% |
| 1984 | 170.53 million current US$ | +2.1% |
| 1985 | 161.09 million current US$ | -5.5% |
| 1986 | 177.59 million current US$ | +10.2% |
| 1987 | 207.01 million current US$ | +16.6% |
| 1988 | 242.55 million current US$ | +17.2% |
| 1989 | 235.47 million current US$ | -2.9% |
| 1990 | 213.65 million current US$ | -9.3% |
| 1991 | 252.78 million current US$ | +18.3% |
| 1992 | 274.57 million current US$ | +8.6% |
| 1993 | 313.32 million current US$ | +14.1% |
| 1994 | 351.73 million current US$ | +12.3% |
| 1995 | 301.53 million current US$ | -14.3% |
| 1996 | 323.91 million current US$ | +7.4% |
| 1997 | 318.29 million current US$ | -1.7% |
| 1998 | 243.13 million current US$ | -23.6% |
| 1999 | 220.23 million current US$ | -9.4% |
| 2000 | 227.89 million current US$ | +3.5% |
| 2001 | 195.38 million current US$ | -14.3% |
| 2002 | 191.38 million current US$ | -2.0% |
| 2003 | 215.95 million current US$ | +12.8% |
| 2004 | 245.57 million current US$ | +13.7% |
| 2005 | 312.40 million current US$ | +27.2% |
| 2006 | 519.62 million current US$ | +66.3% |
| 2007 | 608.92 million current US$ | +17.2% |
| 2008 | 760.85 million current US$ | +24.9% |
| 2009 | 742.72 million current US$ | -2.4% |
| 2010 | 909.59 million current US$ | +22.5% |
| 2011 | 1.12 billion current US$ | +23.4% |
| 2012 | 1.39 billion current US$ | +24.1% |
| 2013 | 1.35 billion current US$ | -3.3% |
| 2014 | 1.57 billion current US$ | +16.7% |
| 2015 | 1.47 billion current US$ | -6.5% |
| 2016 | 1.42 billion current US$ | -3.7% |
| 2017 | 1.54 billion current US$ | +8.6% |
| 2018 | 1.62 billion current US$ | +5.4% |
| 2019 | 1.64 billion current US$ | +0.9% |
| 2020 | 1.63 billion current US$ | -0.5% |
| 2021 | 1.76 billion current US$ | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 84.98 million current US$ | 36.69 million current US$ | 154.58 million current US$ | 10 |
| 1980s | 185.43 million current US$ | 155.20 million current US$ | 242.55 million current US$ | 10 |
| 1990s | 281.31 million current US$ | 213.65 million current US$ | 351.73 million current US$ | 10 |
| 2000s | 402.07 million current US$ | 191.38 million current US$ | 760.85 million current US$ | 10 |
| 2010s | 1.40 billion current US$ | 909.59 million current US$ | 1.64 billion current US$ | 10 |
| 2020s | 1.69 billion current US$ | 1.63 billion current US$ | 1.76 billion current US$ | 2 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.68 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,718 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8374 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,439 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 2.23 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: education expenditure in Papua New Guinea?
- Adjusted savings: education expenditure in Papua New Guinea was 1.76 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Papua New Guinea?
- The highest recorded value was 1.76 billion current US$ in 2021.
- What is the lowest adjusted savings: education expenditure recorded in Papua New Guinea?
- The lowest recorded value was 36.69 million current US$ in 1972.
- How does Papua New Guinea rank for adjusted savings: education expenditure?
- Papua New Guinea ranks 87th out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Papua New Guinea?
- Over the last ten years it is up 56.7%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.