Expense in Papua New Guinea
Papua New Guinea: Expense was 20.3% in 2023. ▼ Falling
Expense in Papua New Guinea, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Papua New Guinea recorded 20.3% for expense in 2023.
That represents a change of up 4.5% on the previous year and down 6.6% over ten years.
Over the whole period, expense in Papua New Guinea peaked at 31.2% in 1990 and was at its lowest, 16.6%, in 2017.
That places Papua New Guinea 107th out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Expense in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 31.2% | — |
| 1991 | 30.0% | -3.7% |
| 1992 | 29.1% | -3.2% |
| 1993 | 30.0% | +3.2% |
| 1994 | 27.0% | -9.9% |
| 1995 | 24.5% | -9.2% |
| 1996 | 25.8% | +5.1% |
| 1997 | 27.3% | +5.8% |
| 1998 | 24.1% | -11.7% |
| 1999 | 29.3% | +21.8% |
| 2000 | 30.0% | +2.4% |
| 2001 | 26.9% | -10.4% |
| 2002 | 22.1% | -17.9% |
| 2014 | 21.8% | -1.6% |
| 2015 | 20.2% | -7.0% |
| 2016 | 18.4% | -9.1% |
| 2017 | 16.6% | -9.8% |
| 2018 | 18.3% | +10.4% |
| 2019 | 19.1% | +4.6% |
| 2020 | 20.9% | +9.2% |
| 2021 | 19.8% | -5.1% |
| 2022 | 19.4% | -1.9% |
| 2023 | 20.3% | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.8% | 24.1% | 31.2% | 10 |
| 2000s | 26.4% | 22.1% | 30.0% | 3 |
| 2010s | 19.1% | 16.6% | 21.8% | 6 |
| 2020s | 20.1% | 19.4% | 20.9% | 4 |
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)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.68 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.6558 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,910 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.09 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1513 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 440.79 constant 2015 US$ per person (2024)
Frequently asked questions
- What is expense in Papua New Guinea?
- Expense in Papua New Guinea was 20.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Papua New Guinea?
- The highest recorded value was 31.2% in 1990.
- What is the lowest expense recorded in Papua New Guinea?
- The lowest recorded value was 16.6% in 2017.
- How does Papua New Guinea rank for expense?
- Papua New Guinea ranks 107th out of 157 countries with data for 2023.
- Is expense rising or falling in Papua New Guinea?
- Over the last ten years it is down 6.6%. The long-run trend across the full record is falling.
- 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.