Revenue, excluding grants in Papua New Guinea
Papua New Guinea: Revenue, excluding grants was 16.6% in 2024. ▼ Falling
Revenue, excluding grants in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, revenue, excluding grants in Papua New Guinea stood at 16.6%.
Compared with earlier readings it is down 1.8% on the previous year and down 14.1% over ten years.
Over the whole period, revenue, excluding grants in Papua New Guinea peaked at 26.2% in 2001 and was at its lowest, 12.8%, in 2021.
Papua New Guinea ranks 122nd of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Revenue, excluding grants in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 25.2% | — |
| 1991 | 25.0% | -1.0% |
| 1992 | 21.8% | -12.8% |
| 1993 | 23.2% | +6.4% |
| 1994 | 22.6% | -2.7% |
| 1995 | 22.7% | +0.6% |
| 1996 | 24.5% | +8.2% |
| 1997 | 25.2% | +2.6% |
| 1998 | 21.8% | -13.3% |
| 1999 | 22.9% | +4.8% |
| 2000 | 24.2% | +5.9% |
| 2001 | 26.2% | +8.2% |
| 2002 | 22.5% | -14.3% |
| 2014 | 19.3% | -14.2% |
| 2015 | 16.9% | -12.1% |
| 2016 | 13.9% | -17.8% |
| 2017 | 13.9% | -0.1% |
| 2018 | 15.4% | +10.9% |
| 2019 | 14.2% | -8.0% |
| 2020 | 12.9% | -8.9% |
| 2021 | 12.8% | -0.6% |
| 2022 | 15.3% | +19.2% |
| 2023 | 16.9% | +10.1% |
| 2024 | 16.6% | -1.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 16.6% is below the median for lower middle income countries, which is 19.7%, 84% of the median. (36 countries reporting)
- Papua New Guinea's 16.6% is below the median for East Asia & Pacific, which is 24.8%, 67% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.5% | 21.8% | 25.2% | 10 |
| 2000s | 24.3% | 22.5% | 26.2% | 3 |
| 2010s | 15.6% | 13.9% | 19.3% | 6 |
| 2020s | 14.9% | 12.8% | 16.9% | 5 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is revenue, excluding grants in Papua New Guinea?
- Revenue, excluding grants in Papua New Guinea was 16.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Papua New Guinea?
- The highest recorded value was 26.2% in 2001.
- What is the lowest revenue, excluding grants recorded in Papua New Guinea?
- The lowest recorded value was 12.8% in 2021.
- How does Papua New Guinea rank for revenue, excluding grants?
- Papua New Guinea ranks 122nd out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in Papua New Guinea?
- Over the last ten years it is down 14.1%. 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 Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.