Taxes less subsidies on products in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products was 3.46 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
3.46 billion constant LCU
Change on year
down 0.7%
World rank
138th
of 189 countries
All-time high
3.49 billion constant LCU
in 2023
All-time low
7.40 million constant LCU
in 1960
Years of data
58
1960–2024
Taxes less subsidies on products in Papua New Guinea, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Papua New Guinea recorded 3.46 billion constant LCU for taxes less subsidies on products in 2024.
The figure is down 0.7% on the previous year and up 26.3% over ten years.
Over the whole period, taxes less subsidies on products in Papua New Guinea peaked at 3.49 billion constant LCU in 2023 and was at its lowest, 7.40 million constant LCU, in 1960.
Papua New Guinea ranks 138th of 189 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.
Taxes less subsidies on products in Papua New Guinea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 7.40 million constant LCU | — |
| 1961 | 7.65 million constant LCU | +3.3% |
| 1962 | 8.63 million constant LCU | +12.9% |
| 1963 | 9.62 million constant LCU | +11.4% |
| 1964 | 11.10 million constant LCU | +15.4% |
| 1965 | 13.57 million constant LCU | +22.2% |
| 1966 | 28.86 million constant LCU | +112.7% |
| 1967 | 37.25 million constant LCU | +29.1% |
| 1968 | 41.93 million constant LCU | +12.6% |
| 1969 | 56.98 million constant LCU | +35.9% |
| 1970 | 84.36 million constant LCU | +48.1% |
| 1971 | 104.09 million constant LCU | +23.4% |
| 1972 | 94.97 million constant LCU | -8.8% |
| 1973 | 69.07 million constant LCU | -27.3% |
| 1974 | 91.02 million constant LCU | +31.8% |
| 1975 | 130.49 million constant LCU | +43.4% |
| 1976 | 132.95 million constant LCU | +1.9% |
| 1977 | 171.43 million constant LCU | +28.9% |
| 1978 | 164.53 million constant LCU | -4.0% |
| 1979 | 159.10 million constant LCU | -3.3% |
| 1980 | 329.45 million constant LCU | +107.1% |
| 1981 | 343.11 million constant LCU | +4.1% |
| 1982 | 377.89 million constant LCU | +10.1% |
| 1983 | 374.69 million constant LCU | -0.8% |
| 1984 | 416.87 million constant LCU | +11.3% |
| 1985 | 424.27 million constant LCU | +1.8% |
| 1986 | 489.63 million constant LCU | +15.4% |
| 1987 | 536.25 million constant LCU | +9.5% |
| 1988 | 546.86 million constant LCU | +2.0% |
| 1989 | 636.65 million constant LCU | +16.4% |
| 1990 | 577.94 million constant LCU | -9.2% |
| 1997 | 451.40 million constant LCU | -21.9% |
| 1998 | 392.20 million constant LCU | -13.1% |
| 1999 | 429.70 million constant LCU | +9.6% |
| 2000 | 424.10 million constant LCU | -1.3% |
| 2001 | 438.60 million constant LCU | +3.4% |
| 2002 | 445.50 million constant LCU | +1.6% |
| 2003 | 400.40 million constant LCU | -10.1% |
| 2004 | 452.50 million constant LCU | +13.0% |
| 2006 | 1.16 billion constant LCU | +155.8% |
| 2007 | 1.40 billion constant LCU | +21.1% |
| 2008 | 1.31 billion constant LCU | -6.5% |
| 2009 | 1.31 billion constant LCU | +0.2% |
| 2010 | 1.39 billion constant LCU | +5.8% |
| 2011 | 1.12 billion constant LCU | -19.5% |
| 2012 | 1.65 billion constant LCU | +47.4% |
| 2013 | 1.77 billion constant LCU | +7.1% |
| 2014 | 2.74 billion constant LCU | +55.2% |
| 2015 | 2.46 billion constant LCU | -10.1% |
| 2016 | 2.17 billion constant LCU | -11.9% |
| 2017 | 2.60 billion constant LCU | +19.5% |
| 2018 | 2.70 billion constant LCU | +3.9% |
| 2019 | 2.83 billion constant LCU | +5.0% |
| 2020 | 2.55 billion constant LCU | -9.9% |
| 2021 | 2.82 billion constant LCU | +10.5% |
| 2022 | 2.90 billion constant LCU | +2.7% |
| 2023 | 3.49 billion constant LCU | +20.4% |
| 2024 | 3.46 billion constant LCU | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.30 million constant LCU | 7.40 million constant LCU | 56.98 million constant LCU | 10 |
| 1970s | 120.20 million constant LCU | 69.07 million constant LCU | 171.43 million constant LCU | 10 |
| 1980s | 447.57 million constant LCU | 329.45 million constant LCU | 636.65 million constant LCU | 10 |
| 1990s | 462.81 million constant LCU | 392.20 million constant LCU | 577.94 million constant LCU | 4 |
| 2000s | 815.95 million constant LCU | 400.40 million constant LCU | 1.40 billion constant LCU | 9 |
| 2010s | 2.14 billion constant LCU | 1.12 billion constant LCU | 2.83 billion constant LCU | 10 |
| 2020s | 3.04 billion constant LCU | 2.55 billion constant LCU | 3.49 billion constant LCU | 5 |
Countries ranked near Papua New Guinea
- 135 Zimbabwe 4.13 billion constant LCU compare
- 136 Estonia 3.92 billion constant LCU compare
- 137 Cyprus 3.74 billion constant LCU compare
- 139 El Salvador 3.40 billion constant LCU compare
- 140 Azerbaijan 2.75 billion constant LCU compare
- 141 Sierra Leone 2.39 billion constant LCU compare
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)
- Households and NPISHs Final consumption expenditure (current LCU) 4.77 % change on previous year (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1.66 current LCU per US$ of GDP (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1,029 current LCU per person (2004)
- Final consumption expenditure (current US$), annual growth rate 14.59 % change on previous year (2004)
- Final consumption expenditure (current US$), per unit of GDP 0.6675 current US$ per US$ of GDP (2004)
- Final consumption expenditure (current US$), per capita 414.27 current US$ per person (2004)
- Final consumption expenditure (current LCU), annual growth rate 3.88 % change on previous year (2004)
- Final consumption expenditure (current LCU), per unit of GDP 2.15 current LCU per US$ of GDP (2004)
Frequently asked questions
- What is taxes less subsidies on products in Papua New Guinea?
- Taxes less subsidies on products in Papua New Guinea was 3.46 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Papua New Guinea?
- The highest recorded value was 3.49 billion constant LCU in 2023.
- What is the lowest taxes less subsidies on products recorded in Papua New Guinea?
- The lowest recorded value was 7.40 million constant LCU in 1960.
- How does Papua New Guinea rank for taxes less subsidies on products?
- Papua New Guinea ranks 138th out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Papua New Guinea?
- Over the last ten years it is up 26.3%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.