Taxes less subsidies on products (current LCU), annual growth rate in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products (current LCU), annual growth rate was 1.78 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Papua New Guinea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded 1.78 % change on previous year for taxes less subsidies on products (current lcu), annual growth rate in 2024.
Compared with earlier readings it is down 91.8% on the previous year and down 97.2% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Papua New Guinea peaked at 63.3 % change on previous year in 2014 and was at its lowest, -28.32 % change on previous year, in 1989.
That places Papua New Guinea 166th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 7.84 % change on previous year | — |
| 1962 | 10.91 % change on previous year | +39.1% |
| 1963 | 14.75 % change on previous year | +35.2% |
| 1964 | 17.14 % change on previous year | +16.2% |
| 1965 | 25.61 % change on previous year | +49.4% |
| 1966 | 29.13 % change on previous year | +13.7% |
| 1967 | 19.55 % change on previous year | -32.9% |
| 1968 | 11.95 % change on previous year | -38.9% |
| 1969 | 22.47 % change on previous year | +88.1% |
| 1970 | 30.73 % change on previous year | +36.8% |
| 1971 | 17.19 % change on previous year | -44.1% |
| 1972 | 6.29 % change on previous year | -63.4% |
| 1973 | 10.7 % change on previous year | +70.2% |
| 1974 | 22.14 % change on previous year | +106.8% |
| 1975 | 18.75 % change on previous year | -15.3% |
| 1976 | 18.6 % change on previous year | -0.8% |
| 1977 | 23.08 % change on previous year | +24.1% |
| 1978 | -0.3606 % change on previous year | -101.6% |
| 1979 | 14.96 % change on previous year | -4248.3% |
| 1980 | 15.43 % change on previous year | +3.1% |
| 1981 | 4.18 % change on previous year | -72.9% |
| 1982 | 17.28 % change on previous year | +313.2% |
| 1983 | 13.02 % change on previous year | -24.6% |
| 1984 | 17.97 % change on previous year | +38.0% |
| 1985 | 5.86 % change on previous year | -67.4% |
| 1986 | 20.98 % change on previous year | +258.1% |
| 1987 | 14.99 % change on previous year | -28.6% |
| 1988 | 7.31 % change on previous year | -51.2% |
| 1989 | -28.32 % change on previous year | -487.2% |
| 1990 | -7.44 % change on previous year | -73.7% |
| 1991 | 6.97 % change on previous year | -193.7% |
| 1992 | -2.54 % change on previous year | -136.4% |
| 1993 | -0.2042 % change on previous year | -92.0% |
| 1994 | 25.47 % change on previous year | -12575.4% |
| 1995 | 19.24 % change on previous year | -24.5% |
| 1996 | 15.97 % change on previous year | -17.0% |
| 1997 | 9.14 % change on previous year | -42.8% |
| 1998 | 5.94 % change on previous year | -35.0% |
| 1999 | 17.75 % change on previous year | +198.6% |
| 2000 | 6.41 % change on previous year | -63.9% |
| 2001 | 8.26 % change on previous year | +28.9% |
| 2002 | 7.54 % change on previous year | -8.8% |
| 2003 | -6.29 % change on previous year | -183.5% |
| 2004 | 14.12 % change on previous year | -324.4% |
| 2007 | 22.21 % change on previous year | +57.3% |
| 2008 | 3.57 % change on previous year | -83.9% |
| 2009 | 7.1 % change on previous year | +99.0% |
| 2010 | 12.22 % change on previous year | +72.0% |
| 2011 | -12.77 % change on previous year | -204.5% |
| 2012 | 51.37 % change on previous year | -502.5% |
| 2013 | 12.09 % change on previous year | -76.5% |
| 2014 | 63.3 % change on previous year | +423.5% |
| 2015 | -7.06 % change on previous year | -111.2% |
| 2016 | -3.59 % change on previous year | -49.2% |
| 2017 | 25.97 % change on previous year | -824.2% |
| 2018 | 8.67 % change on previous year | -66.6% |
| 2019 | 6.1 % change on previous year | -29.6% |
| 2020 | -8.4 % change on previous year | -237.6% |
| 2021 | 16.15 % change on previous year | -292.4% |
| 2022 | 7.52 % change on previous year | -53.5% |
| 2023 | 21.74 % change on previous year | +189.2% |
| 2024 | 1.78 % change on previous year | -91.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.78 % change on previous year is below the median for lower middle income countries, which is 8.45 % change on previous year, 21% of the median. (46 countries reporting)
- Papua New Guinea's 1.78 % change on previous year is below the median for East Asia & Pacific, which is 3.57 % change on previous year, 50% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), annual growth rate in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +12575.4% | -0.2042 % change on previous year | 25.47 % change on previous year |
| 1979 | +4248.3% | -0.3606 % change on previous year | 14.96 % change on previous year |
| 2017 | +824.2% | -3.59 % change on previous year | 25.97 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.71 % change on previous year | 7.84 % change on previous year | 29.13 % change on previous year | 9 |
| 1970s | 16.21 % change on previous year | -0.3606 % change on previous year | 30.73 % change on previous year | 10 |
| 1980s | 8.87 % change on previous year | -28.32 % change on previous year | 20.98 % change on previous year | 10 |
| 1990s | 9.03 % change on previous year | -7.44 % change on previous year | 25.47 % change on previous year | 10 |
| 2000s | 7.86 % change on previous year | -6.29 % change on previous year | 22.21 % change on previous year | 8 |
| 2010s | 15.63 % change on previous year | -12.77 % change on previous year | 63.3 % change on previous year | 10 |
| 2020s | 7.76 % change on previous year | -8.4 % change on previous year | 21.74 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 163 Bahrain 2.59 % change on previous year compare
- 164 New Caledonia 2.13 % change on previous year compare
- 165 Korea 1.82 % change on previous year compare
- 167 Jamaica 1.76 % change on previous year compare
- 168 Cyprus 1.74 % change on previous year compare
- 169 Cayman Islands 1.4 % change on previous year 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)
- 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 taxes less subsidies on products (current lcu), annual growth rate in Papua New Guinea?
- Taxes less subsidies on products (current lcu), annual growth rate in Papua New Guinea was 1.78 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 63.3 % change on previous year in 2014.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -28.32 % change on previous year in 1989.
- How does Papua New Guinea rank for taxes less subsidies on products (current lcu), annual growth rate?
- Papua New Guinea ranks 166th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 97.2%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.