Taxes less subsidies on products (current LCU), per unit of GDP in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products (current LCU), per unit of GDP was 0.1727 current LCU per US$ of GDP in 2024. ◆ Volatile
Latest (2024)
0.1727 current LCU per US$ of GDP
Change on year
up 1.8%
World rank
137th
of 197 countries
All-time high
0.1907 current LCU per US$ of GDP
in 2002
All-time low
0.0221 current LCU per US$ of GDP
in 1960
Years of data
64
1960–2024
Taxes less subsidies on products (current LCU), per unit of GDP in Papua New Guinea, 1960–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Papua New Guinea is 0.1727 current LCU per US$ of GDP, measured in 2024.
The figure is up 1.8% on the previous year and up 39.0% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Papua New Guinea peaked at 0.1907 current LCU per US$ of GDP in 2002 and was at its lowest, 0.0221 current LCU per US$ of GDP, in 1960.
Papua New Guinea ranks 137th of 197 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 (current LCU), per unit of GDP in Papua New Guinea, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0221 current LCU per US$ of GDP | — |
| 1961 | 0.0225 current LCU per US$ of GDP | +1.5% |
| 1962 | 0.0234 current LCU per US$ of GDP | +4.0% |
| 1963 | 0.0254 current LCU per US$ of GDP | +8.6% |
| 1964 | 0.0269 current LCU per US$ of GDP | +5.9% |
| 1965 | 0.0299 current LCU per US$ of GDP | +11.4% |
| 1966 | 0.034 current LCU per US$ of GDP | +13.7% |
| 1967 | 0.036 current LCU per US$ of GDP | +5.8% |
| 1968 | 0.0367 current LCU per US$ of GDP | +1.9% |
| 1969 | 0.0395 current LCU per US$ of GDP | +7.8% |
| 1970 | 0.0441 current LCU per US$ of GDP | +11.6% |
| 1971 | 0.0465 current LCU per US$ of GDP | +5.4% |
| 1972 | 0.0413 current LCU per US$ of GDP | -11.2% |
| 1973 | 0.0303 current LCU per US$ of GDP | -26.8% |
| 1974 | 0.0327 current LCU per US$ of GDP | +8.1% |
| 1975 | 0.042 current LCU per US$ of GDP | +28.5% |
| 1976 | 0.0447 current LCU per US$ of GDP | +6.4% |
| 1977 | 0.0507 current LCU per US$ of GDP | +13.4% |
| 1978 | 0.0426 current LCU per US$ of GDP | -16.1% |
| 1979 | 0.0415 current LCU per US$ of GDP | -2.4% |
| 1980 | 0.0432 current LCU per US$ of GDP | +4.0% |
| 1981 | 0.0459 current LCU per US$ of GDP | +6.2% |
| 1982 | 0.0567 current LCU per US$ of GDP | +23.7% |
| 1983 | 0.0593 current LCU per US$ of GDP | +4.5% |
| 1984 | 0.0702 current LCU per US$ of GDP | +18.4% |
| 1985 | 0.0783 current LCU per US$ of GDP | +11.5% |
| 1986 | 0.0867 current LCU per US$ of GDP | +10.7% |
| 1987 | 0.0839 current LCU per US$ of GDP | -3.1% |
| 1988 | 0.0775 current LCU per US$ of GDP | -7.7% |
| 1989 | 0.0572 current LCU per US$ of GDP | -26.1% |
| 1990 | 0.0584 current LCU per US$ of GDP | +2.0% |
| 1991 | 0.0531 current LCU per US$ of GDP | -9.1% |
| 1992 | 0.0447 current LCU per US$ of GDP | -15.7% |
| 1993 | 0.0393 current LCU per US$ of GDP | -12.2% |
| 1994 | 0.0446 current LCU per US$ of GDP | +13.4% |
| 1995 | 0.0631 current LCU per US$ of GDP | +41.5% |
| 1996 | 0.0658 current LCU per US$ of GDP | +4.3% |
| 1997 | 0.075 current LCU per US$ of GDP | +14.0% |
| 1998 | 0.1035 current LCU per US$ of GDP | +38.0% |
| 1999 | 0.1328 current LCU per US$ of GDP | +28.3% |
| 2000 | 0.1395 current LCU per US$ of GDP | +5.1% |
| 2001 | 0.1727 current LCU per US$ of GDP | +23.7% |
| 2002 | 0.1907 current LCU per US$ of GDP | +10.5% |
| 2003 | 0.1516 current LCU per US$ of GDP | -20.5% |
| 2004 | 0.1558 current LCU per US$ of GDP | +2.8% |
| 2006 | 0.0939 current LCU per US$ of GDP | -39.7% |
| 2007 | 0.1004 current LCU per US$ of GDP | +7.0% |
| 2008 | 0.0851 current LCU per US$ of GDP | -15.3% |
| 2009 | 0.0915 current LCU per US$ of GDP | +7.6% |
| 2010 | 0.0837 current LCU per US$ of GDP | -8.5% |
| 2011 | 0.0579 current LCU per US$ of GDP | -30.9% |
| 2012 | 0.074 current LCU per US$ of GDP | +27.8% |
| 2013 | 0.0831 current LCU per US$ of GDP | +12.3% |
| 2014 | 0.1242 current LCU per US$ of GDP | +49.6% |
| 2015 | 0.1234 current LCU per US$ of GDP | -0.7% |
| 2016 | 0.1245 current LCU per US$ of GDP | +0.9% |
| 2017 | 0.1431 current LCU per US$ of GDP | +15.0% |
| 2018 | 0.1467 current LCU per US$ of GDP | +2.5% |
| 2019 | 0.1516 current LCU per US$ of GDP | +3.4% |
| 2020 | 0.1442 current LCU per US$ of GDP | -4.9% |
| 2021 | 0.1529 current LCU per US$ of GDP | +6.1% |
| 2022 | 0.1356 current LCU per US$ of GDP | -11.3% |
| 2023 | 0.1696 current LCU per US$ of GDP | +25.0% |
| 2024 | 0.1727 current LCU per US$ of GDP | +1.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.1727 current LCU per US$ of GDP is below the median for lower middle income countries, which is 3.66 current LCU per US$ of GDP, 5% of the median. (46 countries reporting)
- Papua New Guinea's 0.1727 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.2038 current LCU per US$ of GDP, 85% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0296 current LCU per US$ of GDP | 0.0221 current LCU per US$ of GDP | 0.0395 current LCU per US$ of GDP | 10 |
| 1970s | 0.0417 current LCU per US$ of GDP | 0.0303 current LCU per US$ of GDP | 0.0507 current LCU per US$ of GDP | 10 |
| 1980s | 0.0659 current LCU per US$ of GDP | 0.0432 current LCU per US$ of GDP | 0.0867 current LCU per US$ of GDP | 10 |
| 1990s | 0.068 current LCU per US$ of GDP | 0.0393 current LCU per US$ of GDP | 0.1328 current LCU per US$ of GDP | 10 |
| 2000s | 0.1312 current LCU per US$ of GDP | 0.0851 current LCU per US$ of GDP | 0.1907 current LCU per US$ of GDP | 9 |
| 2010s | 0.1112 current LCU per US$ of GDP | 0.0579 current LCU per US$ of GDP | 0.1516 current LCU per US$ of GDP | 10 |
| 2020s | 0.155 current LCU per US$ of GDP | 0.1356 current LCU per US$ of GDP | 0.1727 current LCU per US$ of GDP | 5 |
Countries ranked near Papua New Guinea
- 134 Kosovo 0.1901 current LCU per US$ of GDP compare
- 135 Palestine, State of 0.1802 current LCU per US$ of GDP compare
- 136 Turks and Caicos Islands 0.1768 current LCU per US$ of GDP compare
- 138 Solomon Islands 0.1682 current LCU per US$ of GDP compare
- 139 Azerbaijan 0.1633 current LCU per US$ of GDP compare
- 140 Croatia 0.153 current LCU per US$ of GDP 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Papua New Guinea?
- Taxes less subsidies on products (current lcu), per unit of gdp in Papua New Guinea was 0.1727 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Papua New Guinea?
- The highest recorded value was 0.1907 current LCU per US$ of GDP in 2002.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.0221 current LCU per US$ of GDP in 1960.
- How does Papua New Guinea rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Papua New Guinea ranks 137th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is up 39.0%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.