Taxes less subsidies on products in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products was 5.32 billion current LCU in 2024. ◆ Volatile
Latest (2024)
5.32 billion current LCU
Change on year
up 1.8%
World rank
146th
of 199 countries
All-time high
5.32 billion current LCU
in 2024
All-time low
5.10 million current LCU
in 1960
Years of data
64
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 current LCU.
Analysis
In 2024, taxes less subsidies on products in Papua New Guinea stood at 5.32 billion current LCU. That is the highest value across all 64 years on record.
That represents a change of up 1.8% on the previous year and up 84.5% over ten years.
Over the whole period, taxes less subsidies on products in Papua New Guinea peaked at 5.32 billion current LCU in 2024 and was at its lowest, 5.10 million current LCU, in 1960.
Papua New Guinea ranks 146th of 199 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 | current LCU | Change |
|---|---|---|
| 1960 | 5.10 million current LCU | — |
| 1961 | 5.50 million current LCU | +7.8% |
| 1962 | 6.10 million current LCU | +10.9% |
| 1963 | 7.00 million current LCU | +14.8% |
| 1964 | 8.20 million current LCU | +17.1% |
| 1965 | 10.30 million current LCU | +25.6% |
| 1966 | 13.30 million current LCU | +29.1% |
| 1967 | 15.90 million current LCU | +19.5% |
| 1968 | 17.80 million current LCU | +11.9% |
| 1969 | 21.80 million current LCU | +22.5% |
| 1970 | 28.50 million current LCU | +30.7% |
| 1971 | 33.40 million current LCU | +17.2% |
| 1972 | 35.50 million current LCU | +6.3% |
| 1973 | 39.30 million current LCU | +10.7% |
| 1974 | 48.00 million current LCU | +22.1% |
| 1975 | 57.00 million current LCU | +18.8% |
| 1976 | 67.60 million current LCU | +18.6% |
| 1977 | 83.20 million current LCU | +23.1% |
| 1978 | 82.90 million current LCU | -0.4% |
| 1979 | 95.30 million current LCU | +15.0% |
| 1980 | 110.00 million current LCU | +15.4% |
| 1981 | 114.60 million current LCU | +4.2% |
| 1982 | 134.40 million current LCU | +17.3% |
| 1983 | 151.90 million current LCU | +13.0% |
| 1984 | 179.20 million current LCU | +18.0% |
| 1985 | 189.70 million current LCU | +5.9% |
| 1986 | 229.50 million current LCU | +21.0% |
| 1987 | 263.90 million current LCU | +15.0% |
| 1988 | 283.20 million current LCU | +7.3% |
| 1989 | 203.00 million current LCU | -28.3% |
| 1990 | 187.90 million current LCU | -7.4% |
| 1991 | 201.00 million current LCU | +7.0% |
| 1992 | 195.90 million current LCU | -2.5% |
| 1993 | 195.50 million current LCU | -0.2% |
| 1994 | 245.30 million current LCU | +25.5% |
| 1995 | 292.50 million current LCU | +19.2% |
| 1996 | 339.20 million current LCU | +16.0% |
| 1997 | 370.20 million current LCU | +9.1% |
| 1998 | 392.20 million current LCU | +5.9% |
| 1999 | 461.80 million current LCU | +17.7% |
| 2000 | 491.40 million current LCU | +6.4% |
| 2001 | 532.00 million current LCU | +8.3% |
| 2002 | 572.10 million current LCU | +7.5% |
| 2003 | 536.10 million current LCU | -6.3% |
| 2004 | 611.80 million current LCU | +14.1% |
| 2006 | 784.30 million current LCU | +28.2% |
| 2007 | 958.50 million current LCU | +22.2% |
| 2008 | 992.70 million current LCU | +3.6% |
| 2009 | 1.06 billion current LCU | +7.1% |
| 2010 | 1.19 billion current LCU | +12.2% |
| 2011 | 1.04 billion current LCU | -12.8% |
| 2012 | 1.58 billion current LCU | +51.4% |
| 2013 | 1.77 billion current LCU | +12.1% |
| 2014 | 2.88 billion current LCU | +63.3% |
| 2015 | 2.68 billion current LCU | -7.1% |
| 2016 | 2.58 billion current LCU | -3.6% |
| 2017 | 3.26 billion current LCU | +26.0% |
| 2018 | 3.54 billion current LCU | +8.7% |
| 2019 | 3.75 billion current LCU | +6.1% |
| 2020 | 3.44 billion current LCU | -8.4% |
| 2021 | 3.99 billion current LCU | +16.2% |
| 2022 | 4.29 billion current LCU | +7.5% |
| 2023 | 5.23 billion current LCU | +21.7% |
| 2024 | 5.32 billion current LCU | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.10 million current LCU | 5.10 million current LCU | 21.80 million current LCU | 10 |
| 1970s | 57.07 million current LCU | 28.50 million current LCU | 95.30 million current LCU | 10 |
| 1980s | 185.94 million current LCU | 110.00 million current LCU | 283.20 million current LCU | 10 |
| 1990s | 288.15 million current LCU | 187.90 million current LCU | 461.80 million current LCU | 10 |
| 2000s | 726.90 million current LCU | 491.40 million current LCU | 1.06 billion current LCU | 9 |
| 2010s | 2.43 billion current LCU | 1.04 billion current LCU | 3.75 billion current LCU | 10 |
| 2020s | 4.45 billion current LCU | 3.44 billion current LCU | 5.32 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 143 Latvia 5.62 billion current LCU compare
- 144 Sierra Leone 5.35 billion current LCU compare
- 145 Estonia 5.33 billion current LCU compare
- 147 Seychelles 5.31 billion current LCU compare
- 148 Jordan 4.51 billion current LCU compare
- 149 El Salvador 4.49 billion current 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)
- Exports of goods and services (current LCU), annual growth rate 4.66 % change on previous year (2004)
- Exports of goods and services (current LCU), per unit of GDP 2.32 current LCU per US$ of GDP (2004)
- Exports of goods and services (current LCU), per capita 1,443 current LCU per person (2004)
- Gross fixed capital formation (current US$), annual growth rate 10.94 % change on previous year (2004)
- Gross fixed capital formation (current US$), per unit of GDP 0.1813 current US$ per US$ of GDP (2004)
- Gross fixed capital formation (current US$), per capita 112.54 current US$ per person (2004)
- Gross fixed capital formation (current LCU), per unit of GDP 0.5842 current LCU per US$ of GDP (2004)
- Gross fixed capital formation (current LCU), per capita 362.56 current LCU per person (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 5.32 billion current 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 5.32 billion current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Papua New Guinea?
- The lowest recorded value was 5.10 million current LCU in 1960.
- How does Papua New Guinea rank for taxes less subsidies on products?
- Papua New Guinea ranks 146th out of 199 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 84.5%. 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 (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.