Taxes less subsidies on products (current US$), per unit of GDP in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products (current US$), per unit of GDP was 0.0448 current US$ per US$ of GDP in 2024. ▼ Falling
Latest (2024)
0.0448 current US$ per US$ of GDP
Change on year
down 5.1%
World rank
151st
of 197 countries
All-time high
0.0925 current US$ per US$ of GDP
in 1987
All-time low
0.0244 current US$ per US$ of GDP
in 2011
Years of data
64
1960–2024
Taxes less subsidies on products (current US$), per unit of GDP in Papua New Guinea, 1960–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current us$), per unit of gdp in Papua New Guinea is 0.0448 current US$ per US$ of GDP, measured in 2024.
The figure is down 5.1% on the previous year and down 11.2% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Papua New Guinea peaked at 0.0925 current US$ per US$ of GDP in 1987 and was at its lowest, 0.0244 current US$ per US$ of GDP, in 2011.
That places Papua New Guinea 151st out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP in Papua New Guinea, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0248 current US$ per US$ of GDP | — |
| 1961 | 0.0252 current US$ per US$ of GDP | +1.5% |
| 1962 | 0.0262 current US$ per US$ of GDP | +4.0% |
| 1963 | 0.0284 current US$ per US$ of GDP | +8.6% |
| 1964 | 0.0301 current US$ per US$ of GDP | +5.9% |
| 1965 | 0.0335 current US$ per US$ of GDP | +11.4% |
| 1966 | 0.0381 current US$ per US$ of GDP | +13.7% |
| 1967 | 0.0403 current US$ per US$ of GDP | +5.8% |
| 1968 | 0.0411 current US$ per US$ of GDP | +1.9% |
| 1969 | 0.0443 current US$ per US$ of GDP | +7.8% |
| 1970 | 0.0494 current US$ per US$ of GDP | +11.6% |
| 1971 | 0.0527 current US$ per US$ of GDP | +6.6% |
| 1972 | 0.0495 current US$ per US$ of GDP | -6.1% |
| 1973 | 0.043 current US$ per US$ of GDP | -13.2% |
| 1974 | 0.047 current US$ per US$ of GDP | +9.3% |
| 1975 | 0.055 current US$ per US$ of GDP | +17.1% |
| 1976 | 0.0564 current US$ per US$ of GDP | +2.5% |
| 1977 | 0.0641 current US$ per US$ of GDP | +13.6% |
| 1978 | 0.06 current US$ per US$ of GDP | -6.3% |
| 1979 | 0.0584 current US$ per US$ of GDP | -2.8% |
| 1980 | 0.0644 current US$ per US$ of GDP | +10.3% |
| 1981 | 0.0682 current US$ per US$ of GDP | +5.8% |
| 1982 | 0.0768 current US$ per US$ of GDP | +12.7% |
| 1983 | 0.0709 current US$ per US$ of GDP | -7.7% |
| 1984 | 0.0781 current US$ per US$ of GDP | +10.2% |
| 1985 | 0.0783 current US$ per US$ of GDP | +0.2% |
| 1986 | 0.0892 current US$ per US$ of GDP | +14.0% |
| 1987 | 0.0925 current US$ per US$ of GDP | +3.6% |
| 1988 | 0.0893 current US$ per US$ of GDP | -3.4% |
| 1989 | 0.0667 current US$ per US$ of GDP | -25.4% |
| 1990 | 0.0611 current US$ per US$ of GDP | -8.4% |
| 1991 | 0.0557 current US$ per US$ of GDP | -8.7% |
| 1992 | 0.0464 current US$ per US$ of GDP | -16.8% |
| 1993 | 0.0402 current US$ per US$ of GDP | -13.4% |
| 1994 | 0.0444 current US$ per US$ of GDP | +10.4% |
| 1995 | 0.0472 current US$ per US$ of GDP | +6.5% |
| 1996 | 0.0499 current US$ per US$ of GDP | +5.7% |
| 1997 | 0.0523 current US$ per US$ of GDP | +4.7% |
| 1998 | 0.0503 current US$ per US$ of GDP | -3.9% |
| 1999 | 0.0523 current US$ per US$ of GDP | +4.1% |
| 2000 | 0.0505 current US$ per US$ of GDP | -3.5% |
| 2001 | 0.0512 current US$ per US$ of GDP | +1.4% |
| 2002 | 0.0491 current US$ per US$ of GDP | -4.1% |
| 2003 | 0.0427 current US$ per US$ of GDP | -13.1% |
| 2004 | 0.0484 current US$ per US$ of GDP | +13.4% |
| 2006 | 0.0307 current US$ per US$ of GDP | -36.5% |
| 2007 | 0.0339 current US$ per US$ of GDP | +10.3% |
| 2008 | 0.0315 current US$ per US$ of GDP | -7.0% |
| 2009 | 0.0332 current US$ per US$ of GDP | +5.4% |
| 2010 | 0.0308 current US$ per US$ of GDP | -7.3% |
| 2011 | 0.0244 current US$ per US$ of GDP | -20.7% |
| 2012 | 0.0355 current US$ per US$ of GDP | +45.5% |
| 2013 | 0.037 current US$ per US$ of GDP | +4.2% |
| 2014 | 0.0505 current US$ per US$ of GDP | +36.4% |
| 2015 | 0.0446 current US$ per US$ of GDP | -11.7% |
| 2016 | 0.0397 current US$ per US$ of GDP | -10.8% |
| 2017 | 0.0449 current US$ per US$ of GDP | +13.0% |
| 2018 | 0.0445 current US$ per US$ of GDP | -0.8% |
| 2019 | 0.0448 current US$ per US$ of GDP | +0.5% |
| 2020 | 0.0417 current US$ per US$ of GDP | -6.9% |
| 2021 | 0.0436 current US$ per US$ of GDP | +4.6% |
| 2022 | 0.0385 current US$ per US$ of GDP | -11.6% |
| 2023 | 0.0473 current US$ per US$ of GDP | +22.6% |
| 2024 | 0.0448 current US$ per US$ of GDP | -5.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.0448 current US$ per US$ of GDP is below the median for lower middle income countries, which is 0.069 current US$ per US$ of GDP, 65% of the median. (46 countries reporting)
- Papua New Guinea's 0.0448 current US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.0669 current US$ per US$ of GDP, 67% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0332 current US$ per US$ of GDP | 0.0248 current US$ per US$ of GDP | 0.0443 current US$ per US$ of GDP | 10 |
| 1970s | 0.0535 current US$ per US$ of GDP | 0.043 current US$ per US$ of GDP | 0.0641 current US$ per US$ of GDP | 10 |
| 1980s | 0.0774 current US$ per US$ of GDP | 0.0644 current US$ per US$ of GDP | 0.0925 current US$ per US$ of GDP | 10 |
| 1990s | 0.05 current US$ per US$ of GDP | 0.0402 current US$ per US$ of GDP | 0.0611 current US$ per US$ of GDP | 10 |
| 2000s | 0.0412 current US$ per US$ of GDP | 0.0307 current US$ per US$ of GDP | 0.0512 current US$ per US$ of GDP | 9 |
| 2010s | 0.0397 current US$ per US$ of GDP | 0.0244 current US$ per US$ of GDP | 0.0505 current US$ per US$ of GDP | 10 |
| 2020s | 0.0432 current US$ per US$ of GDP | 0.0385 current US$ per US$ of GDP | 0.0473 current US$ per US$ of GDP | 5 |
Countries ranked near Papua New Guinea
- 148 Algeria 0.0501 current US$ per US$ of GDP compare
- 149 Ireland 0.0489 current US$ per US$ of GDP compare
- 150 Guinea-Bissau 0.0456 current US$ per US$ of GDP compare
- 152 Uzbekistan 0.0441 current US$ per US$ of GDP compare
- 153 Indonesia 0.0425 current US$ per US$ of GDP compare
- 154 Marshall Islands 0.0423 current US$ 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Papua New Guinea?
- Taxes less subsidies on products (current us$), per unit of gdp in Papua New Guinea was 0.0448 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Papua New Guinea?
- The highest recorded value was 0.0925 current US$ per US$ of GDP in 1987.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.0244 current US$ per US$ of GDP in 2011.
- How does Papua New Guinea rank for taxes less subsidies on products (current us$), per unit of gdp?
- Papua New Guinea ranks 151st out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 11.2%. The long-run trend across the full record is falling.
- 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.