Taxes less subsidies on products in Papua New Guinea
Papua New Guinea: Taxes less subsidies on products was 1.38 billion current US$ in 2024. ◆ Volatile
Latest (2024)
1.38 billion current US$
Change on year
down 5.2%
World rank
121st
of 199 countries
All-time high
1.46 billion current US$
in 2023
All-time low
5.71 million current US$
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 US$.
Analysis
Papua New Guinea recorded 1.38 billion current US$ for taxes less subsidies on products in 2024.
The figure is down 5.2% on the previous year and up 17.9% over ten years.
Over the whole period, taxes less subsidies on products in Papua New Guinea peaked at 1.46 billion current US$ in 2023 and was at its lowest, 5.71 million current US$, in 1960.
Papua New Guinea ranks 121st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 5.71 million current US$ | — |
| 1961 | 6.16 million current US$ | +7.8% |
| 1962 | 6.83 million current US$ | +10.9% |
| 1963 | 7.84 million current US$ | +14.8% |
| 1964 | 9.18 million current US$ | +17.1% |
| 1965 | 11.54 million current US$ | +25.6% |
| 1966 | 14.90 million current US$ | +29.1% |
| 1967 | 17.81 million current US$ | +19.5% |
| 1968 | 19.94 million current US$ | +11.9% |
| 1969 | 24.42 million current US$ | +22.5% |
| 1970 | 31.92 million current US$ | +30.7% |
| 1971 | 37.84 million current US$ | +18.5% |
| 1972 | 42.51 million current US$ | +12.4% |
| 1973 | 55.81 million current US$ | +31.3% |
| 1974 | 68.90 million current US$ | +23.4% |
| 1975 | 74.62 million current US$ | +8.3% |
| 1976 | 85.27 million current US$ | +14.3% |
| 1977 | 105.13 million current US$ | +23.3% |
| 1978 | 116.94 million current US$ | +11.2% |
| 1979 | 133.89 million current US$ | +14.5% |
| 1980 | 163.95 million current US$ | +22.4% |
| 1981 | 170.29 million current US$ | +3.9% |
| 1982 | 182.00 million current US$ | +6.9% |
| 1983 | 181.67 million current US$ | -0.2% |
| 1984 | 199.43 million current US$ | +9.8% |
| 1985 | 189.64 million current US$ | -4.9% |
| 1986 | 236.25 million current US$ | +24.6% |
| 1987 | 290.67 million current US$ | +23.0% |
| 1988 | 326.62 million current US$ | +12.4% |
| 1989 | 236.38 million current US$ | -27.6% |
| 1990 | 196.67 million current US$ | -16.8% |
| 1991 | 211.13 million current US$ | +7.4% |
| 1992 | 203.09 million current US$ | -3.8% |
| 1993 | 199.82 million current US$ | -1.6% |
| 1994 | 244.08 million current US$ | +22.2% |
| 1995 | 218.90 million current US$ | -10.3% |
| 1996 | 257.36 million current US$ | +17.6% |
| 1997 | 258.14 million current US$ | +0.3% |
| 1998 | 190.45 million current US$ | -26.2% |
| 1999 | 181.88 million current US$ | -4.5% |
| 2000 | 177.73 million current US$ | -2.3% |
| 2001 | 157.66 million current US$ | -11.3% |
| 2002 | 147.23 million current US$ | -6.6% |
| 2003 | 150.86 million current US$ | +2.5% |
| 2004 | 189.90 million current US$ | +25.9% |
| 2006 | 256.58 million current US$ | +35.1% |
| 2007 | 323.23 million current US$ | +26.0% |
| 2008 | 367.65 million current US$ | +13.7% |
| 2009 | 385.90 million current US$ | +5.0% |
| 2010 | 438.75 million current US$ | +13.7% |
| 2011 | 438.98 million current US$ | +0.1% |
| 2012 | 756.13 million current US$ | +72.2% |
| 2013 | 786.81 million current US$ | +4.1% |
| 2014 | 1.17 billion current US$ | +48.9% |
| 2015 | 968.14 million current US$ | -17.4% |
| 2016 | 824.79 million current US$ | -14.8% |
| 2017 | 1.02 billion current US$ | +23.8% |
| 2018 | 1.07 billion current US$ | +5.2% |
| 2019 | 1.11 billion current US$ | +3.2% |
| 2020 | 993.65 million current US$ | -10.3% |
| 2021 | 1.14 billion current US$ | +14.5% |
| 2022 | 1.22 billion current US$ | +7.2% |
| 2023 | 1.46 billion current US$ | +19.4% |
| 2024 | 1.38 billion current US$ | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.43 million current US$ | 5.71 million current US$ | 24.42 million current US$ | 10 |
| 1970s | 75.28 million current US$ | 31.92 million current US$ | 133.89 million current US$ | 10 |
| 1980s | 217.69 million current US$ | 163.95 million current US$ | 326.62 million current US$ | 10 |
| 1990s | 216.15 million current US$ | 181.88 million current US$ | 258.14 million current US$ | 10 |
| 2000s | 239.64 million current US$ | 147.23 million current US$ | 385.90 million current US$ | 9 |
| 2010s | 858.80 million current US$ | 438.75 million current US$ | 1.17 billion current US$ | 10 |
| 2020s | 1.24 billion current US$ | 993.65 million current US$ | 1.46 billion current US$ | 5 |
Countries ranked near Papua New Guinea
- 118 Madagascar 1.48 billion current US$ compare
- 119 Turkmenistan 1.39 billion current US$ compare
- 120 Trinidad and Tobago 1.38 billion current US$ compare
- 122 Namibia 1.37 billion current US$ compare
- 123 Tajikistan 1.34 billion current US$ compare
- 124 Maldives 1.26 billion current US$ 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)
- Imports of goods and services (current US$), annual growth rate 21.1 % change on previous year (2004)
- Imports of goods and services (current US$), per unit of GDP 0.5892 current US$ per US$ of GDP (2004)
- Imports of goods and services (current US$), per capita 365.65 current US$ per person (2004)
- Imports of goods and services (current LCU), annual growth rate 9.78 % change on previous year (2004)
- Imports of goods and services (current LCU), per unit of GDP 1.9 current LCU per US$ of GDP (2004)
- Imports of goods and services (current LCU), per capita 1,178 current LCU per person (2004)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
Frequently asked questions
- What is taxes less subsidies on products in Papua New Guinea?
- Taxes less subsidies on products in Papua New Guinea was 1.38 billion current US$ 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 1.46 billion current US$ in 2023.
- What is the lowest taxes less subsidies on products recorded in Papua New Guinea?
- The lowest recorded value was 5.71 million current US$ in 1960.
- How does Papua New Guinea rank for taxes less subsidies on products?
- Papua New Guinea ranks 121st 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 17.9%. 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 US$). 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 indicator is expressed in United States dollars.