Total Expenditure (central government) — Value Standard Local Currency in Papua New Guinea
Papua New Guinea: Total Expenditure (central government) — Value Standard Local Currency was 24,615 million SLC in 2023. ◆ Volatile
Total Expenditure (central government) — Value Standard Local Currency in Papua New Guinea, 2001–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total expenditure (central government) — value standard local currency in Papua New Guinea is 24,615 million SLC, measured in 2023. That is the highest value across all 23 years on record.
That represents a change of up 0.9% on the previous year and up 128.7% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in Papua New Guinea peaked at 24,615 million SLC in 2023 and was at its lowest, 2,656 million SLC, in 2003.
That places Papua New Guinea 129th out of 174 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total Expenditure (central government) — Value Standard Local Currency in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 2,968 million SLC | — |
| 2002 | 3,052 million SLC | +2.8% |
| 2003 | 2,656 million SLC | -13.0% |
| 2004 | 3,138 million SLC | +18.1% |
| 2005 | 5,316 million SLC | +69.4% |
| 2006 | 4,099 million SLC | -22.9% |
| 2007 | 6,303 million SLC | +53.8% |
| 2008 | 6,921 million SLC | +9.8% |
| 2009 | 6,238 million SLC | -9.9% |
| 2010 | 6,237 million SLC | -0.0% |
| 2011 | 10,508 million SLC | +68.5% |
| 2012 | 7,619 million SLC | -27.5% |
| 2013 | 10,761 million SLC | +41.2% |
| 2014 | 11,614 million SLC | +7.9% |
| 2015 | 12,272 million SLC | +5.7% |
| 2016 | 10,708 million SLC | -12.7% |
| 2017 | 13,320 million SLC | +24.4% |
| 2018 | 16,134 million SLC | +21.1% |
| 2019 | 18,038 million SLC | +11.8% |
| 2020 | 19,398 million SLC | +7.5% |
| 2021 | 20,131 million SLC | +3.8% |
| 2022 | 24,390 million SLC | +21.2% |
| 2023 | 24,615 million SLC | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4,521 million SLC | 2,656 million SLC | 6,921 million SLC | 9 |
| 2010s | 11,721 million SLC | 6,237 million SLC | 18,038 million SLC | 10 |
| 2020s | 22,133 million SLC | 19,398 million SLC | 24,615 million SLC | 4 |
Countries ranked near Papua New Guinea
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 total expenditure (central government) — value standard local currency in Papua New Guinea?
- Total expenditure (central government) — value standard local currency in Papua New Guinea was 24,615 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in Papua New Guinea?
- The highest recorded value was 24,615 million SLC in 2023.
- What is the lowest total expenditure (central government) — value standard local currency recorded in Papua New Guinea?
- The lowest recorded value was 2,656 million SLC in 2003.
- How does Papua New Guinea rank for total expenditure (central government) — value standard local currency?
- Papua New Guinea ranks 129th out of 174 countries with data for 2023.
- Is total expenditure (central government) — value standard local currency rising or falling in Papua New Guinea?
- Over the last ten years it is up 128.7%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.