Expense in Papua New Guinea
Papua New Guinea: Expense was 22.48 billion current LCU in 2023. ◆ Volatile
Expense in Papua New Guinea, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Papua New Guinea is 22.48 billion current LCU, measured in 2023. That is the highest value across all 23 years on record.
The figure is up 3.8% on the previous year and up 80.9% over ten years.
Over the whole period, expense in Papua New Guinea peaked at 22.48 billion current LCU in 2023 and was at its lowest, 958.29 million current LCU, in 1990.
That places Papua New Guinea 122nd out of 157 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.59 billion current LCU | 958.29 million current LCU | 2.59 billion current LCU | 10 |
| 2000s | 2.77 billion current LCU | 2.58 billion current LCU | 2.93 billion current LCU | 3 |
| 2010s | 13.19 billion current LCU | 11.96 billion current LCU | 16.05 billion current LCU | 6 |
| 2020s | 19.89 billion current LCU | 17.24 billion current LCU | 22.48 billion current LCU | 4 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Tax revenue 15.5% (2024)
- Taxes on income, profits and capital gains 59.4% (2024)
- Taxes on goods and services 25.5% (2024)
- Net investment in nonfinancial assets 2.0% (2024)
- Net lending (+) / net borrowing (-) -3.3% (2024)
- Interest payments 14.2% (2024)
- Grants and other revenue 11.4% (2024)
- Interest payments 12.3% (2023)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is expense in Papua New Guinea?
- Expense in Papua New Guinea was 22.48 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Papua New Guinea?
- The highest recorded value was 22.48 billion current LCU in 2023.
- What is the lowest expense recorded in Papua New Guinea?
- The lowest recorded value was 958.29 million current LCU in 1990.
- How does Papua New Guinea rank for expense?
- Papua New Guinea ranks 122nd out of 157 countries with data for 2023.
- Is expense rising or falling in Papua New Guinea?
- Over the last ten years it is up 80.9%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. 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.