Subsidies and other transfers in Papua New Guinea
Papua New Guinea: Subsidies and other transfers was 12.31 billion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, subsidies and other transfers in Papua New Guinea stood at 12.31 billion current LCU. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 79.3% over ten years.
Over the whole period, subsidies and other transfers in Papua New Guinea peaked at 12.31 billion current LCU in 2024 and was at its lowest, 187.88 million current LCU, in 1990.
Papua New Guinea ranks 114th of 153 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 389.19 million current LCU | 187.88 million current LCU | 655.62 million current LCU | 10 |
| 2000s | 580.41 million current LCU | 422.28 million current LCU | 700.66 million current LCU | 3 |
| 2010s | 5.99 billion current LCU | 5.01 billion current LCU | 6.86 billion current LCU | 6 |
| 2020s | 9.99 billion current LCU | 8.04 billion current LCU | 12.31 billion current LCU | 5 |
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 subsidies and other transfers in Papua New Guinea?
- Subsidies and other transfers in Papua New Guinea was 12.31 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Papua New Guinea?
- The highest recorded value was 12.31 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Papua New Guinea?
- The lowest recorded value was 187.88 million current LCU in 1990.
- How does Papua New Guinea rank for subsidies and other transfers?
- Papua New Guinea ranks 114th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Papua New Guinea?
- Over the last ten years it is up 79.3%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.