Compensation of employees in Papua New Guinea
Papua New Guinea: Compensation of employees was 2.33 billion current LCU in 2024. ◆ Volatile
Compensation of employees 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, compensation of employees in Papua New Guinea stood at 2.33 billion current LCU.
The figure is down 7.4% on the previous year and up 15.2% over ten years.
Over the whole period, compensation of employees in Papua New Guinea peaked at 3.13 billion current LCU in 2022 and was at its lowest, 332.32 million current LCU, in 1991.
That places Papua New Guinea 134th out of 156 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 366.43 million current LCU | — |
| 1991 | 332.32 million current LCU | -9.3% |
| 1992 | 449.90 million current LCU | +35.4% |
| 1993 | 463.34 million current LCU | +3.0% |
| 1994 | 542.90 million current LCU | +17.2% |
| 1995 | 551.17 million current LCU | +1.5% |
| 1996 | 501.09 million current LCU | -9.1% |
| 1997 | 595.14 million current LCU | +18.8% |
| 1998 | 768.15 million current LCU | +29.1% |
| 1999 | 805.58 million current LCU | +4.9% |
| 2000 | 731.45 million current LCU | -9.2% |
| 2001 | 736.02 million current LCU | +0.6% |
| 2002 | 715.36 million current LCU | -2.8% |
| 2014 | 2.03 billion current LCU | +183.1% |
| 2015 | 2.13 billion current LCU | +5.3% |
| 2016 | 2.39 billion current LCU | +12.2% |
| 2017 | 2.29 billion current LCU | -4.5% |
| 2018 | 2.68 billion current LCU | +17.1% |
| 2019 | 2.63 billion current LCU | -1.6% |
| 2020 | 2.67 billion current LCU | +1.5% |
| 2021 | 2.99 billion current LCU | +11.8% |
| 2022 | 3.13 billion current LCU | +4.9% |
| 2023 | 2.52 billion current LCU | -19.6% |
| 2024 | 2.33 billion current LCU | -7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 537.60 million current LCU | 332.32 million current LCU | 805.58 million current LCU | 10 |
| 2000s | 727.61 million current LCU | 715.36 million current LCU | 736.02 million current LCU | 3 |
| 2010s | 2.36 billion current LCU | 2.03 billion current LCU | 2.68 billion current LCU | 6 |
| 2020s | 2.73 billion current LCU | 2.33 billion current LCU | 3.13 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)
- Arms imports (SIPRI trend indicator values), per capita 0.8663 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 600 % change on previous year (1997)
- Arms imports (SIPRI trend indicator values), gaps filled 9.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 8.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.003 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -6.23 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.01 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.87 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Papua New Guinea?
- Compensation of employees in Papua New Guinea was 2.33 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Papua New Guinea?
- The highest recorded value was 3.13 billion current LCU in 2022.
- What is the lowest compensation of employees recorded in Papua New Guinea?
- The lowest recorded value was 332.32 million current LCU in 1991.
- How does Papua New Guinea rank for compensation of employees?
- Papua New Guinea ranks 134th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Papua New Guinea?
- Over the last ten years it is up 15.2%. 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 Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.