Subsidies and other transfers (current LCU) in Papua New Guinea
Papua New Guinea: Subsidies and other transfers (current LCU) 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.
Subsidies and other transfers (current LCU) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 187.88 million current LCU | — |
| 1991 | 272.01 million current LCU | +44.8% |
| 1992 | 253.23 million current LCU | -6.9% |
| 1993 | 291.47 million current LCU | +15.1% |
| 1994 | 506.52 million current LCU | +73.8% |
| 1995 | 387.68 million current LCU | -23.5% |
| 1996 | 356.05 million current LCU | -8.2% |
| 1997 | 436.42 million current LCU | +22.6% |
| 1998 | 545.02 million current LCU | +24.9% |
| 1999 | 655.62 million current LCU | +20.3% |
| 2000 | 700.66 million current LCU | +6.9% |
| 2001 | 618.30 million current LCU | -11.8% |
| 2002 | 422.28 million current LCU | -31.7% |
| 2014 | 6.86 billion current LCU | +1525.0% |
| 2015 | 6.17 billion current LCU | -10.1% |
| 2016 | 5.74 billion current LCU | -6.9% |
| 2017 | 5.01 billion current LCU | -12.6% |
| 2018 | 6.10 billion current LCU | +21.7% |
| 2019 | 6.08 billion current LCU | -0.5% |
| 2020 | 8.04 billion current LCU | +32.4% |
| 2021 | 8.10 billion current LCU | +0.7% |
| 2022 | 9.56 billion current LCU | +18.0% |
| 2023 | 11.95 billion current LCU | +25.0% |
| 2024 | 12.31 billion current LCU | +3.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 12.31 billion current LCU is below the median for lower middle income countries, which is 144.76 billion current LCU, 9% of the median. (36 countries reporting)
- Papua New Guinea's 12.31 billion current LCU is below the median for East Asia & Pacific, which is 27.56 billion current LCU, 45% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (current LCU) in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +1525.0% | 422.28 million current LCU | 6.86 billion current LCU |
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
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.