Subsidies and other transfers in Papua New Guinea
Papua New Guinea: Subsidies and other transfers was 53.1% in 2023. ▲ Rising
Subsidies and other transfers in Papua New Guinea, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Papua New Guinea recorded 53.1% for subsidies and other transfers in 2023.
Compared with earlier readings it is up 20.5% on the previous year and down 3.8% over ten years.
Over the whole period, subsidies and other transfers in Papua New Guinea peaked at 55.2% in 2014 and was at its lowest, 16.4%, in 2002.
That places Papua New Guinea 41st out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Subsidies and other transfers in Papua New Guinea, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 19.6% | — |
| 1991 | 25.1% | +28.3% |
| 1992 | 20.6% | -17.9% |
| 1993 | 20.0% | -3.2% |
| 1994 | 33.9% | +69.7% |
| 1995 | 25.5% | -24.8% |
| 1996 | 20.3% | -20.3% |
| 1997 | 22.6% | +11.2% |
| 1998 | 29.0% | +28.4% |
| 1999 | 25.3% | -12.7% |
| 2000 | 24.0% | -5.4% |
| 2001 | 22.1% | -7.8% |
| 2002 | 16.4% | -25.8% |
| 2014 | 55.2% | +236.7% |
| 2015 | 50.7% | -8.2% |
| 2016 | 48.0% | -5.3% |
| 2017 | 41.7% | -13.1% |
| 2018 | 42.0% | +0.7% |
| 2019 | 37.9% | -9.8% |
| 2020 | 46.6% | +23.2% |
| 2021 | 44.6% | -4.5% |
| 2022 | 44.1% | -1.0% |
| 2023 | 53.1% | +20.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.2% | 19.6% | 33.9% | 10 |
| 2000s | 20.8% | 16.4% | 24.0% | 3 |
| 2010s | 45.9% | 37.9% | 55.2% | 6 |
| 2020s | 47.1% | 44.1% | 53.1% | 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)
- 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 subsidies and other transfers in Papua New Guinea?
- Subsidies and other transfers in Papua New Guinea was 53.1% in 2023, 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 55.2% in 2014.
- What is the lowest subsidies and other transfers recorded in Papua New Guinea?
- The lowest recorded value was 16.4% in 2002.
- How does Papua New Guinea rank for subsidies and other transfers?
- Papua New Guinea ranks 41st out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Papua New Guinea?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is rising.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.