Tax revenue in Papua New Guinea
Papua New Guinea: Tax revenue was 18.45 billion current LCU in 2024. ◆ Volatile
Tax revenue 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, tax revenue in Papua New Guinea stood at 18.45 billion current LCU. That is the highest value across all 24 years on record.
The figure is up 4.7% on the previous year and up 80.3% over ten years.
Over the whole period, tax revenue in Papua New Guinea peaked at 18.45 billion current LCU in 2024 and was at its lowest, 617.50 million current LCU, in 1990.
Papua New Guinea ranks 116th of 157 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.
Tax revenue in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 617.50 million current LCU | — |
| 1991 | 639.40 million current LCU | +3.5% |
| 1992 | 772.14 million current LCU | +20.8% |
| 1993 | 966.82 million current LCU | +25.2% |
| 1994 | 1.14 billion current LCU | +17.8% |
| 1995 | 1.22 billion current LCU | +7.3% |
| 1996 | 1.53 billion current LCU | +24.9% |
| 1997 | 1.68 billion current LCU | +10.0% |
| 1998 | 1.60 billion current LCU | -4.8% |
| 1999 | 1.92 billion current LCU | +20.4% |
| 2000 | 1.85 billion current LCU | -4.0% |
| 2001 | 2.57 billion current LCU | +39.0% |
| 2002 | 2.45 billion current LCU | -4.6% |
| 2014 | 10.23 billion current LCU | +317.8% |
| 2015 | 9.16 billion current LCU | -10.5% |
| 2016 | 8.42 billion current LCU | -8.0% |
| 2017 | 9.14 billion current LCU | +8.5% |
| 2018 | 10.48 billion current LCU | +14.6% |
| 2019 | 10.92 billion current LCU | +4.2% |
| 2020 | 9.80 billion current LCU | -10.2% |
| 2021 | 11.13 billion current LCU | +13.5% |
| 2022 | 16.45 billion current LCU | +47.8% |
| 2023 | 17.63 billion current LCU | +7.1% |
| 2024 | 18.45 billion current LCU | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.21 billion current LCU | 617.50 million current LCU | 1.92 billion current LCU | 10 |
| 2000s | 2.29 billion current LCU | 1.85 billion current LCU | 2.57 billion current LCU | 3 |
| 2010s | 9.72 billion current LCU | 8.42 billion current LCU | 10.92 billion current LCU | 6 |
| 2020s | 14.69 billion current LCU | 9.80 billion current LCU | 18.45 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 113 Bhutan 22.37 billion current LCU compare
- 114 Azerbaijan 21.89 billion current LCU compare
- 115 Bulgaria 21.66 billion current LCU compare
- 117 Bolivia, Plurinational State of 17.48 billion current LCU compare
- 118 Eswatini 17.30 billion current LCU compare
- 119 Lithuania 17.28 billion current LCU compare
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 tax revenue in Papua New Guinea?
- Tax revenue in Papua New Guinea was 18.45 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Papua New Guinea?
- The highest recorded value was 18.45 billion current LCU in 2024.
- What is the lowest tax revenue recorded in Papua New Guinea?
- The lowest recorded value was 617.50 million current LCU in 1990.
- How does Papua New Guinea rank for tax revenue?
- Papua New Guinea ranks 116th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Papua New Guinea?
- Over the last ten years it is up 80.3%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.