Taxes on goods and services in Papua New Guinea
Papua New Guinea: Taxes on goods and services was 5.7% in 2024. ▼ Falling
Taxes on goods and services in Papua New Guinea, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Papua New Guinea stood at 5.7%.
That represents a change of down 5.3% on the previous year and down 12.6% over ten years.
Over the whole period, taxes on goods and services in Papua New Guinea peaked at 6.5% in 2014 and was at its lowest, 4.9%, in 2022.
That places Papua New Guinea 122nd out of 154 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Taxes on goods and services in Papua New Guinea, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2014 | 6.5% | — |
| 2015 | 5.7% | -12.6% |
| 2016 | 5.1% | -10.9% |
| 2017 | 5.8% | +13.4% |
| 2018 | 5.7% | -1.6% |
| 2019 | 6.0% | +5.4% |
| 2020 | 5.3% | -11.3% |
| 2021 | 5.8% | +9.9% |
| 2022 | 4.9% | -16.6% |
| 2023 | 6.0% | +24.0% |
| 2024 | 5.7% | -5.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 5.7% is below the median for lower middle income countries, which is 8.7%, 66% of the median. (37 countries reporting)
- Papua New Guinea's 5.7% is below the median for East Asia & Pacific, which is 7.8%, 73% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.8% | 5.1% | 6.5% | 6 |
| 2020s | 5.5% | 4.9% | 6.0% | 5 |
Countries ranked near Papua New Guinea
- 119 Guinea-Bissau 6.1% compare
- 120 Afghanistan 6.1%
- 121 Sri Lanka 6.0% compare
- 123 Kazakhstan 5.7% compare
- 124 Indonesia 5.4%
- 125 Niger 5.4%
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 taxes on goods and services in Papua New Guinea?
- Taxes on goods and services in Papua New Guinea was 5.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Papua New Guinea?
- The highest recorded value was 6.5% in 2014.
- What is the lowest taxes on goods and services recorded in Papua New Guinea?
- The lowest recorded value was 4.9% in 2022.
- How does Papua New Guinea rank for taxes on goods and services?
- Papua New Guinea ranks 122nd out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Papua New Guinea?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is falling.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.