Taxes on income, profits and capital gains in Papua New Guinea
Papua New Guinea: Taxes on income, profits and capital gains was 59.4% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Papua New Guinea is 59.4%, measured in 2024.
That represents a change of up 0.3% on the previous year and up 4.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Papua New Guinea peaked at 60.7% in 2022 and was at its lowest, 25.8%, in 1991.
Papua New Guinea ranks 2nd of 153 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Taxes on income, profits and capital gains in Papua New Guinea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 29.1% | — |
| 1991 | 25.8% | -11.1% |
| 1992 | 37.6% | +45.4% |
| 1993 | 42.7% | +13.7% |
| 1994 | 43.1% | +0.9% |
| 1995 | 40.2% | -6.7% |
| 1996 | 47.6% | +18.3% |
| 1997 | 45.8% | -3.8% |
| 1998 | 45.6% | -0.6% |
| 1999 | 43.5% | -4.6% |
| 2000 | 31.2% | -28.2% |
| 2001 | 55.3% | +77.1% |
| 2002 | 49.6% | -10.3% |
| 2014 | 57.1% | +15.1% |
| 2015 | 53.6% | -6.2% |
| 2016 | 50.4% | -5.9% |
| 2017 | 46.1% | -8.5% |
| 2018 | 43.4% | -5.8% |
| 2019 | 43.8% | +0.8% |
| 2020 | 46.9% | +7.1% |
| 2021 | 45.1% | -3.7% |
| 2022 | 60.7% | +34.5% |
| 2023 | 59.2% | -2.4% |
| 2024 | 59.4% | +0.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 59.4% is above the median for lower middle income countries, which is 25.8%, 2.3× the median. (35 countries reporting)
- Papua New Guinea's 59.4% is above the median for East Asia & Pacific, which is 22.7%, 2.6× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains 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 |
|---|---|---|---|
| 2001 | +77.1% | 31.2% | 55.3% |
| 1992 | +45.4% | 25.8% | 37.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.1% | 25.8% | 47.6% | 10 |
| 2000s | 45.4% | 31.2% | 55.3% | 3 |
| 2010s | 49.1% | 43.4% | 57.1% | 6 |
| 2020s | 54.3% | 45.1% | 60.7% | 5 |
Countries ranked near Papua New Guinea
- 1 Australia 67.9% compare
- 3 New Zealand 56.7% compare
- 4 United States 56.3% compare
- 5 Canada 53.9% compare
More public sector data for Papua New Guinea
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Papua New Guinea?
- Taxes on income, profits and capital gains in Papua New Guinea was 59.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Papua New Guinea?
- The highest recorded value was 60.7% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Papua New Guinea?
- The lowest recorded value was 25.8% in 1991.
- How does Papua New Guinea rank for taxes on income, profits and capital gains?
- Papua New Guinea ranks 2nd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Papua New Guinea?
- Over the last ten years it is up 4.0%. 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 Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.