Taxes on income, profits and capital gains in Papua New Guinea
Papua New Guinea: Taxes on income, profits and capital gains was 67.0% 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 total taxes.
Analysis
In 2024, taxes on income, profits and capital gains in Papua New Guinea stood at 67.0%.
That represents a change of up 0.7% on the previous year and up 1.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Papua New Guinea peaked at 68.4% in 2022 and was at its lowest, 46.7%, in 2000.
That places Papua New Guinea 7th out of 153 countries with data for 2024, putting it 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 total taxes | Change |
|---|---|---|
| 1990 | 47.0% | — |
| 1991 | 49.0% | +4.2% |
| 1992 | 54.3% | +10.9% |
| 1993 | 57.9% | +6.6% |
| 1994 | 53.5% | -7.6% |
| 1995 | 52.6% | -1.6% |
| 1996 | 57.2% | +8.7% |
| 1997 | 57.1% | -0.1% |
| 1998 | 57.3% | +0.2% |
| 1999 | 56.2% | -1.9% |
| 2000 | 46.7% | -16.8% |
| 2001 | 61.1% | +30.7% |
| 2002 | 54.0% | -11.6% |
| 2014 | 66.3% | +22.7% |
| 2015 | 64.4% | -2.8% |
| 2016 | 62.8% | -2.5% |
| 2017 | 58.2% | -7.3% |
| 2018 | 58.4% | +0.4% |
| 2019 | 55.6% | -4.8% |
| 2020 | 57.8% | +4.0% |
| 2021 | 56.2% | -2.8% |
| 2022 | 68.4% | +21.7% |
| 2023 | 66.5% | -2.7% |
| 2024 | 67.0% | +0.7% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 67.0% is above the median for lower middle income countries, which is 35.7%, 1.9× the median. (35 countries reporting)
- Papua New Guinea's 67.0% is above the median for East Asia & Pacific, which is 39.9%, 1.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.2% | 47.0% | 57.9% | 10 |
| 2000s | 53.9% | 46.7% | 61.1% | 3 |
| 2010s | 60.9% | 55.6% | 66.3% | 6 |
| 2020s | 63.2% | 56.2% | 68.4% | 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)
- 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 67.0% 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 68.4% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Papua New Guinea?
- The lowest recorded value was 46.7% in 2000.
- How does Papua New Guinea rank for taxes on income, profits and capital gains?
- Papua New Guinea ranks 7th 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 1.2%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.