
Papua New Guinea: Government spending, percent of GDP
* indicates monthly or quarterly data series
Papua New Guinea |
Government spending as percent of GDP |
---|---|
Latest value | 15.31 |
Year | 2004 |
Measure | percent |
Data availability | 1961 - 2004 |
Average | 25.03 |
Min - Max | 15.26 - 35.78 |
Source | The World Bank |
The latest value from 2004 is 15.31 percent, an increase from 15.26 percent in 2003. In comparison, the world average is 15.81 percent, based on data from 162 countries. Historically, the average for Papua New Guinea from 1961 to 2004 is 25.03 percent. The minimum value, 15.26 percent, was reached in 2003 while the maximum of 35.78 percent was recorded in 1966.
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* indicates monthly or quarterly data series
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The government size of Papua New Guinea and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 15.31 | 2004 | percent |
Government spending, in dollars | 0.60 | 2004 | billion U.S. dollars |
Fiscal balance, percent of GDP | -4.43 | 2023 | percent |
Government debt | 52.00 | 2023 | percent |
Tax revenue | 14.79 | 2022 | percent |
Commercial tax rate | 37.10 | 2019 | percent |
Tax preparation time | 207 | 2019 | hours |
Number of taxes | 45 | 2019 | taxes |
Taxes on goods and services | 23.16 | 2022 | percent |
Taxes on international trade | 4.89 | 2022 | percent |
Income and profits taxes | 60.70 | 2022 | percent |
Foreign aid | 661.17 | 2022 | million U.S. dollars |