Papua New Guinea: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Papua New Guinea

Fiscal balance, percent of GDP

 Latest value -5.55
 Year 2022
 Measure percent
 Data availability 2015 - 2022
 Average -5.02
 Min - Max -8.56 - -2.42
 Source Asian Development Bank
For that indicator, we provide data for Papua New Guinea from 2015 to 2022. The average value for Papua New Guinea during that period was -5.02 percent with a minimum of -8.56 percent in 2020 and a maximum of -2.42 percent in 2017. The latest value from 2022 is -5.55 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Papua New Guinea - Fiscal balance, percent of GDP - recent values

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

 Related indicators Latest value 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 -5.55 2022 percent
 Government debt 51.62 2021 percent
 Tax revenue 11.88 2020 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 27.89 2020 percent
 Taxes on international trade 6.29 2020 percent
 Income and profits taxes 46.87 2020 percent
 Foreign aid 1,181.75 2021 million U.S. dollars
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