Budget balance — all countries

Budget balance — Papua New Guinea

Budget balance in Papua New Guinea in 2031 — 0.2%. Ranked 26 in the world out of 188. Since 1983, the indicator has risen by 3.2 pp.

2031 0.2% +0 pp vs 2030
World rank 26of 188
Period maximum 6.9%2007
Period minimum -8.9%2020

Trend over time

1983–2031 · % of GDP

Budget balance — Papua New Guinea, 1983–2031-10-50510198319881993199820032008201320182023202820311983: -3%1984: -1.1%1985: -1.9%1986: -2.4%1987: 0.3%1988: 0.3%1989: 0.3%1990: -2%1991: -0.6%1992: -4.3%1993: -4.9%1994: -1%1995: 1.1%1996: 2.1%1997: 0.7%1998: -0.2%1999: -1.9%2000: 0.3%2001: -1.3%2002: -1.7%2003: 0.2%2004: 2%2005: 2.8%2006: 5.3%2007: 6.9%2008: 2.7%2009: -5.5%2010: 3.1%2011: 2.2%2012: -1.2%2013: -6.9%2014: -6.3%2015: -4.5%2016: -4.7%2017: -2.5%2018: -2.6%2019: -5%2020: -8.9%2021: -6.8%2022: -5.3%2023: -4.3%2024: -3.3%2025: -2.4%2026: -1.1%2027: -0.1%2028: -0.1%2029: 0.2%2030: 0.2%2031: 0.2%
Change over the period: +3.2 pp Annual average: 0.07 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 0.2%
World computed -4.85%
East Asia & Pacific computed -5.66%
Melanesia computed -0.37%
Budget balance — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year % Change, pp
2031 0.2 +0 pp
2030 0.2 +0 pp
2029 0.2 +0.3 pp
2028 -0.1 +0 pp
2027 -0.1 +1 pp
2026 -1.1 +1.3 pp
2025 -2.4 +0.9 pp
2024 -3.3 +1 pp
2023 -4.3 +1 pp
2022 -5.3 +1.5 pp
2021 -6.8 +2.1 pp
2020 -8.9 −3.9 pp
2019 -5 −2.4 pp
2018 -2.6 −0.1 pp
2017 -2.5 +2.2 pp
2016 -4.7 −0.2 pp
2015 -4.5 +1.8 pp
2014 -6.3 +0.6 pp
2013 -6.9 −5.7 pp
2012 -1.2 −3.4 pp
2011 2.2 −0.9 pp
2010 3.1 +8.6 pp
2009 -5.5 −8.2 pp
2008 2.7 −4.2 pp
2007 6.9 +1.6 pp
2006 5.3 +2.5 pp
2005 2.8 +0.8 pp
2004 2 +1.8 pp
2003 0.2 +1.9 pp
2002 -1.7 −0.4 pp
2001 -1.3 −1.6 pp
2000 0.3 +2.2 pp
1999 -1.9 −1.7 pp
1998 -0.2 −0.9 pp
1997 0.7 −1.4 pp
1996 2.1 +1 pp
1995 1.1 +2.1 pp
1994 -1 +3.9 pp
1993 -4.9 −0.6 pp
1992 -4.3 −3.7 pp
1991 -0.6 +1.4 pp
1990 -2 −2.3 pp
1989 0.3 +0 pp
1988 0.3 +0 pp
1987 0.3 +2.7 pp
1986 -2.4 −0.5 pp
1985 -1.9 −0.8 pp
1984 -1.1 +1.9 pp
1983 -3

Melanesia, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.