Papua New Guinea—Taxes on Goods & Services (% of revenue)
Papua New Guinea's taxes on goods & services (% of revenue) was 26.4% in 2023, ranking #87 out of 139 countries. This represents a +13.9% change from 2022. Over the past 13 years, the highest recorded value was 29.5% (2021) and the lowest was 9.2% (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 26.4% | +13.9% |
| 2022 | 23.2% | -21.6% |
| 2021 | 29.5% | +5.9% |
| 2020 | 27.9% | -1.8% |
| 2019 | 28.4% | +13.1% |
| 2018 | 25.1% | -11.1% |
| 2017 | 28.2% | +14.6% |
| 2016 | 24.6% | +1.2% |
| 2015 | 24.4% | +0.3% |
| 2014 | 24.3% | +88.9% |
| 2002 | 12.9% | +6.4% |
| 2001 | 12.1% | +30.9% |
| 2000 | 9.2% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).