Papua New Guinea PG: Military Expenditure: % of GDP

1975 - 2017 | Yearly | % | World Bank

Papua New Guinea PG: Military Expenditure: % of GDP data was reported at 0.488 % in 2017. This records a decrease from the previous number of 0.588 % for 2016. Papua New Guinea PG: Military Expenditure: % of GDP data is updated yearly, averaging 1.102 % from Dec 1975 (Median) to 2017, with 40 observations. The data reached an all-time high of 2.133 % in 1990 and a record low of 0.488 % in 2017. Papua New Guinea PG: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Papua New Guinea's Papua New Guinea PG: Military Expenditure: % of GDP from 1975 to 2017 in the chart:

Papua New Guinea Papua New Guinea PG: Military Expenditure: % of GDP

What was Papua New Guinea's Papua New Guinea PG: Military Expenditure: % of GDP in 2017?

Last Previous Min Max Unit Frequency Range
0.34 2017 0.40 2016 0.33 2010 2.13 1990 % yearly 1975 - 2017

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Papua New Guinea Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 5,093.340 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 4,034.120 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 3.024 2027 yearly 1980 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (PGK bn) 33.210 2029 yearly 1983 - 2029
Forecast: Government Net Debt (PGK bn) 69.394 2029 yearly 1994 - 2029
Forecast: Government Revenue (PGK bn) 33.823 2029 yearly 1983 - 2029
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 4.500 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) 3.455 2029 yearly 1980 - 2029
Monetary Last Frequency Range
Gold Reserves (Metric Ton) 1,100.000 2022 yearly 2008 - 2022

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