Fiscal Balance in Papua New Guinea
The fiscal balance averaged -3.0% of GDP in the decade to 2022, same level as the average of % of GDP. The fiscal balance in Papua New Guinea in 2022 was -2.9% of GDP. For more information on fiscal balance, visit our dedicated page.
Papua New Guinea Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Papua New Guinea from 2013 to 2024.
Source: Macrobond.
Papua New Guinea Fiscal Balance Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -6.2 | -4.4 | -2.9 | -3.1 | -2.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Papua New Guinean fiscal balance projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Papua New Guinean fiscal balance.
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