Papua New Guinea's adjusted savings, education expenditure (current US$) was US$1.76 billion in 2021, the latest year in the World Bank's World Development Indicators. That is up 56.7% from US$1.12 billion in 2011 (4.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.76 billion | 2021 |
| Five years earlier | US$1.42 billion | 2016 |
| Ten years earlier | US$1.12 billion | 2011 |
| Highest | US$1.76 billion | 2021 |
| Lowest | US$36.69 million | 1972 |
| Average since 2012 | US$1.54 billion | 2012–2021 |
| First recorded | US$39.3 million |
What the numbers say
In 2021, Papua New Guinea's adjusted savings, education expenditure (current US$) rose 8.2% on 2020 (from US$1.63 billion to US$1.76 billion).
Across the 30 yearly changes before that (1991 to 2020), the average change was +8.2% and a typical year strayed about 17% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 108.3% in 1973 and the biggest yearly fall was 23.6% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is upward, about US$37.1 million a year. A straight line explains 75% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Papua New Guinea had the 83rd highest value of the 179 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Papua New Guinea in the 2021 ranking
- Angola — 79th of 179: US$2.22 billion
- Côte d'Ivoire — 80th of 179: US$2.16 billion
- Azerbaijan — 81st of 179: US$2.08 billion
- Iceland — 83rd of 179: US$1.75 billion
- Estonia — 84th of 179: US$1.74 billion
- Panama — 85th of 179: US$1.66 billion
What this measures
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 52 values
| Year | Adjusted savings, education expenditure (current US$) |
|---|---|
| 2021 | 1,759,476,910 |
| 2020 | 1,626,880,123 |
| 2019 | 1,635,801,428 |
| 2018 | 1,620,970,461 |
| 2017 | 1,538,301,924 |
| 2016 | 1,416,514,886 |
| 2015 | 1,471,623,937 |
| 2014 | 1,573,818,236 |
| 2013 | 1,348,371,553 |
| 2012 | 1,393,666,534 |
Adjusted savings, education expenditure (current US$) in nearby economies
- Australia — US$76.93 billion (2021)
- Brunei Darussalam — US$562.46 million (2021)
- Cambodia — US$450.78 million (2021)
- China — US$314.55 billion (2021)
- Fiji — US$160.02 million (2021)
- Hong Kong SAR, China — US$11.19 billion (2021)
- Indonesia — US$37.71 billion (2021)
- Japan — US$135.88 billion (2021)
- Kiribati — US$22.94 million (2021)
More economic policy & debt data for Papua New Guinea
- GDP (current US$) — US$32.5 billion (2025)
- GDP (current LCU) — 133.98 billion (2025)
- GDP (constant 2015 US$) — US$28.68 billion (2025)
- GDP (constant LCU) — 76.24 billion (2025)
- GDP per capita (current US$) — US$3,020 (2025)
- GDP per capita (current LCU) — 12,449 (2025)
- GDP per capita (constant 2015 US$) — US$2,665 (2025)
- GDP per capita (constant LCU) — 7,084 (2025)
- GNI (current US$) — US$30.16 billion (2025)
- GNI (current LCU) — 124.34 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Papua New Guinea's adjusted savings, education expenditure (current US$)?
- US$1.76 billion in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 4,377% from US$39.3 million in 1970 (7.74% a year on average, compounded). The highest value was US$1.76 billion in 2021 and the lowest US$36.69 million in 1972.
- How does Papua New Guinea rank?
- 83rd highest of 179 economies with data for 2021.
- Is the latest change in adjusted savings, education expenditure (current US$) unusual for Papua New Guinea?
Source
World Bank, World Development Indicators, indicator NY.ADJ.AEDU.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Statistical Yearbook, United Nations (UN), publisher: UN Statistics Division; Online database, UN Educational, Scientific and Cultural Organization (UNESCO), publisher: UNESCO Institute for Statistics (UIS) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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