Papua New Guinea - Budget Deficit 2008
2.73%
−4.17% from 2007
Papua New Guinea's budget deficit was 2.73% in 2008, decreased +4.17% from 6.90% in 2007. This was the 155th highest globally.
Global Ranking - 2008▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Eritrea | -37.98% | -91.6% |
| 2nd | Timor-Leste | -18.56% | 38.0% |
| 3rd | Tuvalu | -17.23% | 7.4% |
| 4th | Kiribati | -15.83% | -26.9% |
| 5th | Iceland | -12.02% | -317.8% |
| 6th | Belarus | -10.91% | -39.4% |
| 7th | Greece | -10.32% | -51.5% |
| 8th | Maldives | -9.93% | -214.3% |
| 9th | Lebanon | -9.86% | 9.8% |
| 10th | India | -9.17% | -100.0% |
| 11th | Botswana | -7.61% | -232.8% |
| 12th | Jamaica | -7.32% | -97.7% |
| 13th | Ireland | -7.03% | -2,723.5% |
| 14th | United States | -6.61% | -127.0% |
| 15th | Egypt, Arab Republic of | -6.05% | -23.5% |
| 16th | Pakistan | -5.94% | -40.2% |
| 17th | Sri Lanka | -5.93% | -2.1% |
| 18th | Ghana | -5.56% | -13.1% |
| 19th | Jordan | -5.38% | 1.4% |
| 20th | United Kingdom | -5.09% | -91.7% |
| 21st | Albania | -4.88% | -53.6% |
| 22nd | Antigua and Barbuda | -4.72% | 5.3% |
| 23rd | Romania | -4.61% | -51.2% |
| 24th | Spain | -4.56% | -342.2% |
| 25th | Yemen, Republic of | -4.53% | 36.9% |
| 26th | Mongolia | -4.52% | -271.3% |
| 27th | Iran, Islamic Republic of | -4.39% | -82.5% |
| 28th | Serbia | -4.26% | -430.5% |
| 29th | Barbados | -4.17% | 3.3% |
| 30th | Japan | -4.11% | -41.7% |
| 31st | Malta | -4.06% | -97.5% |
| 32nd | Afghanistan | -3.86% | -56.9% |
| 33rd | Bosnia and Herzegovina | -3.82% | -2,362.1% |
| 34th | Portugal | -3.81% | -30.9% |
| 35th | El Salvador | -3.80% | -63.5% |
| 36th | Angola | -3.80% | -198.5% |
| 37th | Hungary | -3.79% | 25.6% |
| 38th | Grenada | -3.72% | 37.1% |
| 39th | Burkina Faso | -3.63% | 27.7% |
| 40th | Poland | -3.60% | -91.3% |
| 41st | Senegal | -3.53% | -26.2% |
| 42nd | France | -3.50% | -17.1% |
| 43rd | Israel | -3.50% | -709.3% |
| 44th | Dominican Republic | -3.43% | -1,320.6% |
| 45th | Malaysia | -3.41% | -32.4% |
| 46th | Bangladesh | -3.37% | -80.5% |
| 47th | Mauritania | -3.32% | -140.3% |
| 48th | Latvia | -3.29% | -624.1% |
| 49th | Andorra | -3.19% | -12.9% |
| 50th | Ukraine | -3.14% | -59.6% |
| 51st | Lithuania | -3.09% | -278.4% |
| 52nd | Malawi | -2.92% | -14.4% |
| 53rd | Estonia | -2.92% | -216.7% |
| 54th | Syrian Arab Republic | -2.86% | 4.1% |
| 55th | Guyana | -2.78% | 17.2% |
| 56th | Myanmar | -2.73% | 22.5% |
| 57th | Burundi | -2.70% | -7.7% |
| 58th | Liberia | -2.70% | -218.7% |
| 59th | Mauritius | -2.63% | 10.0% |
| 60th | Italy | -2.58% | -94.9% |
| 61st | Bhutan | -2.57% | -423.6% |
| 62nd | Slovak Republic | -2.54% | -12.5% |
| 63rd | Brazil | -2.39% | 10.0% |
| 64th | Croatia | -2.34% | -2.5% |
| 65th | Montenegro | -2.30% | -127.2% |
| 66th | Sierra Leone | -2.22% | -117.6% |
| 67th | Türkiye | -2.13% | -55.7% |
| 68th | Czechia | -2.00% | -194.8% |
| 69th | Uganda | -2.00% | -144.8% |
| 70th | Mali | -1.97% | 29.2% |
| 71st | Kenya | -1.95% | -104.6% |
| 72nd | Georgia | -1.92% | -337.6% |
| 73rd | Tanzania | -1.92% | -32.8% |
| 74th | Mozambique | -1.90% | 13.4% |
| 75th | Lao PDR | -1.86% | -65.4% |
| 76th | Haiti | -1.80% | -16.4% |
| 77th | Armenia | -1.76% | 24.7% |
| 78th | Madagascar | -1.72% | 25.3% |
| 79th | Palau | -1.71% | 17.9% |
| 80th | Austria | -1.57% | -0.7% |
| 81st | Guatemala | -1.57% | -11.9% |
| 82nd | St. Kitts and Nevis | -1.57% | -52.3% |
| 83rd | Micronesia, Federated States of | -1.55% | 56.2% |
| 84th | Comoros | -1.46% | -24.2% |
| 85th | Slovenia | -1.44% | -1,771.4% |
| 86th | Cabo Verde | -1.42% | -64.0% |
| 87th | Uruguay | -1.31% | -731.2% |
| 88th | St. Vincent and the Grenadines | -1.29% | 57.9% |
| 89th | Central African Republic | -1.23% | -217.9% |
| 90th | Zimbabwe | -1.20% | 28.6% |
| 91st | Australia | -1.10% | -174.7% |
| 92nd | Belgium | -1.10% | -1,734.3% |
| 93rd | North Macedonia | -0.93% | -260.8% |
| 94th | Moldova | -0.87% | -688.5% |
| 95th | Iraq | -0.86% | -108.6% |
| 96th | Bahamas, The | -0.82% | -6.6% |
| 97th | Guinea-Bissau | -0.74% | 91.6% |
| 98th | St. Lucia | -0.72% | 54.8% |
| 99th | Mexico | -0.68% | 53.3% |
| 100th | Zambia | -0.67% | 35.6% |
| 101st | Tunisia | -0.62% | 74.9% |
| 102nd | Togo | -0.59% | 67.8% |
| 103rd | South Africa | -0.49% | -140.2% |
| 104th | Gambia, The | -0.45% | -265.1% |
| 105th | Viet Nam | -0.45% | 74.3% |
| 106th | Congo, Democratic Republic of | -0.41% | -136.8% |
| 107th | Samoa | -0.36% | -165.2% |
| 108th | Nepal | -0.29% | 56.6% |
| 109th | Honduras | -0.27% | -5.1% |
| 110th | Germany | -0.26% | -269.7% |
| 111th | Côte d'Ivoire | -0.21% | 46.0% |
| 112th | Netherlands | -0.06% | 64.2% |
| 113th | Vanuatu | -0.04% | -115.6% |
| 114th | Benin | -0.04% | -118.5% |
| 115th | China | -0.02% | -141.4% |
| 116th | Philippines | 0.02% | 105.6% |
| 117th | Colombia | 0.04% | 105.1% |
| 118th | Indonesia | 0.05% | 105.7% |
| 119th | San Marino | 0.18% | -90.4% |
| 120th | Costa Rica | 0.18% | -67.4% |
| 121st | Canada | 0.18% | -89.9% |
| 122nd | Hong Kong SAR, China | 0.25% | -96.6% |
| 123rd | Nicaragua | 0.27% | -85.8% |
| 124th | Argentina | 0.35% | -53.5% |
| 125th | Panama | 0.38% | -88.0% |
| 126th | Guinea | 0.39% | -69.9% |
| 127th | Cambodia | 0.43% | -31.0% |
| 128th | Sudan | 0.49% | 117.3% |
| 129th | Ecuador | 0.57% | -78.6% |
| 130th | Djibouti | 0.62% | 133.1% |
| 131st | Morocco | 0.63% | 639.7% |
| 132nd | Dominica | 0.70% | -61.1% |
| 133rd | Thailand | 0.80% | 264.1% |
| 134th | Rwanda | 0.83% | 153.1% |
| 135th | Cyprus | 0.87% | -73.2% |
| 136th | Niger | 1.11% | 248.7% |
| 137th | Kazakhstan | 1.23% | -76.1% |
| 138th | Belize | 1.25% | 770.1% |
| 139th | Aruba | 1.47% | 240.2% |
| 140th | New Zealand | 1.47% | -59.2% |
| 141st | Fiji | 1.56% | 336.7% |
| 142nd | Korea | 1.58% | -36.6% |
| 143rd | Eswatini | 1.58% | -33.2% |
| 144th | Sweden | 1.87% | -44.4% |
| 145th | Kyrgyz Republic | 1.92% | 50.7% |
| 146th | Switzerland | 1.94% | 22.9% |
| 147th | Solomon Islands | 1.94% | -87.3% |
| 148th | Tajikistan | 1.94% | -8.9% |
| 149th | Cameroon | 2.00% | -48.4% |
| 150th | Tonga | 2.14% | -60.3% |
| 151st | Paraguay | 2.29% | 79.9% |
| 152nd | Suriname | 2.39% | -52.3% |
| 153rd | Peru | 2.49% | -25.8% |
| 154th | Bulgaria | 2.73% | -11.5% |
| 155th | Papua New Guinea | 2.73% | -60.4% |
| 156th | Chad | 2.82% | 39.6% |
| 157th | Luxembourg | 3.37% | -22.7% |
| 158th | Denmark | 3.46% | -34.8% |
| 159th | Namibia | 3.48% | -42.1% |
| 160th | Bolivia, Plurinational State of | 3.53% | 329.1% |
| 161st | Singapore | 3.59% | -49.6% |
| 162nd | Marshall Islands | 3.68% | 1,285.0% |
| 163rd | Chile | 3.93% | -50.6% |
| 164th | Nigeria | 4.05% | 610.1% |
| 165th | Bahrain | 4.08% | 168.4% |
| 166th | Finland | 4.18% | -18.3% |
| 167th | Russian Federation | 4.55% | -18.5% |
| 168th | Trinidad and Tobago | 5.70% | 75.8% |
| 169th | Uzbekistan | 5.97% | 68.0% |
| 170th | Algeria | 7.79% | 68.2% |
| 171st | Seychelles | 7.88% | 179.4% |
| 172nd | Lesotho | 8.10% | -24.7% |
| 173rd | Qatar | 9.49% | -8.3% |
| 174th | Turkmenistan | 10.73% | 156.0% |
| 175th | Gabon | 10.99% | 36.4% |
| 176th | São Tomé and Principe | 13.65% | -89.1% |
| 177th | Equatorial Guinea | 14.61% | -14.8% |
| 178th | Oman | 14.66% | 39.7% |
| 179th | Azerbaijan | 17.19% | 635.7% |
| 180th | Macao SAR, China | 17.48% | 6.7% |
| 181st | United Arab Emirates | 17.64% | 3.0% |
| 182nd | Norway | 18.53% | 8.8% |
| 183rd | Kuwait | 21.35% | -42.4% |
| 184th | Congo, Republic of | 23.90% | 165.9% |
| 185th | Libya | 27.68% | -2.4% |
| 186th | Saudi Arabia | 29.80% | 152.9% |
| 187th | Brunei Darussalam | 36.14% | 1,058.7% |
FAQ
What was Papua New Guinea's budget deficit in 2008?▾
Papua New Guinea's budget deficit in 2008 was 2.73%. This ranked 155th globally.
How did Papua New Guinea's budget deficit change in 2008?▾
Papua New Guinea's budget deficit decreased by 60.4% in 2008 compared to 2007.
Which country had the highest budget deficit in 2008?▾
Brunei Darussalam had the highest budget deficit in 2008 at 36.14%.
What is the budget deficit of Papua New Guinea in 2008?▾
The budget deficit of Papua New Guinea in 2008 was 2.73%. This ranked 155th globally.
How does 2008 compare to 2007 for Papua New Guinea's budget deficit?▾
Papua New Guinea's budget deficit went from 6.90% in 2007 to 2.73% in 2008, a 60.4% decrease.
HistorySaid - pattern alert
Papua New Guinea matched the Fiscal Dominance Trap pattern in 2008. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 6.0%. View full analysis →
Related
2007
2009
All years
Full ranking 2008
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2007
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
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Lowest ever
Average
vs Kenya
vs Mauritania
vs West Bank and Gaza
vs Kiribati
Global Ranking