Iceland vs Papua New Guinea: Military spending, per unit of GDP

Iceland
0.002 constant 2022 US$ per US$ of GDP
in 2023
Papua New Guinea
0.0038 constant 2022 US$ per US$ of GDP
in 2023
Iceland rank
166th
Papua New Guinea rank
163rd

Military spending, per unit of GDP over time

  • Iceland
  • Papua New Guinea
00.10.20.3196019912023

How they compare

Papua New Guinea currently reports 0.0038 constant 2022 US$ per US$ of GDP against 0.002 constant 2022 US$ per US$ of GDP in Iceland, a difference of 0.0018 constant 2022 US$ per US$ of GDP.

That makes Papua New Guinea's figure about 1.9 times Iceland's.

The two have swapped places 1 time across 49 shared years of data; in 1975 it was Iceland ahead.

Iceland ranks 166th and Papua New Guinea ranks 163rd of 170 countries.

Papua New Guinea has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Iceland Papua New Guinea Difference Ahead
1970s 0.0325 constant 2022 US$ per US$ of GDP 0.042 constant 2022 US$ per US$ of GDP 0.0096 constant 2022 US$ per US$ of GDP Papua New Guinea
1980s 0.0147 constant 2022 US$ per US$ of GDP 0.0298 constant 2022 US$ per US$ of GDP 0.0151 constant 2022 US$ per US$ of GDP Papua New Guinea
1990s 0.0078 constant 2022 US$ per US$ of GDP 0.0248 constant 2022 US$ per US$ of GDP 0.017 constant 2022 US$ per US$ of GDP Papua New Guinea
2000s 0.0049 constant 2022 US$ per US$ of GDP 0.0084 constant 2022 US$ per US$ of GDP 0.0035 constant 2022 US$ per US$ of GDP Papua New Guinea
2010s 0.0025 constant 2022 US$ per US$ of GDP 0.0045 constant 2022 US$ per US$ of GDP 0.002 constant 2022 US$ per US$ of GDP Papua New Guinea
2020s 0.0024 constant 2022 US$ per US$ of GDP 0.004 constant 2022 US$ per US$ of GDP 0.0017 constant 2022 US$ per US$ of GDP Papua New Guinea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, per unit of gdp, Iceland or Papua New Guinea?
Papua New Guinea, at 0.0038 constant 2022 US$ per US$ of GDP against 0.002 constant 2022 US$ per US$ of GDP in Iceland as of 2023.
What is the difference in military spending, per unit of gdp between Iceland and Papua New Guinea?
0.0018 constant 2022 US$ per US$ of GDP, with Papua New Guinea ahead.
How many years of comparable data are there for Iceland and Papua New Guinea?
49 years are reported by both, from 1975 to 2023.
How do Iceland and Papua New Guinea rank globally for military spending, per unit of gdp?
Iceland ranks 166th and Papua New Guinea ranks 163rd of 170 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Papua New Guinea: Military spending, per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-per-unit-of-gdp-2/iceland/papua-new-guinea/

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About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.