Debt service on external debt, public and publicly guaranteed (PPG) in Papua New Guinea
Papua New Guinea: Debt service on external debt, public and publicly guaranteed (PPG) was 623.36 million TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
623.36 million TDS, current US$
Change on year
up 20.8%
World rank
61st
of 123 countries
All-time high
988.52 million TDS, current US$
in 2020
All-time low
1.36 million TDS, current US$
in 1970
Years of data
55
1970–2024
Debt service on external debt, public and publicly guaranteed (PPG) in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, public and publicly guaranteed (ppg) in Papua New Guinea stood at 623.36 million TDS, current US$.
That represents a change of up 20.8% on the previous year and up 564.1% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Papua New Guinea peaked at 988.52 million TDS, current US$ in 2020 and was at its lowest, 1.36 million TDS, current US$, in 1970.
That places Papua New Guinea 61st out of 123 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed (PPG) in Papua New Guinea, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 1.36 million TDS, current US$ | — |
| 1971 | 2.30 million TDS, current US$ | +69.7% |
| 1972 | 5.08 million TDS, current US$ | +120.7% |
| 1973 | 7.51 million TDS, current US$ | +47.9% |
| 1974 | 18.29 million TDS, current US$ | +143.6% |
| 1975 | 20.16 million TDS, current US$ | +10.2% |
| 1976 | 26.33 million TDS, current US$ | +30.6% |
| 1977 | 27.08 million TDS, current US$ | +2.8% |
| 1978 | 30.63 million TDS, current US$ | +13.1% |
| 1979 | 48.99 million TDS, current US$ | +59.9% |
| 1980 | 61.22 million TDS, current US$ | +25.0% |
| 1981 | 67.23 million TDS, current US$ | +9.8% |
| 1982 | 95.78 million TDS, current US$ | +42.5% |
| 1983 | 97.99 million TDS, current US$ | +2.3% |
| 1984 | 128.57 million TDS, current US$ | +31.2% |
| 1985 | 125.28 million TDS, current US$ | -2.6% |
| 1986 | 116.80 million TDS, current US$ | -6.8% |
| 1987 | 169.49 million TDS, current US$ | +45.1% |
| 1988 | 310.94 million TDS, current US$ | +83.5% |
| 1989 | 231.34 million TDS, current US$ | -25.6% |
| 1990 | 270.29 million TDS, current US$ | +16.8% |
| 1991 | 234.13 million TDS, current US$ | -13.4% |
| 1992 | 198.68 million TDS, current US$ | -15.1% |
| 1993 | 255.68 million TDS, current US$ | +28.7% |
| 1994 | 329.95 million TDS, current US$ | +29.0% |
| 1995 | 286.32 million TDS, current US$ | -13.2% |
| 1996 | 247.43 million TDS, current US$ | -13.6% |
| 1997 | 271.68 million TDS, current US$ | +9.8% |
| 1998 | 169.88 million TDS, current US$ | -37.5% |
| 1999 | 161.07 million TDS, current US$ | -5.2% |
| 2000 | 169.40 million TDS, current US$ | +5.2% |
| 2001 | 145.71 million TDS, current US$ | -14.0% |
| 2002 | 140.37 million TDS, current US$ | -3.7% |
| 2003 | 171.49 million TDS, current US$ | +22.2% |
| 2004 | 175.59 million TDS, current US$ | +2.4% |
| 2005 | 151.99 million TDS, current US$ | -13.4% |
| 2006 | 158.31 million TDS, current US$ | +4.2% |
| 2007 | 210.75 million TDS, current US$ | +33.1% |
| 2008 | 195.18 million TDS, current US$ | -7.4% |
| 2009 | 83.23 million TDS, current US$ | -57.4% |
| 2010 | 83.79 million TDS, current US$ | +0.7% |
| 2011 | 98.50 million TDS, current US$ | +17.6% |
| 2012 | 96.22 million TDS, current US$ | -2.3% |
| 2013 | 93.21 million TDS, current US$ | -3.1% |
| 2014 | 93.87 million TDS, current US$ | +0.7% |
| 2015 | 87.35 million TDS, current US$ | -6.9% |
| 2016 | 98.18 million TDS, current US$ | +12.4% |
| 2017 | 134.31 million TDS, current US$ | +36.8% |
| 2018 | 180.90 million TDS, current US$ | +34.7% |
| 2019 | 430.79 million TDS, current US$ | +138.1% |
| 2020 | 988.52 million TDS, current US$ | +129.5% |
| 2021 | 644.49 million TDS, current US$ | -34.8% |
| 2022 | 369.37 million TDS, current US$ | -42.7% |
| 2023 | 515.98 million TDS, current US$ | +39.7% |
| 2024 | 623.36 million TDS, current US$ | +20.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.77 million TDS, current US$ | 1.36 million TDS, current US$ | 48.99 million TDS, current US$ | 10 |
| 1980s | 140.46 million TDS, current US$ | 61.22 million TDS, current US$ | 310.94 million TDS, current US$ | 10 |
| 1990s | 242.51 million TDS, current US$ | 161.07 million TDS, current US$ | 329.95 million TDS, current US$ | 10 |
| 2000s | 160.20 million TDS, current US$ | 83.23 million TDS, current US$ | 210.75 million TDS, current US$ | 10 |
| 2010s | 139.71 million TDS, current US$ | 83.79 million TDS, current US$ | 430.79 million TDS, current US$ | 10 |
| 2020s | 628.34 million TDS, current US$ | 369.37 million TDS, current US$ | 988.52 million TDS, current US$ | 5 |
Countries ranked near Papua New Guinea
- 58 Myanmar 660.99 million TDS, current US$ compare
- 59 North Macedonia 639.46 million TDS, current US$ compare
- 60 Nicaragua 636.96 million TDS, current US$ compare
- 62 Armenia 569.13 million TDS, current US$ compare
- 63 Bosnia and Herzegovina 567.79 million TDS, current US$ compare
- 64 Cambodia 544.26 million TDS, current US$ compare
More external debt data for Papua New Guinea
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.2% (2024)
- Net financial flows, IDA 31.68 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 2.99 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 154,000 NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.6% (2024)
Frequently asked questions
- What is debt service on external debt, public and publicly guaranteed (ppg) in Papua New Guinea?
- Debt service on external debt, public and publicly guaranteed (ppg) in Papua New Guinea was 623.36 million TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in Papua New Guinea?
- The highest recorded value was 988.52 million TDS, current US$ in 2020.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Papua New Guinea?
- The lowest recorded value was 1.36 million TDS, current US$ in 1970.
- How does Papua New Guinea rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Papua New Guinea ranks 61st out of 123 countries with data for 2024.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in Papua New Guinea?
- Over the last ten years it is up 564.1%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.