Debt service on external debt, total (TDS, current US$) in Papua New Guinea
Papua New Guinea: Debt service on external debt, total (TDS, current US$) was 5.88 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
5.88 billion TDS, current US$
Change on year
up 4.3%
World rank
29th
of 122 countries
All-time high
5.88 billion TDS, current US$
in 2024
All-time low
30.16 million TDS, current US$
in 1970
Years of data
55
1970–2024
Debt service on external debt, total in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, total in Papua New Guinea stood at 5.88 billion TDS, current US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.3% on the previous year and up 403.4% over ten years.
Over the whole period, debt service on external debt, total in Papua New Guinea peaked at 5.88 billion TDS, current US$ in 2024 and was at its lowest, 30.16 million TDS, current US$, in 1970.
Papua New Guinea ranks 29th of 122 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total (TDS, current US$) in Papua New Guinea, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 30.16 million TDS, current US$ | — |
| 1971 | 60.70 million TDS, current US$ | +101.3% |
| 1972 | 105.38 million TDS, current US$ | +73.6% |
| 1973 | 124.21 million TDS, current US$ | +17.9% |
| 1974 | 116.89 million TDS, current US$ | -5.9% |
| 1975 | 101.66 million TDS, current US$ | -13.0% |
| 1976 | 106.35 million TDS, current US$ | +4.6% |
| 1977 | 111.11 million TDS, current US$ | +4.5% |
| 1978 | 138.13 million TDS, current US$ | +24.3% |
| 1979 | 105.25 million TDS, current US$ | -23.8% |
| 1980 | 149.79 million TDS, current US$ | +42.3% |
| 1981 | 184.38 million TDS, current US$ | +23.1% |
| 1982 | 232.69 million TDS, current US$ | +26.2% |
| 1983 | 286.76 million TDS, current US$ | +23.2% |
| 1984 | 412.48 million TDS, current US$ | +43.8% |
| 1985 | 339.96 million TDS, current US$ | -17.6% |
| 1986 | 321.87 million TDS, current US$ | -5.3% |
| 1987 | 355.52 million TDS, current US$ | +10.5% |
| 1988 | 498.15 million TDS, current US$ | +40.1% |
| 1989 | 515.72 million TDS, current US$ | +3.5% |
| 1990 | 553.06 million TDS, current US$ | +7.2% |
| 1991 | 504.60 million TDS, current US$ | -8.8% |
| 1992 | 662.75 million TDS, current US$ | +31.3% |
| 1993 | 852.02 million TDS, current US$ | +28.6% |
| 1994 | 897.25 million TDS, current US$ | +5.3% |
| 1995 | 626.28 million TDS, current US$ | -30.2% |
| 1996 | 489.32 million TDS, current US$ | -21.9% |
| 1997 | 531.81 million TDS, current US$ | +8.7% |
| 1998 | 311.74 million TDS, current US$ | -41.4% |
| 1999 | 212.36 million TDS, current US$ | -31.9% |
| 2000 | 305.03 million TDS, current US$ | +43.6% |
| 2001 | 269.04 million TDS, current US$ | -11.8% |
| 2002 | 276.36 million TDS, current US$ | +2.7% |
| 2003 | 191.35 million TDS, current US$ | -30.8% |
| 2004 | 251.70 million TDS, current US$ | +31.5% |
| 2005 | 307.80 million TDS, current US$ | +22.3% |
| 2006 | 326.27 million TDS, current US$ | +6.0% |
| 2007 | 1.01 billion TDS, current US$ | +208.8% |
| 2008 | 973.73 million TDS, current US$ | -3.4% |
| 2009 | 542.66 million TDS, current US$ | -44.3% |
| 2010 | 811.69 million TDS, current US$ | +49.6% |
| 2011 | 1.18 billion TDS, current US$ | +45.9% |
| 2012 | 483.42 million TDS, current US$ | -59.2% |
| 2013 | 1.26 billion TDS, current US$ | +161.4% |
| 2014 | 1.17 billion TDS, current US$ | -7.5% |
| 2015 | 1.10 billion TDS, current US$ | -6.0% |
| 2016 | 3.32 billion TDS, current US$ | +202.2% |
| 2017 | 2.79 billion TDS, current US$ | -16.1% |
| 2018 | 2.78 billion TDS, current US$ | -0.2% |
| 2019 | 2.36 billion TDS, current US$ | -15.0% |
| 2020 | 2.71 billion TDS, current US$ | +14.7% |
| 2021 | 4.05 billion TDS, current US$ | +49.5% |
| 2022 | 4.46 billion TDS, current US$ | +10.0% |
| 2023 | 5.64 billion TDS, current US$ | +26.6% |
| 2024 | 5.88 billion TDS, current US$ | +4.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 5.88 billion TDS, current US$ is above the median for lower middle income countries, which is 1.79 billion TDS, current US$, 3.3× the median. (43 countries reporting)
- Papua New Guinea's 5.88 billion TDS, current US$ is above the median for East Asia & Pacific, which is 2.77 billion TDS, current US$, 2.1× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service on external debt, total (TDS, current US$) in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +208.8% | 326.27 million TDS, current US$ | 1.01 billion TDS, current US$ |
| 2016 | +202.2% | 1.10 billion TDS, current US$ | 3.32 billion TDS, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 99.98 million TDS, current US$ | 30.16 million TDS, current US$ | 138.13 million TDS, current US$ | 10 |
| 1980s | 329.73 million TDS, current US$ | 149.79 million TDS, current US$ | 515.72 million TDS, current US$ | 10 |
| 1990s | 564.12 million TDS, current US$ | 212.36 million TDS, current US$ | 897.25 million TDS, current US$ | 10 |
| 2000s | 445.16 million TDS, current US$ | 191.35 million TDS, current US$ | 1.01 billion TDS, current US$ | 10 |
| 2010s | 1.73 billion TDS, current US$ | 483.42 million TDS, current US$ | 3.32 billion TDS, current US$ | 10 |
| 2020s | 4.55 billion TDS, current US$ | 2.71 billion TDS, current US$ | 5.88 billion TDS, current US$ | 5 |
Countries ranked near Papua New Guinea
- 26 Ecuador 8.49 billion TDS, current US$ compare
- 27 Bulgaria 7.32 billion TDS, current US$ compare
- 28 Dominican Republic 6.61 billion TDS, current US$ compare
- 30 Kenya 5.67 billion TDS, current US$ compare
- 31 Tunisia 5.51 billion TDS, current US$ compare
- 32 Mongolia 5.42 billion 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, total in Papua New Guinea?
- Debt service on external debt, total in Papua New Guinea was 5.88 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in Papua New Guinea?
- The highest recorded value was 5.88 billion TDS, current US$ in 2024.
- What is the lowest debt service on external debt, total recorded in Papua New Guinea?
- The lowest recorded value was 30.16 million TDS, current US$ in 1970.
- How does Papua New Guinea rank for debt service on external debt, total?
- Papua New Guinea ranks 29th out of 122 countries with data for 2024.
- Is debt service on external debt, total rising or falling in Papua New Guinea?
- Over the last ten years it is up 403.4%. 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, total (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
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.