Debt service on external debt, total in Papua New Guinea
Papua New Guinea: Debt service on external debt, total was 5.88 billion TDS, current US$ in 2024. β Volatile
Debt service on external debt, total in Papua New Guinea, 1970β2024
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$, in 1970.
Papua New Guinea ranks 29th of 121 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 99.98 million TDS, current US$ | 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, IBRD 154,000 NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.6% (2024)
- Use of IMF credit 1.25 billion DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 7.25 billion DOD, current US$ (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 121 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.
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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.