Debt service (PPG and IMF only, % of exports of goods, services and) in Papua New Guinea
Papua New Guinea: Debt service (PPG and IMF only, % of exports of goods, services and) was 4.8% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Papua New Guinea, 1976–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in Papua New Guinea stood at 4.8%.
That represents a change of up 19.0% on the previous year and up 363.5% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Papua New Guinea peaked at 18.4% in 1988 and was at its lowest, 1.0%, in 2015.
That places Papua New Guinea 87th out of 118 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 (PPG and IMF only, % of exports of goods, services and) in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 5.2% | — |
| 1977 | 3.8% | -25.6% |
| 1978 | 5.7% | +47.9% |
| 1979 | 5.5% | -4.2% |
| 1980 | 6.3% | +15.6% |
| 1981 | 7.5% | +19.6% |
| 1982 | 10.7% | +42.2% |
| 1983 | 10.6% | -1.0% |
| 1984 | 15.7% | +48.2% |
| 1985 | 12.9% | -18.1% |
| 1986 | 11.2% | -13.0% |
| 1987 | 12.5% | +11.4% |
| 1988 | 18.4% | +47.6% |
| 1989 | 14.9% | -19.2% |
| 1990 | 18.4% | +23.4% |
| 1991 | 12.9% | -29.7% |
| 1992 | 8.7% | -32.7% |
| 1993 | 9.3% | +7.1% |
| 1994 | 12.5% | +33.8% |
| 1995 | 10.1% | -19.2% |
| 1996 | 8.3% | -17.2% |
| 1997 | 10.6% | +26.8% |
| 1998 | 8.3% | -21.1% |
| 1999 | 8.5% | +1.5% |
| 2000 | 8.0% | -5.1% |
| 2001 | 7.1% | -11.8% |
| 2002 | 7.8% | +9.8% |
| 2003 | 7.3% | -6.3% |
| 2004 | 8.4% | +15.0% |
| 2005 | 5.9% | -29.9% |
| 2006 | 3.5% | -41.1% |
| 2007 | 4.1% | +17.1% |
| 2008 | 3.1% | -22.9% |
| 2009 | 1.8% | -42.1% |
| 2010 | 1.4% | -23.4% |
| 2011 | 1.3% | -3.3% |
| 2012 | 1.4% | +5.0% |
| 2013 | 1.5% | +3.7% |
| 2014 | 1.0% | -29.1% |
| 2015 | 1.0% | -1.9% |
| 2016 | 1.3% | +31.2% |
| 2017 | 1.4% | +2.7% |
| 2018 | 1.8% | +30.5% |
| 2019 | 3.8% | +113.8% |
| 2020 | 10.7% | +180.3% |
| 2021 | 5.8% | -45.7% |
| 2022 | 2.5% | -56.6% |
| 2023 | 4.0% | +59.7% |
| 2024 | 4.8% | +19.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.8% is below the median for lower middle income countries, which is 8.4%, 57% of the median. (43 countries reporting)
- Papua New Guinea's 4.8% is below the median for East Asia & Pacific, which is 4.9%, 97% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.0% | 3.8% | 5.7% | 4 |
| 1980s | 12.1% | 6.3% | 18.4% | 10 |
| 1990s | 10.8% | 8.3% | 18.4% | 10 |
| 2000s | 5.7% | 1.8% | 8.4% | 10 |
| 2010s | 1.6% | 1.0% | 3.8% | 10 |
| 2020s | 5.6% | 2.5% | 10.7% | 5 |
Countries ranked near Papua New Guinea
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 (ppg and imf only, % of exports of goods, services and) in Papua New Guinea?
- Debt service (ppg and imf only, % of exports of goods, services and) in Papua New Guinea was 4.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Papua New Guinea?
- The highest recorded value was 18.4% in 1988.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Papua New Guinea?
- The lowest recorded value was 1.0% in 2015.
- How does Papua New Guinea rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Papua New Guinea ranks 87th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Papua New Guinea?
- Over the last ten years it is up 363.5%. 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 (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.