External debt stocks, public and publicly guaranteed (PPG) in Papua New Guinea
Papua New Guinea: External debt stocks, public and publicly guaranteed (PPG) was 7.25 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
7.25 billion DOD, current US$
Change on year
up 1.5%
World rank
61st
of 122 countries
All-time high
7.25 billion DOD, current US$
in 2024
All-time low
36.18 million DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, public and publicly guaranteed (PPG) in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Papua New Guinea recorded 7.25 billion DOD, current US$ for external debt stocks, public and publicly guaranteed (ppg) in 2024. That is the highest value across all 55 years on record.
The figure is up 1.5% on the previous year and up 429.7% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) in Papua New Guinea peaked at 7.25 billion DOD, current US$ in 2024 and was at its lowest, 36.18 million DOD, current US$, in 1970.
Papua New Guinea ranks 61st of 122 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, public and publicly guaranteed (PPG) in Papua New Guinea, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 36.18 million DOD, current US$ | — |
| 1971 | 89.38 million DOD, current US$ | +147.1% |
| 1972 | 130.43 million DOD, current US$ | +45.9% |
| 1973 | 219.58 million DOD, current US$ | +68.4% |
| 1974 | 244.32 million DOD, current US$ | +11.3% |
| 1975 | 275.04 million DOD, current US$ | +12.6% |
| 1976 | 285.98 million DOD, current US$ | +4.0% |
| 1977 | 341.50 million DOD, current US$ | +19.4% |
| 1978 | 368.04 million DOD, current US$ | +7.8% |
| 1979 | 393.27 million DOD, current US$ | +6.9% |
| 1980 | 485.47 million DOD, current US$ | +23.4% |
| 1981 | 609.47 million DOD, current US$ | +25.5% |
| 1982 | 721.14 million DOD, current US$ | +18.3% |
| 1983 | 913.00 million DOD, current US$ | +26.6% |
| 1984 | 960.34 million DOD, current US$ | +5.2% |
| 1985 | 1.07 billion DOD, current US$ | +11.4% |
| 1986 | 1.23 billion DOD, current US$ | +15.3% |
| 1987 | 1.43 billion DOD, current US$ | +15.9% |
| 1988 | 1.25 billion DOD, current US$ | -12.4% |
| 1989 | 1.32 billion DOD, current US$ | +5.7% |
| 1990 | 1.52 billion DOD, current US$ | +15.0% |
| 1991 | 1.63 billion DOD, current US$ | +7.1% |
| 1992 | 1.59 billion DOD, current US$ | -2.4% |
| 1993 | 1.62 billion DOD, current US$ | +1.5% |
| 1994 | 1.73 billion DOD, current US$ | +7.2% |
| 1995 | 1.67 billion DOD, current US$ | -3.7% |
| 1996 | 1.54 billion DOD, current US$ | -7.4% |
| 1997 | 1.34 billion DOD, current US$ | -13.4% |
| 1998 | 1.43 billion DOD, current US$ | +6.8% |
| 1999 | 1.47 billion DOD, current US$ | +2.6% |
| 2000 | 1.45 billion DOD, current US$ | -0.9% |
| 2001 | 1.37 billion DOD, current US$ | -5.8% |
| 2002 | 1.44 billion DOD, current US$ | +5.0% |
| 2003 | 1.50 billion DOD, current US$ | +4.6% |
| 2004 | 1.45 billion DOD, current US$ | -4.0% |
| 2005 | 1.26 billion DOD, current US$ | -12.5% |
| 2006 | 1.21 billion DOD, current US$ | -4.2% |
| 2007 | 1.13 billion DOD, current US$ | -6.7% |
| 2008 | 1.07 billion DOD, current US$ | -5.5% |
| 2009 | 1.04 billion DOD, current US$ | -2.1% |
| 2010 | 1.04 billion DOD, current US$ | -0.2% |
| 2011 | 1.07 billion DOD, current US$ | +2.6% |
| 2012 | 1.13 billion DOD, current US$ | +5.7% |
| 2013 | 1.26 billion DOD, current US$ | +11.1% |
| 2014 | 1.37 billion DOD, current US$ | +9.0% |
| 2015 | 1.50 billion DOD, current US$ | +9.7% |
| 2016 | 1.92 billion DOD, current US$ | +28.0% |
| 2017 | 2.31 billion DOD, current US$ | +20.0% |
| 2018 | 3.41 billion DOD, current US$ | +47.9% |
| 2019 | 4.31 billion DOD, current US$ | +26.5% |
| 2020 | 5.14 billion DOD, current US$ | +19.2% |
| 2021 | 6.05 billion DOD, current US$ | +17.6% |
| 2022 | 6.75 billion DOD, current US$ | +11.6% |
| 2023 | 7.14 billion DOD, current US$ | +5.8% |
| 2024 | 7.25 billion DOD, current US$ | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 238.37 million DOD, current US$ | 36.18 million DOD, current US$ | 393.27 million DOD, current US$ | 10 |
| 1980s | 999.90 million DOD, current US$ | 485.47 million DOD, current US$ | 1.43 billion DOD, current US$ | 10 |
| 1990s | 1.55 billion DOD, current US$ | 1.34 billion DOD, current US$ | 1.73 billion DOD, current US$ | 10 |
| 2000s | 1.29 billion DOD, current US$ | 1.04 billion DOD, current US$ | 1.50 billion DOD, current US$ | 10 |
| 2010s | 1.93 billion DOD, current US$ | 1.04 billion DOD, current US$ | 4.31 billion DOD, current US$ | 10 |
| 2020s | 6.47 billion DOD, current US$ | 5.14 billion DOD, current US$ | 7.25 billion DOD, current US$ | 5 |
Countries ranked near Papua New Guinea
- 58 Rwanda 8.35 billion DOD, current US$ compare
- 59 Jamaica 7.94 billion DOD, current US$ compare
- 60 Democratic Republic of Congo 7.92 billion DOD, current US$ compare
- 62 Nicaragua 7.21 billion DOD, current US$ compare
- 63 Armenia 6.31 billion DOD, current US$ compare
- 64 North Macedonia 5.75 billion DOD, 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 external debt stocks, public and publicly guaranteed (ppg) in Papua New Guinea?
- External debt stocks, public and publicly guaranteed (ppg) in Papua New Guinea was 7.25 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) recorded in Papua New Guinea?
- The highest recorded value was 7.25 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) recorded in Papua New Guinea?
- The lowest recorded value was 36.18 million DOD, current US$ in 1970.
- How does Papua New Guinea rank for external debt stocks, public and publicly guaranteed (ppg)?
- Papua New Guinea ranks 61st out of 122 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) rising or falling in Papua New Guinea?
- Over the last ten years it is up 429.7%. 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 External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.