Multilateral debt service in Papua New Guinea
Papua New Guinea: Multilateral debt service was 52.0% in 2024. ◆ Volatile
Multilateral debt service in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
Papua New Guinea recorded 52.0% for multilateral debt service in 2024.
The figure is up 2.1% on the previous year and down 19.3% over ten years.
Over the whole period, multilateral debt service in Papua New Guinea peaked at 78.3% in 2007 and was at its lowest, 2.1%, in 1970.
Papua New Guinea ranks 45th of 123 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.
Multilateral debt service in Papua New Guinea, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1970 | 2.1% | — |
| 1971 | 7.6% | +253.5% |
| 1972 | 12.8% | +69.8% |
| 1973 | 19.8% | +54.2% |
| 1974 | 12.2% | -38.3% |
| 1975 | 16.9% | +38.4% |
| 1976 | 17.4% | +2.9% |
| 1977 | 20.4% | +17.2% |
| 1978 | 21.9% | +7.6% |
| 1979 | 15.4% | -29.7% |
| 1980 | 14.0% | -9.3% |
| 1981 | 14.3% | +2.2% |
| 1982 | 11.3% | -21.2% |
| 1983 | 12.4% | +10.4% |
| 1984 | 10.9% | -12.3% |
| 1985 | 12.8% | +17.1% |
| 1986 | 18.3% | +43.2% |
| 1987 | 21.5% | +17.4% |
| 1988 | 20.6% | -4.1% |
| 1989 | 23.5% | +14.0% |
| 1990 | 23.0% | -2.0% |
| 1991 | 29.9% | +29.9% |
| 1992 | 42.0% | +40.6% |
| 1993 | 40.1% | -4.6% |
| 1994 | 31.7% | -20.8% |
| 1995 | 31.7% | -0.2% |
| 1996 | 35.0% | +10.5% |
| 1997 | 29.8% | -15.0% |
| 1998 | 46.8% | +57.2% |
| 1999 | 53.8% | +15.0% |
| 2000 | 49.8% | -7.4% |
| 2001 | 53.4% | +7.2% |
| 2002 | 53.2% | -0.4% |
| 2003 | 42.3% | -20.4% |
| 2004 | 40.2% | -5.0% |
| 2005 | 46.4% | +15.2% |
| 2006 | 68.7% | +48.2% |
| 2007 | 78.3% | +13.9% |
| 2008 | 41.2% | -47.3% |
| 2009 | 58.6% | +42.1% |
| 2010 | 56.7% | -3.2% |
| 2011 | 52.6% | -7.3% |
| 2012 | 55.4% | +5.3% |
| 2013 | 61.5% | +11.0% |
| 2014 | 64.4% | +4.8% |
| 2015 | 70.3% | +9.1% |
| 2016 | 65.9% | -6.3% |
| 2017 | 55.8% | -15.3% |
| 2018 | 49.7% | -10.9% |
| 2019 | 27.2% | -45.3% |
| 2020 | 11.4% | -58.2% |
| 2021 | 18.4% | +61.9% |
| 2022 | 42.7% | +132.0% |
| 2023 | 50.9% | +19.3% |
| 2024 | 52.0% | +2.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 52.0% is above the median for lower middle income countries, which is 34.3%, 1.5× the median. (43 countries reporting)
- Papua New Guinea's 52.0% is above the median for East Asia & Pacific, which is 29.9%, 1.7× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Multilateral debt service 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 |
|---|---|---|---|
| 1971 | +253.5% | 2.1% | 7.6% |
| 2022 | +132.0% | 18.4% | 42.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.7% | 2.1% | 21.9% | 10 |
| 1980s | 16.0% | 10.9% | 23.5% | 10 |
| 1990s | 36.4% | 23.0% | 53.8% | 10 |
| 2000s | 53.2% | 40.2% | 78.3% | 10 |
| 2010s | 56.0% | 27.2% | 70.3% | 10 |
| 2020s | 35.1% | 11.4% | 52.0% | 5 |
Countries ranked near Papua New Guinea
- 42 Guatemala 57.6% compare
- 43 Bangladesh 53.1% compare
- 44 Belize 52.5% compare
- 46 Sudan 51.2% compare
- 47 Cape Verde 50.8% compare
- 48 North Macedonia 47.7% 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 multilateral debt service in Papua New Guinea?
- Multilateral debt service in Papua New Guinea was 52.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Papua New Guinea?
- The highest recorded value was 78.3% in 2007.
- What is the lowest multilateral debt service recorded in Papua New Guinea?
- The lowest recorded value was 2.1% in 1970.
- How does Papua New Guinea rank for multilateral debt service?
- Papua New Guinea ranks 45th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Papua New Guinea?
- Over the last ten years it is down 19.3%. 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 Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. 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.