PPG, official creditors (NFL, US$) in Papua New Guinea
Papua New Guinea: PPG, official creditors (NFL, US$) was 378.17 million NFL, US$ in 2024. ◆ Volatile
PPG, official creditors in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, US$.
Analysis
Papua New Guinea recorded 378.17 million NFL, US$ for ppg, official creditors in 2024.
Compared with earlier readings it is down 8.9% on the previous year and up 115.1% over ten years.
Over the whole period, ppg, official creditors in Papua New Guinea peaked at 1.33 billion NFL, US$ in 2021 and was at its lowest, -130.97 million NFL, US$, in 2008.
That places Papua New Guinea 40th out of 123 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, official creditors (NFL, US$) in Papua New Guinea, year by year
| Year | NFL, US$ | Change |
|---|---|---|
| 1970 | 5.41 million NFL, US$ | — |
| 1971 | 20.32 million NFL, US$ | +275.7% |
| 1972 | 23.93 million NFL, US$ | +17.7% |
| 1973 | 16.31 million NFL, US$ | -31.8% |
| 1974 | 14.96 million NFL, US$ | -8.3% |
| 1975 | 16.07 million NFL, US$ | +7.5% |
| 1976 | 7.94 million NFL, US$ | -50.6% |
| 1977 | 16.80 million NFL, US$ | +111.5% |
| 1978 | 12.98 million NFL, US$ | -22.7% |
| 1979 | 12.82 million NFL, US$ | -1.3% |
| 1980 | 34.07 million NFL, US$ | +165.8% |
| 1981 | 34.05 million NFL, US$ | -0.0% |
| 1982 | 41.83 million NFL, US$ | +22.8% |
| 1983 | 95.84 million NFL, US$ | +129.1% |
| 1984 | 83.02 million NFL, US$ | -13.4% |
| 1985 | 42.55 million NFL, US$ | -48.8% |
| 1986 | 60.56 million NFL, US$ | +42.3% |
| 1987 | 109.11 million NFL, US$ | +80.2% |
| 1988 | 36.67 million NFL, US$ | -66.4% |
| 1989 | 108.61 million NFL, US$ | +196.2% |
| 1990 | 186.26 million NFL, US$ | +71.5% |
| 1991 | 128.79 million NFL, US$ | -30.9% |
| 1992 | 36.11 million NFL, US$ | -72.0% |
| 1993 | 25.25 million NFL, US$ | -30.1% |
| 1994 | -18.59 million NFL, US$ | -173.6% |
| 1995 | 39.51 million NFL, US$ | -312.6% |
| 1996 | 41.09 million NFL, US$ | +4.0% |
| 1997 | -14.15 million NFL, US$ | -134.4% |
| 1998 | 4.49 million NFL, US$ | -131.8% |
| 1999 | -14.05 million NFL, US$ | -412.6% |
| 2000 | 31.93 million NFL, US$ | -327.3% |
| 2001 | 69.25 million NFL, US$ | +116.9% |
| 2002 | -39.48 million NFL, US$ | -157.0% |
| 2003 | -49.16 million NFL, US$ | +24.5% |
| 2004 | -48.86 million NFL, US$ | -0.6% |
| 2005 | -31.53 million NFL, US$ | -35.5% |
| 2006 | -63.14 million NFL, US$ | +100.2% |
| 2007 | -126.60 million NFL, US$ | +100.5% |
| 2008 | -130.97 million NFL, US$ | +3.5% |
| 2009 | -21.87 million NFL, US$ | -83.3% |
| 2010 | -23.20 million NFL, US$ | +6.1% |
| 2011 | 22.59 million NFL, US$ | -197.4% |
| 2012 | 91.10 million NFL, US$ | +303.2% |
| 2013 | 161.71 million NFL, US$ | +77.5% |
| 2014 | 175.81 million NFL, US$ | +8.7% |
| 2015 | 175.69 million NFL, US$ | -0.1% |
| 2016 | 244.76 million NFL, US$ | +39.3% |
| 2017 | 181.35 million NFL, US$ | -25.9% |
| 2018 | 451.84 million NFL, US$ | +149.2% |
| 2019 | 803.77 million NFL, US$ | +77.9% |
| 2020 | 922.15 million NFL, US$ | +14.7% |
| 2021 | 1.33 billion NFL, US$ | +44.3% |
| 2022 | 960.96 million NFL, US$ | -27.8% |
| 2023 | 415.13 million NFL, US$ | -56.8% |
| 2024 | 378.17 million NFL, US$ | -8.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 378.17 million NFL, US$ is above the median for lower middle income countries, which is 210.12 million NFL, US$, 1.8× the median. (43 countries reporting)
- Papua New Guinea's 378.17 million NFL, US$ is above the median for East Asia & Pacific, which is 5.11 million NFL, US$, 74.0× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.75 million NFL, US$ | 5.41 million NFL, US$ | 23.93 million NFL, US$ | 10 |
| 1980s | 64.63 million NFL, US$ | 34.05 million NFL, US$ | 109.11 million NFL, US$ | 10 |
| 1990s | 41.47 million NFL, US$ | -18.59 million NFL, US$ | 186.26 million NFL, US$ | 10 |
| 2000s | -41.04 million NFL, US$ | -130.97 million NFL, US$ | 69.25 million NFL, US$ | 10 |
| 2010s | 228.54 million NFL, US$ | -23.20 million NFL, US$ | 803.77 million NFL, US$ | 10 |
| 2020s | 801.41 million NFL, US$ | 378.17 million NFL, US$ | 1.33 billion NFL, US$ | 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 ppg, official creditors in Papua New Guinea?
- Ppg, official creditors in Papua New Guinea was 378.17 million NFL, US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, official creditors recorded in Papua New Guinea?
- The highest recorded value was 1.33 billion NFL, US$ in 2021.
- What is the lowest ppg, official creditors recorded in Papua New Guinea?
- The lowest recorded value was -130.97 million NFL, US$ in 2008.
- How does Papua New Guinea rank for ppg, official creditors?
- Papua New Guinea ranks 40th out of 123 countries with data for 2024.
- Is ppg, official creditors rising or falling in Papua New Guinea?
- Over the last ten years it is up 115.1%. 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 PPG, official creditors (NFL, US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.