PPG, private creditors in Papua New Guinea
Papua New Guinea: PPG, private creditors was -8.07 million NFL, US$ in 2024. ◆ Volatile
PPG, private creditors in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, US$.
Analysis
Papua New Guinea recorded -8.07 million NFL, US$ for ppg, private creditors in 2024.
Compared with earlier readings it is up 27.0% on the previous year and down 31.2% over ten years.
Over the whole period, ppg, private creditors in Papua New Guinea peaked at 689.64 million NFL, US$ in 2018 and was at its lowest, -329.82 million NFL, US$, in 2021.
That places Papua New Guinea 83rd out of 120 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, private creditors in Papua New Guinea, year by year
| Year | NFL, US$ | Change |
|---|---|---|
| 1970 | 37.24 million NFL, US$ | — |
| 1971 | 28.57 million NFL, US$ | -23.3% |
| 1972 | 9.46 million NFL, US$ | -66.9% |
| 1973 | 52.41 million NFL, US$ | +453.7% |
| 1974 | 21.47 million NFL, US$ | -59.0% |
| 1975 | 23.50 million NFL, US$ | +9.4% |
| 1976 | 16.45 million NFL, US$ | -30.0% |
| 1977 | 21.68 million NFL, US$ | +31.8% |
| 1978 | -2.63 million NFL, US$ | -112.1% |
| 1979 | 18.26 million NFL, US$ | -793.2% |
| 1980 | 54.67 million NFL, US$ | +199.4% |
| 1981 | 104.02 million NFL, US$ | +90.3% |
| 1982 | 91.48 million NFL, US$ | -12.1% |
| 1983 | 113.94 million NFL, US$ | +24.5% |
| 1984 | 5.97 million NFL, US$ | -94.8% |
| 1985 | 9.00 million NFL, US$ | +50.7% |
| 1986 | 15.00 million NFL, US$ | +66.6% |
| 1987 | -48.48 million NFL, US$ | -423.2% |
| 1988 | -79.21 million NFL, US$ | +63.4% |
| 1989 | 10.26 million NFL, US$ | -113.0% |
| 1990 | -90.56 million NFL, US$ | -982.7% |
| 1991 | -58.01 million NFL, US$ | -35.9% |
| 1992 | -36.62 million NFL, US$ | -36.9% |
| 1993 | -64.80 million NFL, US$ | +77.0% |
| 1994 | -25,000 NFL, US$ | -100.0% |
| 1995 | -108.58 million NFL, US$ | +434232.0% |
| 1996 | -54.33 million NFL, US$ | -50.0% |
| 1997 | -54.24 million NFL, US$ | -0.2% |
| 1998 | -19.90 million NFL, US$ | -63.3% |
| 1999 | -16.11 million NFL, US$ | -19.1% |
| 2000 | 72.22 million NFL, US$ | -548.3% |
| 2001 | 17.19 million NFL, US$ | -76.2% |
| 2002 | 5.42 million NFL, US$ | -68.4% |
| 2003 | -37.03 million NFL, US$ | -782.7% |
| 2004 | -50.44 million NFL, US$ | +36.2% |
| 2005 | -37.20 million NFL, US$ | -26.2% |
| 2006 | -5.75 million NFL, US$ | -84.6% |
| 2007 | -5.24 million NFL, US$ | -8.8% |
| 2008 | -6.30 million NFL, US$ | +20.2% |
| 2009 | -6.91 million NFL, US$ | +9.7% |
| 2010 | -7.35 million NFL, US$ | +6.3% |
| 2011 | -8.07 million NFL, US$ | +9.8% |
| 2012 | -8.21 million NFL, US$ | +1.8% |
| 2013 | -6.64 million NFL, US$ | -19.2% |
| 2014 | -6.15 million NFL, US$ | -7.4% |
| 2015 | -362,000 NFL, US$ | -94.1% |
| 2016 | 216.20 million NFL, US$ | -59822.7% |
| 2017 | 128.84 million NFL, US$ | -40.4% |
| 2018 | 689.64 million NFL, US$ | +435.3% |
| 2019 | 116.42 million NFL, US$ | -83.1% |
| 2020 | -229.14 million NFL, US$ | -296.8% |
| 2021 | -329.82 million NFL, US$ | +43.9% |
| 2022 | -7.92 million NFL, US$ | -97.6% |
| 2023 | -11.06 million NFL, US$ | +39.6% |
| 2024 | -8.07 million NFL, US$ | -27.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's -8.07 million NFL, US$ is below the median for lower middle income countries, which is -137,000 NFL, US$, 58.9× the median. (42 countries reporting)
- Papua New Guinea's -8.07 million NFL, US$ is below the median for East Asia & Pacific, which is -594,000 NFL, US$, 13.6× the median. (15 countries reporting)
Biggest year-on-year movements
Years where PPG, private creditors in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | -434232.0% | -25,000 NFL, US$ | -108.58 million NFL, US$ |
| 2016 | +59822.7% | -362,000 NFL, US$ | 216.20 million NFL, US$ |
| 1990 | -982.7% | 10.26 million NFL, US$ | -90.56 million NFL, US$ |
| 1979 | +793.2% | -2.63 million NFL, US$ | 18.26 million NFL, US$ |
| 2003 | -782.7% | 5.42 million NFL, US$ | -37.03 million NFL, US$ |
| 2000 | +548.3% | -16.11 million NFL, US$ | 72.22 million NFL, US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.64 million NFL, US$ | -2.63 million NFL, US$ | 52.41 million NFL, US$ | 10 |
| 1980s | 27.66 million NFL, US$ | -79.21 million NFL, US$ | 113.94 million NFL, US$ | 10 |
| 1990s | -50.32 million NFL, US$ | -108.58 million NFL, US$ | -25,000 NFL, US$ | 10 |
| 2000s | -5.40 million NFL, US$ | -50.44 million NFL, US$ | 72.22 million NFL, US$ | 10 |
| 2010s | 111.43 million NFL, US$ | -8.21 million NFL, US$ | 689.64 million NFL, US$ | 10 |
| 2020s | -117.20 million NFL, US$ | -329.82 million NFL, US$ | -7.92 million 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, private creditors in Papua New Guinea?
- Ppg, private creditors in Papua New Guinea was -8.07 million NFL, US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, private creditors recorded in Papua New Guinea?
- The highest recorded value was 689.64 million NFL, US$ in 2018.
- What is the lowest ppg, private creditors recorded in Papua New Guinea?
- The lowest recorded value was -329.82 million NFL, US$ in 2021.
- How does Papua New Guinea rank for ppg, private creditors?
- Papua New Guinea ranks 83rd out of 120 countries with data for 2024.
- Is ppg, private creditors rising or falling in Papua New Guinea?
- Over the last ten years it is down 31.2%. 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, private creditors (NFL, US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. 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.