Public and publicly guaranteed debt service in Pacific island small states
Pacific island small states: Public and publicly guaranteed debt service was 5.3% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Pacific island small states, 1979–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, public and publicly guaranteed debt service in Pacific island small states stood at 5.3%.
Compared with earlier readings it is up 16.9% on the previous year and up 133.4% over ten years.
Over the whole period, public and publicly guaranteed debt service in Pacific island small states peaked at 12.5% in 2020 and was at its lowest, 1.4%, in 2004.
That places Pacific island small states 22nd out of 32 groups 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.
Public and publicly guaranteed debt service in Pacific island small states, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1979 | 2.9% | — |
| 1980 | 4.1% | +39.2% |
| 1981 | 5.1% | +24.6% |
| 1982 | 5.4% | +7.1% |
| 1983 | 6.2% | +14.1% |
| 1984 | 7.7% | +24.9% |
| 1985 | 8.5% | +10.4% |
| 1986 | 8.4% | -1.4% |
| 1987 | 9.2% | +9.8% |
| 1988 | 8.1% | -12.3% |
| 1989 | 7.5% | -7.3% |
| 1990 | 8.2% | +9.1% |
| 1991 | 8.4% | +3.5% |
| 1992 | 6.2% | -26.3% |
| 1993 | 5.5% | -10.9% |
| 1994 | 5.7% | +2.4% |
| 1995 | 3.3% | -41.7% |
| 1996 | 2.2% | -33.4% |
| 1997 | 1.5% | -30.6% |
| 1998 | 2.3% | +50.8% |
| 1999 | 2.6% | +11.0% |
| 2000 | 2.3% | -10.1% |
| 2001 | 1.8% | -19.8% |
| 2002 | 1.9% | +3.7% |
| 2003 | 1.7% | -13.6% |
| 2004 | 1.4% | -12.9% |
| 2005 | 1.5% | +4.7% |
| 2006 | 1.4% | -4.3% |
| 2007 | 2.2% | +52.0% |
| 2008 | 1.9% | -11.4% |
| 2009 | 2.3% | +17.8% |
| 2010 | 1.9% | -15.0% |
| 2011 | 6.1% | +215.7% |
| 2012 | 1.9% | -69.5% |
| 2013 | 2.1% | +11.7% |
| 2014 | 2.3% | +8.8% |
| 2015 | 9.8% | +331.3% |
| 2016 | 3.0% | -69.0% |
| 2017 | 2.5% | -18.6% |
| 2018 | 2.8% | +14.0% |
| 2019 | 5.7% | +99.9% |
| 2020 | 12.5% | +121.7% |
| 2021 | 2.6% | -79.0% |
| 2022 | 4.7% | +80.6% |
| 2023 | 4.6% | -4.1% |
| 2024 | 5.3% | +16.9% |
Biggest year-on-year movements
Years where Public and publicly guaranteed debt service in Pacific island small states 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 |
|---|---|---|---|
| 2015 | +331.3% | 2.3% | 9.8% |
| 2011 | +215.7% | 1.9% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9% | 2.9% | 2.9% | 1 |
| 1980s | 7.0% | 4.1% | 9.2% | 10 |
| 1990s | 4.6% | 1.5% | 8.4% | 10 |
| 2000s | 1.9% | 1.4% | 2.3% | 10 |
| 2010s | 3.8% | 1.9% | 9.8% | 10 |
| 2020s | 6.0% | 2.6% | 12.5% | 5 |
Countries ranked near Pacific island small states
More external debt data for Pacific island small states
- 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 2.5% (2024)
- Net financial flows, IDA 152.75 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 56.11 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0124 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 557,000 NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 319.86 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Pacific island small states?
- Public and publicly guaranteed debt service in Pacific island small states was 5.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Pacific island small states?
- The highest recorded value was 12.5% in 2020.
- What is the lowest public and publicly guaranteed debt service recorded in Pacific island small states?
- The lowest recorded value was 1.4% in 2004.
- How does Pacific island small states rank for public and publicly guaranteed debt service?
- Pacific island small states ranks 22nd out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Pacific island small states?
- Over the last ten years it is up 133.4%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. 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. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.