Public and publicly guaranteed debt service in Papua New Guinea
Papua New Guinea: Public and publicly guaranteed debt service was 4.6% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Papua New Guinea, 1976–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for public and publicly guaranteed debt service in Papua New Guinea is 4.6%, measured in 2024.
That represents a change of up 18.9% on the previous year and up 345.3% over ten years.
Over the whole period, public and publicly guaranteed debt service in Papua New Guinea peaked at 18.2% in 1990 and was at its lowest, 1.0%, in 2015.
Papua New Guinea ranks 81st of 120 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.
Public and publicly guaranteed debt service in Papua New Guinea, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1976 | 4.1% | — |
| 1977 | 3.6% | -12.5% |
| 1978 | 3.9% | +8.0% |
| 1979 | 4.4% | +14.3% |
| 1980 | 5.6% | +26.4% |
| 1981 | 6.9% | +23.0% |
| 1982 | 10.4% | +49.9% |
| 1983 | 10.3% | -1.0% |
| 1984 | 12.5% | +21.5% |
| 1985 | 12.0% | -4.0% |
| 1986 | 9.8% | -18.4% |
| 1987 | 12.1% | +23.9% |
| 1988 | 18.1% | +49.6% |
| 1989 | 14.7% | -18.8% |
| 1990 | 18.2% | +23.6% |
| 1991 | 12.6% | -30.6% |
| 1992 | 8.5% | -32.6% |
| 1993 | 8.7% | +2.2% |
| 1994 | 11.3% | +30.5% |
| 1995 | 9.5% | -16.3% |
| 1996 | 8.3% | -13.0% |
| 1997 | 10.5% | +26.8% |
| 1998 | 8.0% | -23.3% |
| 1999 | 7.3% | -8.7% |
| 2000 | 7.2% | -2.6% |
| 2001 | 6.9% | -3.8% |
| 2002 | 7.6% | +10.4% |
| 2003 | 7.0% | -8.0% |
| 2004 | 6.2% | -11.6% |
| 2005 | 4.2% | -32.5% |
| 2006 | 3.4% | -17.2% |
| 2007 | 4.0% | +17.2% |
| 2008 | 3.1% | -22.8% |
| 2009 | 1.8% | -42.4% |
| 2010 | 1.4% | -23.5% |
| 2011 | 1.3% | -2.8% |
| 2012 | 1.4% | +5.2% |
| 2013 | 1.5% | +3.5% |
| 2014 | 1.0% | -29.0% |
| 2015 | 1.0% | -1.9% |
| 2016 | 1.3% | +31.2% |
| 2017 | 1.4% | +2.8% |
| 2018 | 1.8% | +30.5% |
| 2019 | 3.8% | +113.2% |
| 2020 | 10.7% | +181.2% |
| 2021 | 5.8% | -45.6% |
| 2022 | 2.5% | -57.3% |
| 2023 | 3.9% | +56.2% |
| 2024 | 4.6% | +18.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.6% is below the median for lower middle income countries, which is 6.4%, 72% of the median. (43 countries reporting)
- Papua New Guinea's 4.6% is below the median for East Asia & Pacific, which is 4.7%, 97% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 3.6% | 4.4% | 4 |
| 1980s | 11.2% | 5.6% | 18.1% | 10 |
| 1990s | 10.3% | 7.3% | 18.2% | 10 |
| 2000s | 5.1% | 1.8% | 7.6% | 10 |
| 2010s | 1.6% | 1.0% | 3.8% | 10 |
| 2020s | 5.5% | 2.5% | 10.7% | 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 38.54 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Papua New Guinea?
- Public and publicly guaranteed debt service in Papua New Guinea was 4.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Papua New Guinea?
- The highest recorded value was 18.2% in 1990.
- What is the lowest public and publicly guaranteed debt service recorded in Papua New Guinea?
- The lowest recorded value was 1.0% in 2015.
- How does Papua New Guinea rank for public and publicly guaranteed debt service?
- Papua New Guinea ranks 81st out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Papua New Guinea?
- Over the last ten years it is up 345.3%. 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 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.