Public and publicly guaranteed debt service in Pacific island small states
Pacific island small states: Public and publicly guaranteed debt service was 2.5% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Pacific island small states, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Pacific island small states recorded 2.5% for public and publicly guaranteed debt service in 2024.
Compared with earlier readings it is up 12.0% on the previous year and up 123.0% over ten years.
Over the whole period, public and publicly guaranteed debt service in Pacific island small states peaked at 4.9% in 1990 and was at its lowest, 0.5%, in 1971.
Pacific island small states ranks 8th of 32 groups on this measure, in the top quarter.
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 GNI | Change |
|---|---|---|
| 1970 | 1.1% | — |
| 1971 | 0.5% | -51.0% |
| 1972 | 0.7% | +31.5% |
| 1973 | 0.8% | +17.1% |
| 1974 | 1.2% | +49.0% |
| 1975 | 1.1% | -10.3% |
| 1976 | 1.5% | +39.7% |
| 1977 | 1.5% | -4.9% |
| 1978 | 2.1% | +45.0% |
| 1979 | 1.4% | -32.3% |
| 1980 | 1.7% | +19.3% |
| 1981 | 1.8% | +7.9% |
| 1982 | 2.4% | +30.8% |
| 1983 | 2.8% | +17.6% |
| 1984 | 3.7% | +30.7% |
| 1985 | 4.1% | +11.9% |
| 1986 | 3.9% | -6.5% |
| 1987 | 4.5% | +16.2% |
| 1988 | 4.5% | -1.1% |
| 1989 | 4.5% | +1.9% |
| 1990 | 4.9% | +8.6% |
| 1991 | 4.7% | -3.9% |
| 1992 | 3.3% | -30.2% |
| 1993 | 3.0% | -10.8% |
| 1994 | 3.1% | +3.4% |
| 1995 | 1.8% | -41.1% |
| 1996 | 1.3% | -27.8% |
| 1997 | 0.9% | -29.0% |
| 1998 | 1.3% | +45.9% |
| 1999 | 1.5% | +8.9% |
| 2000 | 1.4% | -2.4% |
| 2001 | 1.0% | -28.0% |
| 2002 | 1.0% | -1.3% |
| 2003 | 0.9% | -7.2% |
| 2004 | 0.7% | -25.2% |
| 2005 | 0.7% | +3.5% |
| 2006 | 0.7% | -8.3% |
| 2007 | 1.0% | +51.5% |
| 2008 | 1.0% | -1.0% |
| 2009 | 1.0% | +2.3% |
| 2010 | 1.0% | -3.1% |
| 2011 | 3.4% | +241.1% |
| 2012 | 1.1% | -68.8% |
| 2013 | 1.1% | +2.1% |
| 2014 | 1.1% | +4.5% |
| 2015 | 4.5% | +302.1% |
| 2016 | 1.4% | -69.2% |
| 2017 | 1.2% | -17.5% |
| 2018 | 1.3% | +16.4% |
| 2019 | 2.7% | +103.4% |
| 2020 | 3.8% | +37.9% |
| 2021 | 0.8% | -79.2% |
| 2022 | 1.9% | +145.4% |
| 2023 | 2.2% | +16.5% |
| 2024 | 2.5% | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | 0.5% | 2.1% | 10 |
| 1980s | 3.4% | 1.7% | 4.5% | 10 |
| 1990s | 2.6% | 0.9% | 4.9% | 10 |
| 2000s | 1.0% | 0.7% | 1.4% | 10 |
| 2010s | 1.9% | 1.0% | 4.5% | 10 |
| 2020s | 2.2% | 0.8% | 3.8% | 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)
- 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)
- Public and publicly guaranteed debt service 5.3% (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 2.5% 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 4.9% in 1990.
- What is the lowest public and publicly guaranteed debt service recorded in Pacific island small states?
- The lowest recorded value was 0.5% in 1971.
- How does Pacific island small states rank for public and publicly guaranteed debt service?
- Pacific island small states ranks 8th 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 123.0%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.