Short-term debt (% of total external debt) in Papua New Guinea
Papua New Guinea: Short-term debt (% of total external debt) was 0.9% in 2024. ◆ Volatile
Short-term debt in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Papua New Guinea is 0.9%, measured in 2024.
The figure is up 682.1% on the previous year and down 76.2% over ten years.
Over the whole period, short-term debt in Papua New Guinea peaked at 15.5% in 2022 and was at its lowest, 0.0%, in 1970.
That places Papua New Guinea 106th out of 122 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Papua New Guinea, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 14.6% | — |
| 1978 | 9.1% | -38.0% |
| 1979 | 4.6% | -49.4% |
| 1980 | 8.9% | +93.5% |
| 1981 | 13.7% | +53.6% |
| 1982 | 11.2% | -18.2% |
| 1983 | 3.6% | -67.9% |
| 1984 | 7.1% | +99.2% |
| 1985 | 6.9% | -3.3% |
| 1986 | 3.1% | -54.8% |
| 1987 | 4.6% | +47.6% |
| 1988 | 6.0% | +30.0% |
| 1989 | 7.1% | +18.6% |
| 1990 | 2.8% | -61.2% |
| 1991 | 4.2% | +53.2% |
| 1992 | 10.9% | +157.2% |
| 1993 | 8.1% | -25.8% |
| 1994 | 3.5% | -56.1% |
| 1995 | 3.1% | -12.6% |
| 1996 | 1.3% | -56.5% |
| 1997 | 5.9% | +341.2% |
| 1998 | 5.8% | -2.8% |
| 1999 | 3.7% | -36.5% |
| 2000 | 3.0% | -17.9% |
| 2001 | 3.3% | +8.7% |
| 2002 | 2.7% | -17.7% |
| 2003 | 5.0% | +87.3% |
| 2004 | 4.5% | -10.4% |
| 2005 | 11.1% | +144.8% |
| 2006 | 4.5% | -59.3% |
| 2007 | 11.4% | +152.4% |
| 2008 | 0.7% | -93.9% |
| 2009 | 6.3% | +809.5% |
| 2010 | 6.9% | +9.2% |
| 2011 | 1.0% | -85.9% |
| 2012 | 1.7% | +79.0% |
| 2013 | 1.5% | -17.0% |
| 2014 | 4.0% | +172.3% |
| 2015 | 1.5% | -61.4% |
| 2016 | 3.4% | +125.6% |
| 2017 | 0.4% | -87.1% |
| 2018 | 2.6% | +487.5% |
| 2019 | 3.5% | +33.9% |
| 2020 | 2.2% | -36.9% |
| 2021 | 14.8% | +567.9% |
| 2022 | 15.5% | +5.3% |
| 2023 | 0.1% | -99.2% |
| 2024 | 0.9% | +682.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.9% is below the median for lower middle income countries, which is 9.0%, 11% of the median. (43 countries reporting)
- Papua New Guinea's 0.9% is below the median for East Asia & Pacific, which is 15.4%, 6% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) 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 |
|---|---|---|---|
| 2009 | +809.5% | 0.7% | 6.3% |
| 2024 | +682.1% | 0.1% | 0.9% |
| 2021 | +567.9% | 2.2% | 14.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | 0.0% | 14.6% | 10 |
| 1980s | 7.2% | 3.1% | 13.7% | 10 |
| 1990s | 4.9% | 1.3% | 10.9% | 10 |
| 2000s | 5.3% | 0.7% | 11.4% | 10 |
| 2010s | 2.7% | 0.4% | 6.9% | 10 |
| 2020s | 6.7% | 0.1% | 15.5% | 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 short-term debt in Papua New Guinea?
- Short-term debt in Papua New Guinea was 0.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Papua New Guinea?
- The highest recorded value was 15.5% in 2022.
- What is the lowest short-term debt recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 1970.
- How does Papua New Guinea rank for short-term debt?
- Papua New Guinea ranks 106th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Papua New Guinea?
- Over the last ten years it is down 76.2%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.