Use of IMF credit in Papua New Guinea
Papua New Guinea: Use of IMF credit was 1.25 billion DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Papua New Guinea, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Papua New Guinea recorded 1.25 billion DOD, current US$ for use of imf credit in 2024. That is the highest value across all 51 years on record.
The figure is up 21.0% on the previous year and up 590.1% over ten years.
Over the whole period, use of imf credit in Papua New Guinea peaked at 1.25 billion DOD, current US$ in 2024 and was at its lowest, 0 DOD, current US$, in 1974.
That places Papua New Guinea 49th out of 122 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in Papua New Guinea, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1974 | 0 DOD, current US$ | — |
| 1975 | 0 DOD, current US$ | — |
| 1976 | 28.77 million DOD, current US$ | — |
| 1977 | 30.01 million DOD, current US$ | +4.3% |
| 1978 | 30.04 million DOD, current US$ | +0.1% |
| 1979 | 23.87 million DOD, current US$ | -20.5% |
| 1980 | 30.93 million DOD, current US$ | +29.6% |
| 1981 | 75.15 million DOD, current US$ | +143.0% |
| 1982 | 71.16 million DOD, current US$ | -5.3% |
| 1983 | 67.56 million DOD, current US$ | -5.1% |
| 1984 | 33.93 million DOD, current US$ | -49.8% |
| 1985 | 28.92 million DOD, current US$ | -14.8% |
| 1986 | 15.09 million DOD, current US$ | -47.8% |
| 1987 | 11.98 million DOD, current US$ | -20.6% |
| 1988 | 6.12 million DOD, current US$ | -48.9% |
| 1989 | 3.04 million DOD, current US$ | -50.3% |
| 1990 | 61.05 million DOD, current US$ | +1908.4% |
| 1991 | 61.27 million DOD, current US$ | +0.4% |
| 1992 | 58.90 million DOD, current US$ | -3.9% |
| 1993 | 44.13 million DOD, current US$ | -25.1% |
| 1994 | 15.63 million DOD, current US$ | -64.6% |
| 1995 | 49.56 million DOD, current US$ | +217.0% |
| 1996 | 50.82 million DOD, current US$ | +2.5% |
| 1997 | 47.68 million DOD, current US$ | -6.2% |
| 1998 | 45.55 million DOD, current US$ | -4.5% |
| 1999 | 34.29 million DOD, current US$ | -24.7% |
| 2000 | 51.05 million DOD, current US$ | +48.9% |
| 2001 | 119.19 million DOD, current US$ | +133.5% |
| 2002 | 128.94 million DOD, current US$ | +8.2% |
| 2003 | 135.36 million DOD, current US$ | +5.0% |
| 2004 | 78.71 million DOD, current US$ | -41.9% |
| 2005 | 13.29 million DOD, current US$ | -83.1% |
| 2006 | 13.99 million DOD, current US$ | +5.3% |
| 2007 | 14.70 million DOD, current US$ | +5.0% |
| 2008 | 14.32 million DOD, current US$ | -2.5% |
| 2009 | 196.74 million DOD, current US$ | +1273.4% |
| 2010 | 193.26 million DOD, current US$ | -1.8% |
| 2011 | 192.67 million DOD, current US$ | -0.3% |
| 2012 | 192.88 million DOD, current US$ | +0.1% |
| 2013 | 193.26 million DOD, current US$ | +0.2% |
| 2014 | 181.82 million DOD, current US$ | -5.9% |
| 2015 | 173.90 million DOD, current US$ | -4.4% |
| 2016 | 168.71 million DOD, current US$ | -3.0% |
| 2017 | 178.72 million DOD, current US$ | +5.9% |
| 2018 | 174.54 million DOD, current US$ | -2.3% |
| 2019 | 173.54 million DOD, current US$ | -0.6% |
| 2020 | 559.82 million DOD, current US$ | +222.6% |
| 2021 | 897.08 million DOD, current US$ | +60.2% |
| 2022 | 853.02 million DOD, current US$ | -4.9% |
| 2023 | 1.04 billion DOD, current US$ | +21.5% |
| 2024 | 1.25 billion DOD, current US$ | +21.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.78 million DOD, current US$ | 0 DOD, current US$ | 30.04 million DOD, current US$ | 6 |
| 1980s | 34.39 million DOD, current US$ | 3.04 million DOD, current US$ | 75.15 million DOD, current US$ | 10 |
| 1990s | 46.89 million DOD, current US$ | 15.63 million DOD, current US$ | 61.27 million DOD, current US$ | 10 |
| 2000s | 76.63 million DOD, current US$ | 13.29 million DOD, current US$ | 196.74 million DOD, current US$ | 10 |
| 2010s | 182.33 million DOD, current US$ | 168.71 million DOD, current US$ | 193.26 million DOD, current US$ | 10 |
| 2020s | 920.23 million DOD, current US$ | 559.82 million DOD, current US$ | 1.25 billion DOD, current US$ | 5 |
Countries ranked near Papua New Guinea
- 46 Belarus 1.33 billion DOD, current US$ compare
- 47 Zimbabwe 1.33 billion DOD, current US$ compare
- 48 Madagascar 1.30 billion DOD, current US$ compare
- 50 Uzbekistan 1.21 billion DOD, current US$ compare
- 51 Benin 1.18 billion DOD, current US$ compare
- 52 Mozambique 1.15 billion DOD, current US$ compare
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 use of imf credit in Papua New Guinea?
- Use of imf credit in Papua New Guinea was 1.25 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Papua New Guinea?
- The highest recorded value was 1.25 billion DOD, current US$ in 2024.
- What is the lowest use of imf credit recorded in Papua New Guinea?
- The lowest recorded value was 0 DOD, current US$ in 1974.
- How does Papua New Guinea rank for use of imf credit?
- Papua New Guinea ranks 49th out of 122 countries with data for 2024.
- Is use of imf credit rising or falling in Papua New Guinea?
- Over the last ten years it is up 590.1%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.