Central government debt, total in Papua New Guinea
Papua New Guinea: Central government debt, total was 52.0% in 2024. ▼ Falling
Central government debt, total in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, central government debt, total in Papua New Guinea stood at 52.0%.
The figure is down 0.7% on the previous year and up 93.4% over ten years.
Over the whole period, central government debt, total in Papua New Guinea peaked at 69.7% in 2002 and was at its lowest, 26.9%, in 2014.
Papua New Guinea ranks 44th of 83 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Central government debt, total in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 49.0% | — |
| 1991 | 46.6% | -4.8% |
| 1992 | 44.9% | -3.7% |
| 1993 | 44.3% | -1.2% |
| 1994 | 53.5% | +20.8% |
| 1995 | 53.7% | +0.2% |
| 1996 | 55.6% | +3.7% |
| 1997 | 62.4% | +12.2% |
| 1998 | 66.4% | +6.3% |
| 1999 | 63.5% | -4.2% |
| 2000 | 57.7% | -9.1% |
| 2001 | 68.3% | +18.2% |
| 2002 | 69.7% | +2.1% |
| 2014 | 26.9% | -61.4% |
| 2015 | 29.9% | +11.1% |
| 2016 | 33.7% | +12.9% |
| 2017 | 32.7% | -3.1% |
| 2018 | 36.7% | +12.2% |
| 2019 | 40.2% | +9.5% |
| 2020 | 48.7% | +21.2% |
| 2021 | 52.6% | +8.0% |
| 2022 | 48.2% | -8.3% |
| 2023 | 52.4% | +8.7% |
| 2024 | 52.0% | -0.7% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 52.0% is above the median for lower middle income countries, which is 48.9%, 1.1× the median. (16 countries reporting)
- Papua New Guinea's 52.0% is above the median for East Asia & Pacific, which is 49.9%, 1.0× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.0% | 44.3% | 66.4% | 10 |
| 2000s | 65.2% | 57.7% | 69.7% | 3 |
| 2010s | 33.3% | 26.9% | 40.2% | 6 |
| 2020s | 50.8% | 48.2% | 52.6% | 5 |
Countries ranked near Papua New Guinea
- 41 Netherlands 54.2% compare
- 42 Saint Vincent and the Grenadines 53.7% compare
- 43 Cyprus 53.7% compare
- 45 New Zealand 52.0% compare
- 46 Morocco 51.2% compare
- 47 Mexico 50.3% compare
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is central government debt, total in Papua New Guinea?
- Central government debt, total in Papua New Guinea was 52.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Papua New Guinea?
- The highest recorded value was 69.7% in 2002.
- What is the lowest central government debt, total recorded in Papua New Guinea?
- The lowest recorded value was 26.9% in 2014.
- How does Papua New Guinea rank for central government debt, total?
- Papua New Guinea ranks 44th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Papua New Guinea?
- Over the last ten years it is up 93.4%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.