Debt service as a proportion of exports of goods, services and in Melanesia
Melanesia: Debt service as a proportion of exports of goods, services and was 3.7% in 2023. ◆ Volatile
Debt service as a proportion of exports of goods, services and in Melanesia, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Melanesia recorded 3.7% for debt service as a proportion of exports of goods, services and in 2023.
Compared with earlier readings it is up 33.1% on the previous year and up 141.9% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Melanesia peaked at 11.2% in 2020 and was at its lowest, 1.3%, in 2014.
That places Melanesia 101st out of 125 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Melanesia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.0% | — |
| 2001 | 5.1% | -15.0% |
| 2002 | 5.4% | +4.8% |
| 2003 | 5.0% | -7.1% |
| 2004 | 5.5% | +10.2% |
| 2005 | 4.2% | -23.6% |
| 2006 | 2.7% | -34.4% |
| 2007 | 3.4% | +24.7% |
| 2008 | 2.7% | -22.0% |
| 2009 | 1.9% | -30.7% |
| 2010 | 1.4% | -22.6% |
| 2011 | 2.8% | +97.2% |
| 2012 | 1.4% | -49.3% |
| 2013 | 1.5% | +7.5% |
| 2014 | 1.3% | -18.3% |
| 2015 | 3.5% | +178.5% |
| 2016 | 1.8% | -50.0% |
| 2017 | 1.6% | -11.4% |
| 2018 | 1.9% | +25.3% |
| 2019 | 4.3% | +122.3% |
| 2020 | 11.2% | +158.9% |
| 2021 | 5.3% | -52.8% |
| 2022 | 2.8% | -46.9% |
| 2023 | 3.7% | +33.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.2% | 1.9% | 6.0% | 10 |
| 2010s | 2.2% | 1.3% | 4.3% | 10 |
| 2020s | 5.8% | 2.8% | 11.2% | 4 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
- Gross Domestic Product — Annual growth US$ 5.12 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 1.98 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 1.98 % (2024)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Melanesia?
- Debt service as a proportion of exports of goods, services and in Melanesia was 3.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Melanesia?
- The highest recorded value was 11.2% in 2020.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Melanesia?
- The lowest recorded value was 1.3% in 2014.
- How does Melanesia rank for debt service as a proportion of exports of goods, services and?
- Melanesia ranks 101st out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Melanesia?
- Over the last ten years it is up 141.9%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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