Debt service as a share of exports of good and services in Papua New Guinea
Papua New Guinea: Debt service as a share of exports of good and services was 3.8% in 2023. ◆ Volatile
Latest (2023)
3.8%
Change on year
up 51.2%
World rank
95th
of 116 countries
All-time high
10.7%
in 2020
All-time low
1.0%
in 2015
Years of data
24
2000–2023
Debt service as a share of exports of good and services in Papua New Guinea, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, debt service as a share of exports of good and services in Papua New Guinea stood at 3.8%.
The figure is up 51.2% on the previous year and up 161.0% over ten years.
Over the whole period, debt service as a share of exports of good and services in Papua New Guinea peaked at 10.7% in 2020 and was at its lowest, 1.0%, in 2015.
Papua New Guinea ranks 95th of 116 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a share of exports of good and services in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 8.0% | — |
| 2001 | 7.1% | -11.8% |
| 2002 | 7.8% | +9.7% |
| 2003 | 7.3% | -6.2% |
| 2004 | 8.4% | +14.9% |
| 2005 | 5.9% | -29.9% |
| 2006 | 3.5% | -41.2% |
| 2007 | 4.0% | +17.1% |
| 2008 | 3.1% | -23.0% |
| 2009 | 1.8% | -42.0% |
| 2010 | 1.4% | -23.8% |
| 2011 | 1.3% | -2.9% |
| 2012 | 1.4% | +4.5% |
| 2013 | 1.5% | +4.3% |
| 2014 | 1.0% | -29.5% |
| 2015 | 1.0% | -1.9% |
| 2016 | 1.3% | +31.7% |
| 2017 | 1.4% | +2.3% |
| 2018 | 1.8% | +30.9% |
| 2019 | 3.8% | +114.0% |
| 2020 | 10.7% | +180.1% |
| 2021 | 5.8% | -45.6% |
| 2022 | 2.5% | -56.6% |
| 2023 | 3.8% | +51.2% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 3.8% is below the median for lower middle income countries, which is 7.1%, 54% of the median. (43 countries reporting)
- Papua New Guinea's 3.8% is below the median for East Asia & Pacific, which is 4.7%, 80% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.7% | 1.8% | 8.4% | 10 |
| 2010s | 1.6% | 1.0% | 3.8% | 10 |
| 2020s | 5.7% | 2.5% | 10.7% | 4 |
Countries ranked near Papua New Guinea
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 debt service as a share of exports of good and services in Papua New Guinea?
- Debt service as a share of exports of good and services in Papua New Guinea was 3.8% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Papua New Guinea?
- The highest recorded value was 10.7% in 2020.
- What is the lowest debt service as a share of exports of good and services recorded in Papua New Guinea?
- The lowest recorded value was 1.0% in 2015.
- How does Papua New Guinea rank for debt service as a share of exports of good and services?
- Papua New Guinea ranks 95th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Papua New Guinea?
- Over the last ten years it is up 161.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Debt service as a proportion of exports of goods, services and primary income (%).