External debt as a share of gross national income in Papua New Guinea
Papua New Guinea: External debt as a share of gross national income was 41.9% in 2024. ▲ Rising
External debt as a share of gross national income in Papua New Guinea, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, external debt as a share of gross national income in Papua New Guinea stood at 41.9%.
That represents a change of down 22.8% on the previous year and down 53.2% over ten years.
Over the whole period, external debt as a share of gross national income in Papua New Guinea peaked at 110.6% in 2013 and was at its lowest, 13.0%, in 2008.
Papua New Guinea ranks 65th of 121 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
External debt as a share of gross national income in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 70.4% | — |
| 2001 | 72.3% | +2.7% |
| 2002 | 66.9% | -7.4% |
| 2003 | 59.5% | -11.1% |
| 2004 | 49.7% | -16.5% |
| 2005 | 41.3% | -16.9% |
| 2006 | 23.3% | -43.6% |
| 2007 | 17.4% | -25.5% |
| 2008 | 13.0% | -24.9% |
| 2009 | 16.4% | +26.1% |
| 2010 | 45.4% | +176.4% |
| 2011 | 77.3% | +70.3% |
| 2012 | 73.9% | -4.5% |
| 2013 | 110.6% | +49.7% |
| 2014 | 89.6% | -19.0% |
| 2015 | 100.4% | +12.1% |
| 2016 | 97.1% | -3.2% |
| 2017 | 79.5% | -18.1% |
| 2018 | 77.8% | -2.2% |
| 2019 | 81.5% | +4.7% |
| 2020 | 78.1% | -4.1% |
| 2021 | 80.4% | +2.9% |
| 2022 | 65.8% | -18.1% |
| 2023 | 54.3% | -17.5% |
| 2024 | 41.9% | -22.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.0% | 13.0% | 72.3% | 10 |
| 2010s | 83.3% | 45.4% | 110.6% | 10 |
| 2020s | 64.1% | 41.9% | 80.4% | 5 |
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)
- Manufacturing, value added (constant LCU), per capita 110.76 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 0.6313 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.3653 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 1,064 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 8.01 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 1.41 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 4,099 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 3.66 % change on previous year (2024)
Frequently asked questions
- What is external debt as a share of gross national income in Papua New Guinea?
- External debt as a share of gross national income in Papua New Guinea was 41.9% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest external debt as a share of gross national income recorded in Papua New Guinea?
- The highest recorded value was 110.6% in 2013.
- What is the lowest external debt as a share of gross national income recorded in Papua New Guinea?
- The lowest recorded value was 13.0% in 2008.
- How does Papua New Guinea rank for external debt as a share of gross national income?
- Papua New Guinea ranks 65th out of 121 countries with data for 2024.
- Is external debt as a share of gross national income rising or falling in Papua New Guinea?
- Over the last ten years it is down 53.2%. The long-run trend across the full record is rising.
- 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 External debt as a share of gross national income. Statizoid updates them automatically from the source API.
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About this data
External debt stocks as a proportion of GNI (%).