External debt stocks in Papua New Guinea
Papua New Guinea: External debt stocks was 41.9% in 2024. ▲ Rising
External debt stocks in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for external debt stocks in Papua New Guinea is 41.9%, measured in 2024.
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 stocks in Papua New Guinea peaked at 110.6% in 2013 and was at its lowest, 13.0%, in 2008.
That places Papua New Guinea 64th out of 122 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
External debt stocks in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 33.4% | — |
| 1971 | 59.6% | +78.8% |
| 1972 | 60.7% | +1.8% |
| 1973 | 43.2% | -28.9% |
| 1974 | 37.2% | -13.9% |
| 1975 | 39.4% | +6.0% |
| 1976 | 35.6% | -9.5% |
| 1977 | 42.1% | +18.0% |
| 1978 | 30.4% | -27.8% |
| 1979 | 27.2% | -10.5% |
| 1980 | 28.9% | +6.5% |
| 1981 | 49.1% | +69.9% |
| 1982 | 72.4% | +47.3% |
| 1983 | 77.2% | +6.7% |
| 1984 | 82.1% | +6.4% |
| 1985 | 90.5% | +10.2% |
| 1986 | 77.1% | -14.8% |
| 1987 | 75.9% | -1.6% |
| 1988 | 64.0% | -15.6% |
| 1989 | 67.9% | +6.1% |
| 1990 | 83.8% | +23.4% |
| 1991 | 75.7% | -9.6% |
| 1992 | 95.2% | +25.7% |
| 1993 | 72.0% | -24.4% |
| 1994 | 54.8% | -23.9% |
| 1995 | 57.3% | +4.7% |
| 1996 | 53.4% | -6.8% |
| 1997 | 56.1% | +5.1% |
| 1998 | 77.0% | +37.1% |
| 1999 | 83.3% | +8.2% |
| 2000 | 70.4% | -15.4% |
| 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 | 17.3% | -25.5% |
| 2008 | 13.0% | -24.9% |
| 2009 | 16.4% | +26.2% |
| 2010 | 45.4% | +176.3% |
| 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% | -3.3% |
| 2017 | 79.5% | -18.1% |
| 2018 | 77.8% | -2.1% |
| 2019 | 81.4% | +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 |
|---|---|---|---|---|
| 1970s | 40.9% | 27.2% | 60.7% | 10 |
| 1980s | 68.5% | 28.9% | 90.5% | 10 |
| 1990s | 70.9% | 53.4% | 95.2% | 10 |
| 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)
- Total reserves minus gold (current US$), annual growth rate -6.02 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1151 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 335.13 current US$ per person (2024)
- General government final consumption expenditure (current US$) 11.47 % change on previous year (2004)
- General government final consumption expenditure (current US$), per 0.1531 current US$ per US$ of GDP (2004)
- General government final consumption expenditure (current US$), per 95.04 current US$ per person (2004)
- General government final consumption expenditure (current LCU) 1.06 % change on previous year (2004)
- General government final consumption expenditure (current LCU), per 0.4934 current LCU per US$ of GDP (2004)
Frequently asked questions
- What is external debt stocks in Papua New Guinea?
- External debt stocks in Papua New Guinea was 41.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Papua New Guinea?
- The highest recorded value was 110.6% in 2013.
- What is the lowest external debt stocks recorded in Papua New Guinea?
- The lowest recorded value was 13.0% in 2008.
- How does Papua New Guinea rank for external debt stocks?
- Papua New Guinea ranks 64th out of 122 countries with data for 2024.
- Is external debt stocks 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 International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.