Short-term debt in Papua New Guinea
Papua New Guinea: Short-term debt was 0.9% in 2024. ◆ Volatile
Short-term debt in Papua New Guinea, 1976–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Papua New Guinea recorded 0.9% for short-term debt in 2024.
That represents a change of up 538.5% on the previous year and down 89.9% over ten years.
Over the whole period, short-term debt in Papua New Guinea peaked at 26.2% in 2021 and was at its lowest, 0.0%, in 1976.
That places Papua New Guinea 103rd out of 119 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Papua New Guinea, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1976 | 0.0% | — |
| 1977 | 13.2% | — |
| 1978 | 6.7% | -48.9% |
| 1979 | 2.5% | -62.2% |
| 1980 | 5.9% | +131.3% |
| 1981 | 16.7% | +183.4% |
| 1982 | 19.7% | +18.2% |
| 1983 | 7.0% | -64.4% |
| 1984 | 14.1% | +100.4% |
| 1985 | 14.0% | -0.8% |
| 1986 | 5.2% | -62.8% |
| 1987 | 7.5% | +44.6% |
| 1988 | 7.9% | +4.7% |
| 1989 | 10.5% | +33.2% |
| 1990 | 4.8% | -54.0% |
| 1991 | 6.3% | +31.3% |
| 1992 | 17.6% | +179.1% |
| 1993 | 9.0% | -49.2% |
| 1994 | 3.4% | -62.1% |
| 1995 | 2.6% | -24.3% |
| 1996 | 1.1% | -56.2% |
| 1997 | 5.9% | +426.3% |
| 1998 | 7.4% | +24.9% |
| 1999 | 4.4% | -40.1% |
| 2000 | 3.0% | -33.5% |
| 2001 | 3.2% | +7.0% |
| 2002 | 2.7% | -14.5% |
| 2003 | 3.8% | +41.5% |
| 2004 | 2.8% | -26.5% |
| 2005 | 5.7% | +101.7% |
| 2006 | 1.7% | -69.7% |
| 2007 | 3.3% | +93.9% |
| 2008 | 0.2% | -95.2% |
| 2009 | 2.4% | +1412.3% |
| 2010 | 6.8% | +180.8% |
| 2011 | 1.7% | -75.4% |
| 2012 | 3.8% | +128.5% |
| 2013 | 4.9% | +28.4% |
| 2014 | 8.9% | +81.5% |
| 2015 | 3.6% | -59.4% |
| 2016 | 9.0% | +148.5% |
| 2017 | 0.8% | -91.3% |
| 2018 | 4.6% | +485.5% |
| 2019 | 5.8% | +26.8% |
| 2020 | 4.3% | -25.6% |
| 2021 | 26.2% | +508.2% |
| 2022 | 20.4% | -22.1% |
| 2023 | 0.1% | -99.3% |
| 2024 | 0.9% | +538.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.9% is below the median for lower middle income countries, which is 13.3%, 7% of the median. (43 countries reporting)
- Papua New Guinea's 0.9% is below the median for East Asia & Pacific, which is 11.5%, 8% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +1412.3% | 0.2% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.6% | 0.0% | 13.2% | 4 |
| 1980s | 10.8% | 5.2% | 19.7% | 10 |
| 1990s | 6.3% | 1.1% | 17.6% | 10 |
| 2000s | 2.9% | 0.2% | 5.7% | 10 |
| 2010s | 5.0% | 0.8% | 9.0% | 10 |
| 2020s | 10.4% | 0.1% | 26.2% | 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)
- 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 short-term debt in Papua New Guinea?
- Short-term debt in Papua New Guinea was 0.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Papua New Guinea?
- The highest recorded value was 26.2% in 2021.
- What is the lowest short-term debt recorded in Papua New Guinea?
- The lowest recorded value was 0.0% in 1976.
- How does Papua New Guinea rank for short-term debt?
- Papua New Guinea ranks 103rd out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Papua New Guinea?
- Over the last ten years it is down 89.9%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.