Short-term debt in Papua New Guinea
Papua New Guinea: Short-term debt was 3.3% in 2024. ◆ Volatile
Short-term debt in Papua New Guinea, 1976–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
The most recent figure for short-term debt in Papua New Guinea is 3.3%, measured in 2024.
Compared with earlier readings it is up 582.6% on the previous year and down 90.6% over ten years.
Over the whole period, short-term debt in Papua New Guinea peaked at 158.9% in 1993 and was at its lowest, 0.0%, in 1976.
Papua New Guinea ranks 97th of 112 countries on this measure, 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 total reserves | Change |
|---|---|---|
| 1976 | 0.0% | — |
| 1977 | 23.0% | — |
| 1978 | 12.8% | -44.3% |
| 1979 | 5.3% | -58.7% |
| 1980 | 14.0% | +165.0% |
| 1981 | 38.5% | +175.3% |
| 1982 | 37.8% | -1.8% |
| 1983 | 14.4% | -61.8% |
| 1984 | 31.9% | +120.9% |
| 1985 | 31.5% | -1.2% |
| 1986 | 13.8% | -56.3% |
| 1987 | 22.5% | +63.1% |
| 1988 | 32.2% | +43.2% |
| 1989 | 40.2% | +25.0% |
| 1990 | 16.8% | -58.3% |
| 1991 | 34.0% | +102.7% |
| 1992 | 158.8% | +367.4% |
| 1993 | 158.9% | +0.1% |
| 1994 | 82.4% | -48.2% |
| 1995 | 29.1% | -64.7% |
| 1996 | 5.6% | -80.9% |
| 1997 | 40.4% | +626.2% |
| 1998 | 74.3% | +83.7% |
| 1999 | 43.6% | -41.3% |
| 2000 | 23.0% | -47.2% |
| 2001 | 15.2% | -33.8% |
| 2002 | 14.6% | -4.3% |
| 2003 | 18.1% | +23.9% |
| 2004 | 12.1% | -32.9% |
| 2005 | 27.6% | +127.6% |
| 2006 | 5.5% | -80.1% |
| 2007 | 8.3% | +50.7% |
| 2008 | 0.5% | -94.0% |
| 2009 | 4.3% | +755.5% |
| 2010 | 13.3% | +211.4% |
| 2011 | 2.8% | -78.7% |
| 2012 | 6.5% | +129.0% |
| 2013 | 11.0% | +70.2% |
| 2014 | 34.7% | +215.0% |
| 2015 | 17.7% | -49.0% |
| 2016 | 40.0% | +126.0% |
| 2017 | 4.4% | -88.9% |
| 2018 | 21.0% | +374.0% |
| 2019 | 28.5% | +35.8% |
| 2020 | 14.8% | -47.8% |
| 2021 | 89.8% | +504.8% |
| 2022 | 76.5% | -14.8% |
| 2023 | 0.5% | -99.4% |
| 2024 | 3.3% | +582.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.3% | 0.0% | 23.0% | 4 |
| 1980s | 27.7% | 13.8% | 40.2% | 10 |
| 1990s | 64.4% | 5.6% | 158.9% | 10 |
| 2000s | 12.9% | 0.5% | 27.6% | 10 |
| 2010s | 18.0% | 2.8% | 40.0% | 10 |
| 2020s | 37.0% | 0.5% | 89.8% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 4.77 % change on previous year (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1.66 current LCU per US$ of GDP (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1,029 current LCU per person (2004)
- Final consumption expenditure (current US$), annual growth rate 14.59 % change on previous year (2004)
- Final consumption expenditure (current US$), per unit of GDP 0.6675 current US$ per US$ of GDP (2004)
- Final consumption expenditure (current US$), per capita 414.27 current US$ per person (2004)
- Final consumption expenditure (current LCU), annual growth rate 3.88 % change on previous year (2004)
- Final consumption expenditure (current LCU), per unit of GDP 2.15 current LCU per US$ of GDP (2004)
Frequently asked questions
- What is short-term debt in Papua New Guinea?
- Short-term debt in Papua New Guinea was 3.3% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Papua New Guinea?
- The highest recorded value was 158.9% in 1993.
- 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 97th out of 112 countries with data for 2024.
- Is short-term debt rising or falling in Papua New Guinea?
- Over the last ten years it is down 90.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.