Total debt service in Papua New Guinea
Papua New Guinea: Total debt service was 43.3% in 2024. ▲ Rising
Total debt service in Papua New Guinea, 1976–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Papua New Guinea stood at 43.3%.
That represents a change of up 2.6% on the previous year and up 237.6% over ten years.
Over the whole period, total debt service in Papua New Guinea peaked at 44.8% in 2016 and was at its lowest, 7.1%, in 2012.
That places Papua New Guinea 6th out of 120 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Total debt service in Papua New Guinea, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1976 | 16.6% | — |
| 1977 | 14.8% | -11.1% |
| 1978 | 17.5% | +18.7% |
| 1979 | 9.6% | -45.5% |
| 1980 | 13.8% | +44.0% |
| 1981 | 19.0% | +37.8% |
| 1982 | 25.2% | +32.8% |
| 1983 | 30.1% | +19.3% |
| 1984 | 40.0% | +33.2% |
| 1985 | 32.5% | -18.8% |
| 1986 | 26.9% | -17.1% |
| 1987 | 25.4% | -5.7% |
| 1988 | 29.0% | +14.2% |
| 1989 | 32.8% | +12.9% |
| 1990 | 37.2% | +13.4% |
| 1991 | 27.2% | -26.9% |
| 1992 | 28.4% | +4.3% |
| 1993 | 29.0% | +2.1% |
| 1994 | 30.8% | +6.5% |
| 1995 | 20.8% | -32.6% |
| 1996 | 16.3% | -21.3% |
| 1997 | 20.5% | +25.5% |
| 1998 | 14.8% | -28.1% |
| 1999 | 9.7% | -34.4% |
| 2000 | 12.9% | +33.0% |
| 2001 | 12.7% | -1.4% |
| 2002 | 15.0% | +17.7% |
| 2003 | 7.8% | -47.9% |
| 2004 | 8.9% | +13.5% |
| 2005 | 8.4% | -4.7% |
| 2006 | 7.1% | -15.8% |
| 2007 | 19.3% | +171.9% |
| 2008 | 15.6% | -19.5% |
| 2009 | 11.7% | -24.7% |
| 2010 | 13.3% | +13.6% |
| 2011 | 16.0% | +20.6% |
| 2012 | 7.1% | -56.0% |
| 2013 | 19.7% | +179.2% |
| 2014 | 12.8% | -34.8% |
| 2015 | 12.7% | -0.9% |
| 2016 | 44.8% | +252.6% |
| 2017 | 28.3% | -36.9% |
| 2018 | 27.3% | -3.3% |
| 2019 | 20.8% | -23.9% |
| 2020 | 29.2% | +40.6% |
| 2021 | 36.5% | +24.6% |
| 2022 | 29.8% | -18.2% |
| 2023 | 42.2% | +41.6% |
| 2024 | 43.3% | +2.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 43.3% is above the median for lower middle income countries, which is 16.6%, 2.6× the median. (43 countries reporting)
- Papua New Guinea's 43.3% is above the median for East Asia & Pacific, which is 9.3%, 4.7× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 |
|---|---|---|---|
| 2016 | +252.6% | 12.7% | 44.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.6% | 9.6% | 17.5% | 4 |
| 1980s | 27.5% | 13.8% | 40.0% | 10 |
| 1990s | 23.5% | 9.7% | 37.2% | 10 |
| 2000s | 11.9% | 7.1% | 19.3% | 10 |
| 2010s | 20.3% | 7.1% | 44.8% | 10 |
| 2020s | 36.2% | 29.2% | 43.3% | 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 total debt service in Papua New Guinea?
- Total debt service in Papua New Guinea was 43.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Papua New Guinea?
- The highest recorded value was 44.8% in 2016.
- What is the lowest total debt service recorded in Papua New Guinea?
- The lowest recorded value was 7.1% in 2012.
- How does Papua New Guinea rank for total debt service?
- Papua New Guinea ranks 6th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Papua New Guinea?
- Over the last ten years it is up 237.6%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.