Total debt service in Papua New Guinea
Papua New Guinea: Total debt service was 20.4% in 2024. ▲ Rising
Total debt service in Papua New Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Papua New Guinea recorded 20.4% for total debt service in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.9% on the previous year and up 297.3% over ten years.
Over the whole period, total debt service in Papua New Guinea peaked at 20.4% in 2024 and was at its lowest, 2.4%, in 2012.
Papua New Guinea ranks 5th of 122 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Total debt service in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 4.8% | — |
| 1971 | 8.9% | +84.5% |
| 1972 | 12.9% | +45.4% |
| 1973 | 10.2% | -21.0% |
| 1974 | 8.6% | -15.8% |
| 1975 | 7.9% | -7.9% |
| 1976 | 7.3% | -8.0% |
| 1977 | 6.9% | -5.0% |
| 1978 | 7.2% | +4.0% |
| 1979 | 4.7% | -34.7% |
| 1980 | 6.0% | +28.3% |
| 1981 | 7.6% | +26.9% |
| 1982 | 10.3% | +35.3% |
| 1983 | 11.9% | +14.6% |
| 1984 | 16.7% | +40.8% |
| 1985 | 14.6% | -12.7% |
| 1986 | 12.5% | -14.1% |
| 1987 | 11.9% | -5.2% |
| 1988 | 14.2% | +19.6% |
| 1989 | 15.1% | +6.6% |
| 1990 | 17.9% | +18.2% |
| 1991 | 13.8% | -22.9% |
| 1992 | 16.7% | +20.9% |
| 1993 | 18.8% | +12.7% |
| 1994 | 17.6% | -6.2% |
| 1995 | 14.3% | -18.6% |
| 1996 | 10.4% | -27.3% |
| 1997 | 11.5% | +10.6% |
| 1998 | 8.8% | -23.3% |
| 1999 | 6.7% | -24.8% |
| 2000 | 9.2% | +38.8% |
| 2001 | 9.5% | +2.9% |
| 2002 | 10.0% | +4.9% |
| 2003 | 6.1% | -38.6% |
| 2004 | 7.1% | +15.7% |
| 2005 | 6.8% | -3.9% |
| 2006 | 4.3% | -36.3% |
| 2007 | 11.4% | +163.6% |
| 2008 | 8.8% | -22.7% |
| 2009 | 5.0% | -42.9% |
| 2010 | 6.2% | +22.1% |
| 2011 | 7.3% | +18.2% |
| 2012 | 2.4% | -67.1% |
| 2013 | 6.5% | +170.2% |
| 2014 | 5.1% | -20.8% |
| 2015 | 5.4% | +5.6% |
| 2016 | 16.7% | +209.7% |
| 2017 | 12.9% | -23.2% |
| 2018 | 12.2% | -5.1% |
| 2019 | 10.3% | -15.8% |
| 2020 | 11.7% | +14.2% |
| 2021 | 16.5% | +40.8% |
| 2022 | 15.0% | -9.5% |
| 2023 | 19.8% | +32.2% |
| 2024 | 20.4% | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 4.7% | 12.9% | 10 |
| 1980s | 12.1% | 6.0% | 16.7% | 10 |
| 1990s | 13.6% | 6.7% | 18.8% | 10 |
| 2000s | 7.8% | 4.3% | 11.4% | 10 |
| 2010s | 8.5% | 2.4% | 16.7% | 10 |
| 2020s | 16.7% | 11.7% | 20.4% | 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)
- 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 total debt service in Papua New Guinea?
- Total debt service in Papua New Guinea was 20.4% 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 20.4% in 2024.
- What is the lowest total debt service recorded in Papua New Guinea?
- The lowest recorded value was 2.4% in 2012.
- How does Papua New Guinea rank for total debt service?
- Papua New Guinea ranks 5th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Papua New Guinea?
- Over the last ten years it is up 297.3%. 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 GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.