Central government debt, total in Papua New Guinea
Papua New Guinea: Central government debt, total was 61.72 billion current LCU in 2024. ◆ Volatile
Central government debt, total in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for central government debt, total in Papua New Guinea is 61.72 billion current LCU, measured in 2024. That is the highest value across all 24 years on record.
That represents a change of up 6.5% on the previous year and up 301.7% over ten years.
Over the whole period, central government debt, total in Papua New Guinea peaked at 61.72 billion current LCU in 2024 and was at its lowest, 1.51 billion current LCU, in 1990.
Papua New Guinea ranks 54th of 83 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.25 billion current LCU | 1.51 billion current LCU | 5.61 billion current LCU | 10 |
| 2000s | 6.95 billion current LCU | 5.62 billion current LCU | 8.13 billion current LCU | 3 |
| 2010s | 23.63 billion current LCU | 15.37 billion current LCU | 33.67 billion current LCU | 6 |
| 2020s | 52.34 billion current LCU | 40.17 billion current LCU | 61.72 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Tax revenue 15.5% (2024)
- Taxes on income, profits and capital gains 59.4% (2024)
- Taxes on goods and services 25.5% (2024)
- Net investment in nonfinancial assets 2.0% (2024)
- Net lending (+) / net borrowing (-) -3.3% (2024)
- Interest payments 14.2% (2024)
- Grants and other revenue 11.4% (2024)
- Interest payments 12.3% (2023)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is central government debt, total in Papua New Guinea?
- Central government debt, total in Papua New Guinea was 61.72 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Papua New Guinea?
- The highest recorded value was 61.72 billion current LCU in 2024.
- What is the lowest central government debt, total recorded in Papua New Guinea?
- The lowest recorded value was 1.51 billion current LCU in 1990.
- How does Papua New Guinea rank for central government debt, total?
- Papua New Guinea ranks 54th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Papua New Guinea?
- Over the last ten years it is up 301.7%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.