Net incurrence of liabilities, total in Papua New Guinea
Papua New Guinea: Net incurrence of liabilities, total was 2.53 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, 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 net incurrence of liabilities, total in Papua New Guinea is 2.53 billion current LCU, measured in 2024.
Compared with earlier readings it is down 40.6% on the previous year and down 25.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Papua New Guinea peaked at 7.96 billion current LCU in 2021 and was at its lowest, 11.11 million current LCU, in 1990.
Papua New Guinea ranks 96th of 136 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 | 203.88 million current LCU | 11.11 million current LCU | 508.22 million current LCU | 10 |
| 2000s | 361.38 million current LCU | 316.79 million current LCU | 427.77 million current LCU | 3 |
| 2010s | 3.04 billion current LCU | 1.61 billion current LCU | 3.94 billion current LCU | 6 |
| 2020s | 5.35 billion current LCU | 2.53 billion current LCU | 7.96 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 net incurrence of liabilities, total in Papua New Guinea?
- Net incurrence of liabilities, total in Papua New Guinea was 2.53 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Papua New Guinea?
- The highest recorded value was 7.96 billion current LCU in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Papua New Guinea?
- The lowest recorded value was 11.11 million current LCU in 1990.
- How does Papua New Guinea rank for net incurrence of liabilities, total?
- Papua New Guinea ranks 96th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Papua New Guinea?
- Over the last ten years it is down 25.6%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.