External debt — all countries

External debt — Papua New Guinea

External debt in Papua New Guinea in 2024 — 12,854,160,688 US$. Ranked 59 in the world out of 118. Since 1970, the indicator has risen by 6,056.9%.

2024 12.85B US$ −16.98% vs 2023
World rank 59of 118
Period maximum 21.61B US$2013
Period minimum 209M US$1970

Trend over time

1970–2024 · US$

External debt — Papua New Guinea, 1970–2024010B20B30B19701976198219881994200020062012201820241970: 208,775,480 US$1971: 407,176,568 US$1972: 495,025,775 US$1973: 525,578,942 US$1974: 505,321,531 US$1975: 506,036,560 US$1976: 520,751,938 US$1977: 675,812,946 US$1978: 583,277,481 US$1979: 608,638,131 US$1980: 719,001,778 US$1981: 1,184,523,872 US$1982: 1,627,595,971 US$1983: 1,867,658,923 US$1984: 2,029,276,420 US$1985: 2,112,192,646 US$1986: 1,984,116,632 US$1987: 2,275,815,263 US$1988: 2,249,839,539 US$1989: 2,316,234,092 US$1990: 2,593,899,558 US$1991: 2,774,125,272 US$1992: 3,788,946,401 US$1993: 3,268,510,852 US$1994: 2,792,345,094 US$1995: 2,505,573,004 US$1996: 2,507,363,358 US$1997: 2,589,508,593 US$1998: 2,712,134,542 US$1999: 2,657,223,999 US$2000: 2,325,079,588 US$2001: 2,047,405,720 US$2002: 1,856,713,721 US$2003: 1,863,354,063 US$2004: 1,769,749,011 US$2005: 1,870,906,690 US$2006: 1,754,570,835 US$2007: 1,530,876,143 US$2008: 1,436,380,431 US$2009: 1,768,982,573 US$2010: 5,987,009,775 US$2011: 12,584,089,528 US$2012: 14,922,490,380 US$2013: 21,609,688,424 US$2014: 20,428,666,793 US$2015: 20,386,681,360 US$2016: 19,247,283,289 US$2017: 17,223,736,382 US$2018: 17,723,605,373 US$2019: 18,744,676,569 US$2020: 18,046,873,709 US$2021: 19,711,775,408 US$2022: 19,606,599,471 US$2023: 15,483,629,099 US$2024: 12,854,160,688 US$
Change over the period: +12.65B (+6,056.93%) Average annual rate: 7.93 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Papua New Guinea

Papua New Guinea 12.85B US$
Melanesia computed 17.84B US$
Lower-middle-income countries computed 2.61T US$
External debt — Papua New Guinea, by year Papua New Guinea All countries CSV XLSX
Year US$ Change Change, %
2024 12.85B −2.63B −16.98%
2023 15.48B −4.12B −21.03%
2022 19.61B −105M −0.53%
2021 19.71B +1.66B +9.23%
2020 18.05B −698M −3.72%
2019 18.74B +1.02B +5.76%
2018 17.72B +500M +2.9%
2017 17.22B −2.02B −10.51%
2016 19.25B −1.14B −5.59%
2015 20.39B −41.99M −0.21%
2014 20.43B −1.18B −5.47%
2013 21.61B +6.69B +44.81%
2012 14.92B +2.34B +18.58%
2011 12.58B +6.6B +110.19%
2010 5.99B +4.22B +238.44%
2009 1.77B +333M +23.16%
2008 1.44B −94.5M −6.17%
2007 1.53B −224M −12.75%
2006 1.75B −116M −6.22%
2005 1.87B +101M +5.72%
2004 1.77B −93.61M −5.02%
2003 1.86B +6.64M +0.36%
2002 1.86B −191M −9.31%
2001 2.05B −278M −11.94%
2000 2.33B −332M −12.5%
1999 2.66B −54.91M −2.02%
1998 2.71B +123M +4.74%
1997 2.59B +82.15M +3.28%
1996 2.51B +1.79M +0.07%
1995 2.51B −287M −10.27%
1994 2.79B −476M −14.57%
1993 3.27B −520M −13.74%
1992 3.79B +1.01B +36.58%
1991 2.77B +180M +6.95%
1990 2.59B +278M +11.99%
1989 2.32B +66.39M +2.95%
1988 2.25B −25.98M −1.14%
1987 2.28B +292M +14.7%
1986 1.98B −128M −6.06%
1985 2.11B +82.92M +4.09%
1984 2.03B +162M +8.65%
1983 1.87B +240M +14.75%
1982 1.63B +443M +37.41%
1981 1.18B +466M +64.75%
1980 719M +110M +18.13%
1979 609M +25.36M +4.35%
1978 583M −92.54M −13.69%
1977 676M +155M +29.78%
1976 521M +14.72M +2.91%
1975 506M +715,029 +0.14%
1974 505M −20.26M −3.85%
1973 526M +30.55M +6.17%
1972 495M +87.85M +21.58%
1971 407M +198M +95.03%
1970 209M

Melanesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.