Gross debt in Papua New Guinea

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Papua New Guinea in the period from 1998 to 2020 was between 1.4 billion and 12.1 billion USD. The highest level of the last years at 12 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is in Papua New Guinea a debt of 1,348 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.

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Gross debt of the last 22 years in billion USD

YearPapua New Guinea totalPapua New Guinea per capitaEU per capita
19981.73 bn USD310 USD12,387 USD
19991.45 bn USD254 USD12,342 USD
20001.49 bn USD255 USD9,877 USD
20011.47 bn USD246 USD9,894 USD
20021.45 bn USD238 USD10,773 USD
20031.43 bn USD230 USD13,433 USD
20041.46 bn USD230 USD15,459 USD
20051.54 bn USD236 USD16,095 USD
20062.16 bn USD325 USD16,570 USD
20072.11 bn USD311 USD18,334 USD
20082.52 bn USD361 USD21,119 USD
20092.52 bn USD353 USD22,222 USD
20102.46 bn USD337 USD26,496 USD
20112.93 bn USD392 USD29,231 USD
20124.07 bn USD534 USD28,064 USD
20135.29 bn USD679 USD29,836 USD
20146.24 bn USD786 USD30,512 USD
20156.50 bn USD802 USD25,813 USD
20167.00 bn USD847 USD26,165 USD
20177.39 bn USD876 USD26,931 USD
20188.84 bn USD1,027 USD28,362 USD
20199.91 bn USD1,129 USD27,095 USD
202012.06 bn USD1,348 USD30,780 USD

Comparison of the gross debt per capita with the European Union in Euro

      Papua New Guinea       European Union

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