
Gross debt in Papua New Guinea
The government debt of Papua New Guinea refers to the debt of the state proper, but not its federal states, municipalities and institutions.The government debt in the period from 1991 to 2021 was between 1.2 billion and 13.5 billion USD. The highest level of the last years at 14 billion US Dollar was reached in 2021.
Based on the number of inhabitants, this is a debt of 1,361 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,701 USD.
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Gross debt of the last 30 years in billion USD
Year | Papua New Guinea total | % of GDP | per capita | EU per capita |
---|---|---|---|---|
1991 | 1.19 bn USD | 31.52% | 253 USD | 6,198 USD |
1992 | 1.33 bn USD | 30.40% | 275 USD | 7,328 USD |
1995 | 1.70 bn USD | 36.57% | 327 USD | 12,276 USD |
1996 | 1.95 bn USD | 37.80% | 367 USD | 13,038 USD |
1997 | 2.17 bn USD | 43.92% | 398 USD | 11,925 USD |
1998 | 1.73 bn USD | 45.73% | 310 USD | 11,978 USD |
1999 | 1.45 bn USD | 41.76% | 254 USD | 11,204 USD |
2000 | 1.49 bn USD | 42.33% | 255 USD | 9,175 USD |
2001 | 1.47 bn USD | 47.66% | 246 USD | 9,104 USD |
2002 | 1.45 bn USD | 48.43% | 238 USD | 10,039 USD |
2003 | 1.43 bn USD | 40.42% | 230 USD | 12,356 USD |
2004 | 1.46 bn USD | 37.18% | 230 USD | 14,056 USD |
2005 | 1.54 bn USD | 31.56% | 236 USD | 14,655 USD |
2006 | 2.17 bn USD | 25.98% | 327 USD | 15,092 USD |
2007 | 2.11 bn USD | 22.16% | 311 USD | 16,757 USD |
2008 | 2.52 bn USD | 21.56% | 361 USD | 19,361 USD |
2009 | 2.52 bn USD | 21.72% | 353 USD | 20,190 USD |
2010 | 2.46 bn USD | 17.29% | 337 USD | 21,506 USD |
2011 | 2.93 bn USD | 16.28% | 392 USD | 24,311 USD |
2012 | 4.07 bn USD | 19.12% | 534 USD | 23,897 USD |
2013 | 5.29 bn USD | 24.89% | 679 USD | 26,085 USD |
2014 | 6.24 bn USD | 26.89% | 786 USD | 26,871 USD |
2015 | 6.50 bn USD | 29.93% | 749 USD | 22,892 USD |
2016 | 7.00 bn USD | 33.74% | 787 USD | 23,468 USD |
2017 | 7.39 bn USD | 32.48% | 811 USD | 24,441 USD |
2018 | 8.84 bn USD | 36.68% | 948 USD | 26,205 USD |
2019 | 9.94 bn USD | 40.17% | 1,042 USD | 25,151 USD |
2020 | 11.22 bn USD | 47.06% | 1,151 USD | 28,902 USD |
2021 | 13.54 bn USD | 50.93% | 1,361 USD | 31,701 USD |