household debts in Papua New Guinea

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.

Back to overview: Papua New Guinea

Gross debt of the last 30 years in billion USD

YearPapua New Guinea total% of GDPper capitaEU per capita
19911.19 bn USD31.52%253 USD6,198 USD
19921.33 bn USD30.40%275 USD7,328 USD
19951.70 bn USD36.57%327 USD12,276 USD
19961.95 bn USD37.80%367 USD13,038 USD
19972.17 bn USD43.92%398 USD11,925 USD
19981.73 bn USD45.73%310 USD11,978 USD
19991.45 bn USD41.76%254 USD11,204 USD
20001.49 bn USD42.33%255 USD9,175 USD
20011.47 bn USD47.66%246 USD9,104 USD
20021.45 bn USD48.43%238 USD10,039 USD
20031.43 bn USD40.42%230 USD12,356 USD
20041.46 bn USD37.18%230 USD14,056 USD
20051.54 bn USD31.56%236 USD14,655 USD
20062.17 bn USD25.98%327 USD15,092 USD
20072.11 bn USD22.16%311 USD16,757 USD
20082.52 bn USD21.56%361 USD19,361 USD
20092.52 bn USD21.72%353 USD20,190 USD
20102.46 bn USD17.29%337 USD21,506 USD
20112.93 bn USD16.28%392 USD24,311 USD
20124.07 bn USD19.12%534 USD23,897 USD
20135.29 bn USD24.89%679 USD26,085 USD
20146.24 bn USD26.89%786 USD26,871 USD
20156.50 bn USD29.93%749 USD22,892 USD
20167.00 bn USD33.74%787 USD23,468 USD
20177.39 bn USD32.48%811 USD24,441 USD
20188.84 bn USD36.68%948 USD26,205 USD
20199.94 bn USD40.17%1,042 USD25,151 USD
202011.22 bn USD47.06%1,151 USD28,902 USD
202113.54 bn USD50.93%1,361 USD31,701 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Papua New Guinea       European Union

Comparison: average incomeAverage income around the worldA comparison of the average income per capita over 69 countries worldwide
The richest countries in the worldThe richest countries in the worldThese are the 50 wealthiest countries in a global comparison: tax havens, gambling, and oil ensure prosperity.
Germany: household debtsDebts an budget deficits in GermanyBudget surplus and deficits in the last 21 years in Germany incl. a comparison to the European Union