Papua New Guinea recorded a government debt equivalent to 36.90 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Papua New Guinea averaged 32.86 percent from 1994 until 2018, reaching an all time high of 46.90 percent in 2001 and a record low of 16.30 percent in 2011.

Government Debt to GDP in Papua New Guinea is expected to be 40.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Government Debt to GDP is projected to trend around 42.00 percent in 2020, according to our econometric models.

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Papua New Guinea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
36.90 37.80 46.90 16.30 1994 - 2018 percent Yearly


Papua New Guinea Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.

Papua New Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.80 46.90 16.30 percent [+]
Government Budget -2.30 -2.40 3.10 -7.80 percent of GDP [+]
Military Expenditure 59.90 71.90 148.00 31.80 USD Million [+]
Credit Rating 30.00 [+]