Government Debt to GDP in Papua New Guinea increased to 53.60 percent in 2021 from 50.20 percent in 2020. source: Bank of Papua New Guinea

Government Debt to GDP in Papua New Guinea averaged 34.05 percent from 1994 until 2021, reaching an all time high of 53.60 percent in 2021 and a record low of 16.30 percent in 2011. This page provides - Papua New Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Government Debt to GDP - values, historical data and charts - was last updated on February of 2021.

Government Debt to GDP in Papua New Guinea is expected to reach 47.00 percent by the end of 2021, 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 47.00 percent in 2022 and 42.00 percent in 2023, according to our econometric models.

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Papua New Guinea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
53.60 50.20 53.60 16.30 1994 - 2021 percent Yearly

Papua New Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 53.60 50.20 53.60 16.30 percent [+]
Government Budget -7.60 -9.00 3.10 -9.00 percent of GDP [+]
Military Expenditure 59.90 71.90 148.00 31.80 USD Million [+]
Credit Rating 30.00 [+]


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.