Papua New Guinea vs Vanuatu: Central government debt, total
Central government debt, total over time
- Papua New Guinea
- Vanuatu
How they compare
Vanuatu currently reports 96.13 billion current LCU against 61.72 billion current LCU in Papua New Guinea, a difference of 34.41 billion current LCU.
That makes Vanuatu's figure about 1.6 times Papua New Guinea's.
Across all 9 years both countries report, Vanuatu has been ahead every year.
Papua New Guinea ranks 54th and Vanuatu ranks 53rd of 83 countries.
Vanuatu has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Papua New Guinea | Vanuatu | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.97 billion current LCU | 7.37 billion current LCU | 3.40 billion current LCU | Vanuatu |
| 2020s | 53.27 billion current LCU | 94.60 billion current LCU | 41.33 billion current LCU | Vanuatu |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher central government debt, total, Papua New Guinea or Vanuatu?
- Vanuatu, at 96.13 billion current LCU against 61.72 billion current LCU in Papua New Guinea as of 2023.
- What is the difference in central government debt, total between Papua New Guinea and Vanuatu?
- 34.41 billion current LCU, with Vanuatu ahead.
- How many years of comparable data are there for Papua New Guinea and Vanuatu?
- 9 years are reported by both, from 1990 to 2023.
- How do Papua New Guinea and Vanuatu rank globally for central government debt, total?
- Papua New Guinea ranks 54th and Vanuatu ranks 53rd of 83 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Central government debt, total (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.