Interest payments in Papua New Guinea
Papua New Guinea: Interest payments was 2.95 billion current LCU in 2024. ◆ Volatile
Interest payments in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, interest payments in Papua New Guinea stood at 2.95 billion current LCU. That is the highest value across all 24 years on record.
The figure is up 6.9% on the previous year and up 216.4% over ten years.
Over the whole period, interest payments in Papua New Guinea peaked at 2.95 billion current LCU in 2024 and was at its lowest, 95.96 million current LCU, in 1991.
Papua New Guinea ranks 104th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 116.61 million current LCU | — |
| 1991 | 95.96 million current LCU | -17.7% |
| 1992 | 137.89 million current LCU | +43.7% |
| 1993 | 157.03 million current LCU | +13.9% |
| 1994 | 183.19 million current LCU | +16.7% |
| 1995 | 299.64 million current LCU | +63.6% |
| 1996 | 260.89 million current LCU | -12.9% |
| 1997 | 293.36 million current LCU | +12.4% |
| 1998 | 338.70 million current LCU | +15.5% |
| 1999 | 384.05 million current LCU | +13.4% |
| 2000 | 406.27 million current LCU | +5.8% |
| 2001 | 419.58 million current LCU | +3.3% |
| 2002 | 530.72 million current LCU | +26.5% |
| 2014 | 933.10 million current LCU | +75.8% |
| 2015 | 1.14 billion current LCU | +21.7% |
| 2016 | 1.25 billion current LCU | +9.9% |
| 2017 | 1.52 billion current LCU | +22.2% |
| 2018 | 1.85 billion current LCU | +21.5% |
| 2019 | 2.13 billion current LCU | +14.9% |
| 2020 | 2.16 billion current LCU | +1.5% |
| 2021 | 2.25 billion current LCU | +4.1% |
| 2022 | 2.57 billion current LCU | +14.4% |
| 2023 | 2.76 billion current LCU | +7.3% |
| 2024 | 2.95 billion current LCU | +6.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.95 billion current LCU is below the median for lower middle income countries, which is 39.26 billion current LCU, 8% of the median. (36 countries reporting)
- Papua New Guinea's 2.95 billion current LCU is below the median for East Asia & Pacific, which is 4.93 billion current LCU, 60% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 226.73 million current LCU | 95.96 million current LCU | 384.05 million current LCU | 10 |
| 2000s | 452.19 million current LCU | 406.27 million current LCU | 530.72 million current LCU | 3 |
| 2010s | 1.47 billion current LCU | 933.10 million current LCU | 2.13 billion current LCU | 6 |
| 2020s | 2.54 billion current LCU | 2.16 billion current LCU | 2.95 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Papua New Guinea?
- Interest payments in Papua New Guinea was 2.95 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Papua New Guinea?
- The highest recorded value was 2.95 billion current LCU in 2024.
- What is the lowest interest payments recorded in Papua New Guinea?
- The lowest recorded value was 95.96 million current LCU in 1991.
- How does Papua New Guinea rank for interest payments?
- Papua New Guinea ranks 104th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Papua New Guinea?
- Over the last ten years it is up 216.4%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.