Interest payments (% of expense) in Papua New Guinea
Papua New Guinea: Interest payments (% of expense) was 12.3% in 2023. ▼ Falling
Interest payments in Papua New Guinea, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in Papua New Guinea is 12.3%, measured in 2023.
The figure is up 3.4% on the previous year and up 63.6% over ten years.
Over the whole period, interest payments in Papua New Guinea peaked at 20.6% in 2002 and was at its lowest, 7.5%, in 2014.
That places Papua New Guinea 41st out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Interest payments (% of expense) in Papua New Guinea, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 12.2% | — |
| 1991 | 8.9% | -27.1% |
| 1992 | 11.2% | +26.7% |
| 1993 | 10.8% | -4.3% |
| 1994 | 12.3% | +14.0% |
| 1995 | 19.7% | +60.8% |
| 1996 | 14.9% | -24.5% |
| 1997 | 15.2% | +2.0% |
| 1998 | 18.0% | +18.7% |
| 1999 | 14.8% | -17.7% |
| 2000 | 13.9% | -6.4% |
| 2001 | 15.0% | +7.9% |
| 2002 | 20.6% | +37.5% |
| 2014 | 7.5% | -63.6% |
| 2015 | 9.3% | +24.3% |
| 2016 | 10.4% | +11.8% |
| 2017 | 12.7% | +21.5% |
| 2018 | 12.7% | +0.5% |
| 2019 | 13.3% | +4.1% |
| 2020 | 12.5% | -5.6% |
| 2021 | 12.4% | -1.2% |
| 2022 | 11.9% | -4.1% |
| 2023 | 12.3% | +3.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 12.3% is above the median for lower middle income countries, which is 10.0%, 1.2× the median. (36 countries reporting)
- Papua New Guinea's 12.3% is above the median for East Asia & Pacific, which is 3.0%, 4.1× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.8% | 8.9% | 19.7% | 10 |
| 2000s | 16.5% | 13.9% | 20.6% | 3 |
| 2010s | 11.0% | 7.5% | 13.3% | 6 |
| 2020s | 12.3% | 11.9% | 12.5% | 4 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.8663 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 600 % change on previous year (1997)
Frequently asked questions
- What is interest payments in Papua New Guinea?
- Interest payments in Papua New Guinea was 12.3% in 2023, 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 20.6% in 2002.
- What is the lowest interest payments recorded in Papua New Guinea?
- The lowest recorded value was 7.5% in 2014.
- How does Papua New Guinea rank for interest payments?
- Papua New Guinea ranks 41st out of 152 countries with data for 2023.
- Is interest payments rising or falling in Papua New Guinea?
- Over the last ten years it is up 63.6%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.