Interest payments in Papua New Guinea
Papua New Guinea: Interest payments was 14.2% in 2024. ▬ Flat
Interest payments in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Papua New Guinea recorded 14.2% for interest payments in 2024.
Compared with earlier readings it is up 1.7% on the previous year and up 80.4% over ten years.
Over the whole period, interest payments in Papua New Guinea peaked at 19.9% in 2002 and was at its lowest, 7.9%, in 2014.
That places Papua New Guinea 32nd out of 155 countries with data for 2024, putting it in the top quarter.
Interest payments in Papua New Guinea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 11.7% | — |
| 1991 | 7.9% | -32.2% |
| 1992 | 12.3% | +56.0% |
| 1993 | 12.0% | -2.9% |
| 1994 | 13.0% | +8.2% |
| 1995 | 18.7% | +44.5% |
| 1996 | 14.2% | -24.1% |
| 1997 | 14.0% | -1.6% |
| 1998 | 16.9% | +20.4% |
| 1999 | 15.5% | -8.3% |
| 2000 | 14.7% | -4.9% |
| 2001 | 14.8% | +0.7% |
| 2002 | 19.9% | +34.5% |
| 2014 | 7.9% | -60.5% |
| 2015 | 10.3% | +31.3% |
| 2016 | 11.9% | +15.4% |
| 2017 | 13.2% | +11.2% |
| 2018 | 13.2% | -0.6% |
| 2019 | 15.4% | +16.7% |
| 2020 | 17.9% | +16.3% |
| 2021 | 16.2% | -9.1% |
| 2022 | 13.9% | -14.5% |
| 2023 | 13.9% | +0.4% |
| 2024 | 14.2% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 7.9% | 18.7% | 10 |
| 2000s | 16.5% | 14.7% | 19.9% | 3 |
| 2010s | 12.0% | 7.9% | 15.4% | 6 |
| 2020s | 15.2% | 13.9% | 17.9% | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 9.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 8.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.003 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -6.23 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.01 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.87 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Papua New Guinea?
- Interest payments in Papua New Guinea was 14.2% 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 19.9% in 2002.
- What is the lowest interest payments recorded in Papua New Guinea?
- The lowest recorded value was 7.9% in 2014.
- How does Papua New Guinea rank for interest payments?
- Papua New Guinea ranks 32nd 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 80.4%. The long-run trend across the full record is flat.
- 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.