Papua New Guinea recorded a government debt equivalent to 39.80 percent of the country's Gross Domestic Product in 2019.

Government Debt to GDP in Papua New Guinea averaged 32.68 percent from 1994 until 2019, reaching an all time high of 46.90 percent in 2001 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 October of 2020.

Government Debt to GDP in Papua New Guinea is expected to reach 41.00 percent by the end of 2020, 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 42.00 percent in 2021, according to our econometric models.

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Papua New Guinea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
39.80 31.10 46.90 16.30 1994 - 2019 percent Yearly

Papua New Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.80 31.10 46.90 16.30 percent [+]
Government Budget -4.90 -2.50 3.10 -7.80 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.