Public Sector · Papua New Guinea
Yearly data from 1990 to 2023, from the World Bank.
Papua New Guinea's interest payments (% of expense) was 12.28% in 2023, the latest year in the World Bank's World Development Indicators. That is down 0.46 percentage points from 12.75% in 2018.
| Value | Year | |
|---|---|---|
| Latest | 12.28% | 2023 |
| Five years earlier | 12.75% | 2018 |
| Highest | 20.61% | 2002 |
| Lowest | 7.51% | 2014 |
| Average since 2014 | 11.5% | 2014–2023 |
| First recorded | 12.17% | 1990 |
Over five years it is down 0.46 percentage points from 12.75% in 2018. Since 1990 it is up 0.11 percentage points from 12.17% in 1990. The World Bank has no value for 11 of the years in between; the chart leaves those gaps open rather than joining across them.
In 2023, Papua New Guinea's interest payments (% of expense) rose 0.41 percentage points on 2022 (from 11.87% to 12.28%).
Across the 20 yearly changes before that (1991 to 2022), the average change was +0.64 percentage points and a typical year strayed about 2.83 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.45 percentage points in 1995 and the biggest yearly fall was 4.82 percentage points in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 0.43 percentage points a year. A straight line explains 50% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2023, Papua New Guinea had the 21st highest value of the 78 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Papua New Guinea | 12.28% | 2023 |
| World | 5.77% | 2022 |
| East Asia & Pacific | 3.46% | 2022 |
| Lower middle income | 10.23% | 2021 |
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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
Regional and income-group figures are computed by the World Bank as a median.
| Year | Interest payments (% of expense) |
|---|---|
| 2023 | 12.28 |
| 2022 | 11.87 |
| 2021 | 12.38 |
| 2020 | 12.53 |
| 2019 | 13.27 |
| 2018 | 12.75 |
| 2017 | 12.68 |
| 2016 | 10.44 |
| 2015 | 9.33 |
| 2014 | 7.51 |
| 2013 | no data |
| 2012 | no data |
| 2011 | no data |
| 2010 | no data |
| 2009 | no data |
| 2008 | no data |
| 2007 | no data |
| 2006 | no data |
| 2005 | no data |
| 2004 | no data |
| 2003 | no data |
| 2002 | 20.61 |
| 2001 | 14.99 |
| 2000 | 13.89 |
| 1999 | 14.83 |
| 1998 | 18.03 |
| 1997 | 15.19 |
| 1996 | 14.89 |
| 1995 | 19.71 |
| 1994 | 12.26 |
| 1993 | 10.76 |
| 1992 | 11.24 |
| 1991 | 8.87 |
| 1990 | 12.17 |
Every indicator for Papua New Guinea is on the Papua New Guinea data page.
World Bank, World Development Indicators, indicator GC.XPN.INTP.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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