Papua New Guinea: Use of IMF credit (DOD, current US$)

Key figures

What the numbers say

In 2024, Papua New Guinea's use of IMF credit (DOD, current US$) rose US$218.13 million on 2023 (from US$1.04 billion to US$1.25 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$33.08 million and a typical year strayed about US$104.06 million from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$386.29 million in 2020 and the biggest yearly fall was US$65.42 million in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$131.68 million a year. A straight line explains 87% 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.

How it compares

In 2024, Papua New Guinea had the 47th highest value of the 118 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.

Closest to Papua New Guinea in the 2024 ranking

• Belarus — 44th of 118: US$1.33 billion
• Zimbabwe — 45th of 118: US$1.33 billion
• Madagascar — 46th of 118: US$1.3 billion
• Uzbekistan — 48th of 118: US$1.21 billion
• Benin — 49th of 118: US$1.18 billion
• Mozambique — 50th of 118: US$1.15 billion

What this measures

Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.

Regional and income-group figures are computed by the World Bank as a sum.

All 51 values

Use of IMF credit (DOD, current US$) in nearby economies

• Cambodia — US$328.18 million (2024)
• China — US$47.22 billion (2024)
• Fiji — US$210.5 million (2024)
• Indonesia — US$8.39 billion (2024)
• Lao PDR — US$198.34 million (2024)
• Mongolia — US$287.85 million (2024)
• Myanmar — US$1.39 billion (2024)
• Philippines — US$3.65 billion (2024)
• Samoa — US$55.84 million (2024)
• Solomon Islands — US$52.62 million (2024)
• Thailand

More economic policy & debt data for Papua New Guinea

• GDP (current US$) — US$32.5 billion (2025)
• GDP (current LCU) — 133.98 billion (2025)
• GDP (constant 2015 US$) — US$28.68 billion (2025)
• GDP (constant LCU) — 76.24 billion (2025)
• GDP per capita (current US$) — US$3,020 (2025)
• GDP per capita (current LCU) — 12,449 (2025)
• GDP per capita (constant 2015 US$) — US$2,665 (2025)
• GDP per capita (constant LCU) — 7,084 (2025)
• GNI (current US$) — US$30.16 billion (2025)
• GNI (current LCU) — 124.34 billion (2025)
• GNI per capita (current LCU)

Reading data like this

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Questions people ask

What is Papua New Guinea's use of IMF credit (DOD, current US$)?

US$1.25 billion in 2024, according to the World Bank (World Development Indicators).

How does Papua New Guinea rank?

47th highest of 118 economies with data for 2024.

Is the latest change in use of IMF credit (DOD, current US$) unusual for Papua New Guinea?

In 2024, Papua New Guinea's use of IMF credit (DOD, current US$) rose US$218.13 million on 2023 (from US$1.04 billion to US$1.25 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$33.08 million and a typical year strayed about US$104.06 million from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).

Source

World Bank, World Development Indicators, indicator DT.DOD.DIMF.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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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