Papua New Guinea: Short-term external debt
* indicates monthly or quarterly data series
| Papua New Guinea |
Short-term debt, percent of total external debt |
|---|---|
| Latest value | 0.12 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1970 - 2023 |
| Average | 4.85 |
| Min - Max | 0.00 - 15.54 |
| Source | The World Bank |
The latest value from 2023 is 0.12 percent, a decline from 15.54 percent in 2022. In comparison, the world average is 11.22 percent, based on data from 118 countries. Historically, the average for Papua New Guinea from 1970 to 2023 is 4.85 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 15.54 percent was recorded in 2022.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 177.43 | 2021 | percent |
| Trade openness | 131.08 | 2004 | percent |
| Financial openness | -0.666 | 2021 | index points |
| Exports, percent of GDP | 72.16 | 2004 | percent |
| Exports, billion dollars | 2.83 | 2004 | billion U.S. dollars |
| Growth of exports | 2.72 | 2004 | percent |
| Imports, percent of GDP | 58.92 | 2004 | percent |
| Imports, billion dollars | 2.31 | 2004 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.37 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.08 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2023 | million dollars (current) |
| Current account, percent of GDP | 26.73 | 2022 | percent |
| Current account, in dollars | 4.18 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 13.25 | 2004 | percent |
| Trade balance, in dollars | 5.74 | 2023 | billion U.S. dollars |
| Reserves | 3.98 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.01 | 2023 | percent |
| Remittances | 3.08 | 2023 | million U.S. dollars |
| Net errors and omissions | -1,399.51 | 2023 | million USD |
| External debt | 62.75 | 2022 | percent |
| Short-term external debt | 0.12 | 2023 | percent |
| Short-term debt to reserves | 0.48 | 2023 | percent |
| Foreign exchange reserves | 3.20 | 11/2024 | billion |