Facts
- Government gross debt, % of GDP
- 51.6 % (2025)
- Fiscal balance, % of GDP
- -2.1 % (2025)
- GDP, current prices
- $33.1 bn (2025)
- Current account, % of GDP
- 14.3 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- +21.7 pp
- Central government debt, % of GDP (World Bank)
- 52.0 % (2024)
- ISO code
- PNG
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $33.1 bn |
| 2024 | $30.8 bn |
| 2023 | $30.7 bn |
| 2022 | $31.7 bn |
| 2021 | $26.1 bn |
| 2020 | $23.8 bn |
| 2019 | $24.8 bn |
| 2018 | $24.1 bn |
| 2017 | $22.7 bn |
| 2016 | $20.8 bn |
| 2015 | $21.7 bn |
| 2014 | $23.2 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | 14.3 % |
| 2024 | 15.6 % |
| 2023 | 9.1 % |
| 2022 | 14.4 % |
| 2021 | 12.6 % |
| 2020 | 14.4 % |
| 2019 | 14.4 % |
| 2018 | 13.6 % |
| 2017 | 15.9 % |
| 2016 | 13.6 % |
| 2015 | 11.1 % |
| 2014 | 12.4 % |
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | -2.1 % |
| 2024 | -3.3 % |
| 2023 | -4.3 % |
| 2022 | -5.3 % |
| 2021 | -6.8 % |
| 2020 | -8.9 % |
| 2019 | -5.0 % |
| 2018 | -2.6 % |
| 2017 | -2.5 % |
| 2016 | -4.7 % |
| 2015 | -4.5 % |
| 2014 | -6.3 % |
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 51.6 % |
| 2024 | 53.3 % |
| 2023 | 54.8 % |
| 2022 | 49.2 % |
| 2021 | 53.8 % |
| 2020 | 48.7 % |
| 2019 | 38.2 % |
| 2018 | 36.7 % |
| 2017 | 32.5 % |
| 2016 | 33.7 % |
| 2015 | 29.9 % |
| 2014 | 26.9 % |
Central government debt, % of GDP (World Bank)
| Period | Value |
|---|---|
| 2024 | 52.0 |
| 2023 | 52.4 |
| 2022 | 48.2 |
| 2021 | 52.6 |
| 2020 | 48.7 |
| 2019 | 40.2 |
| 2018 | 36.7 |
| 2017 | 32.7 |
| 2016 | 33.7 |
| 2015 | 29.9 |
| 2014 | 26.9 |
| 2002 | 69.7 |