Papua New Guinea Government Debt to GDP2022 Data - 2023 Forecast

Name: Papua New Guinea Government Debt to GDP
Creator: TRADING ECONOMICS
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Keywords: Papua New Guinea,Government Debt to GDP,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Papua New Guinea recorded a Government Debt to GDP of 48.90 percent of the country's Gross Domestic Product in 2020. source: Bank of Papua New Guinea

Government Debt to GDP in Papua New Guinea averaged 33.40 percent from 1994 until 2020, reaching an all time high of 48.90 percent in 2020 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 July of 2022.

Government Debt to GDP in Papua New Guinea is expected to reach 51.50 percent by the end of 2021, 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 52.10 percent in 2022 and 52.50 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	48.90	40.00	percent of GDP	Dec 2020
Government Budget	-8.10	-5.00	percent of GDP	Dec 2020

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.