Total reserves in Papua New Guinea
Papua New Guinea: Total reserves was 28.9% in 2024. ◆ Volatile
Total reserves in Papua New Guinea, 1973–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for total reserves in Papua New Guinea is 28.9%, measured in 2024.
That represents a change of up 14.5% on the previous year and up 153.0% over ten years.
Over the whole period, total reserves in Papua New Guinea peaked at 148.6% in 2009 and was at its lowest, 4.3%, in 1994.
That places Papua New Guinea 67th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in Papua New Guinea, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1973 | 5.9% | — |
| 1974 | 6.4% | +8.0% |
| 1975 | 35.5% | +452.9% |
| 1976 | 49.4% | +39.1% |
| 1977 | 63.8% | +29.2% |
| 1978 | 71.1% | +11.4% |
| 1979 | 87.2% | +22.6% |
| 1980 | 63.7% | -27.0% |
| 1981 | 35.5% | -44.2% |
| 1982 | 29.6% | -16.8% |
| 1983 | 24.8% | -16.0% |
| 1984 | 22.4% | -9.8% |
| 1985 | 21.9% | -2.1% |
| 1986 | 22.7% | +3.5% |
| 1987 | 20.5% | -9.5% |
| 1988 | 18.6% | -9.2% |
| 1989 | 17.7% | -5.1% |
| 1990 | 16.5% | -6.9% |
| 1991 | 12.4% | -24.4% |
| 1992 | 6.9% | -45.0% |
| 1993 | 5.1% | -25.8% |
| 1994 | 4.3% | -15.3% |
| 1995 | 10.6% | +147.2% |
| 1996 | 24.2% | +127.5% |
| 1997 | 14.7% | -39.2% |
| 1998 | 7.8% | -47.1% |
| 1999 | 8.4% | +8.1% |
| 2000 | 13.1% | +55.6% |
| 2001 | 21.5% | +64.3% |
| 2002 | 18.5% | -14.0% |
| 2003 | 27.9% | +51.2% |
| 2004 | 37.3% | +33.5% |
| 2005 | 40.1% | +7.5% |
| 2006 | 82.1% | +104.7% |
| 2007 | 137.6% | +67.6% |
| 2008 | 139.8% | +1.6% |
| 2009 | 148.6% | +6.3% |
| 2010 | 52.1% | -64.9% |
| 2011 | 34.6% | -33.7% |
| 2012 | 27.0% | -21.8% |
| 2013 | 13.2% | -51.2% |
| 2014 | 11.4% | -13.6% |
| 2015 | 8.6% | -24.4% |
| 2016 | 8.6% | -0.2% |
| 2017 | 10.1% | +17.1% |
| 2018 | 12.5% | +23.9% |
| 2019 | 12.3% | -1.4% |
| 2020 | 14.9% | +20.9% |
| 2021 | 16.4% | +10.4% |
| 2022 | 20.3% | +23.6% |
| 2023 | 25.2% | +24.0% |
| 2024 | 28.9% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.6% | 5.9% | 87.2% | 7 |
| 1980s | 27.7% | 17.7% | 63.7% | 10 |
| 1990s | 11.1% | 4.3% | 24.2% | 10 |
| 2000s | 66.7% | 13.1% | 148.6% | 10 |
| 2010s | 19.0% | 8.6% | 52.1% | 10 |
| 2020s | 21.1% | 14.9% | 28.9% | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
Frequently asked questions
- What is total reserves in Papua New Guinea?
- Total reserves in Papua New Guinea was 28.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Papua New Guinea?
- The highest recorded value was 148.6% in 2009.
- What is the lowest total reserves recorded in Papua New Guinea?
- The lowest recorded value was 4.3% in 1994.
- How does Papua New Guinea rank for total reserves?
- Papua New Guinea ranks 67th out of 112 countries with data for 2024.
- Is total reserves rising or falling in Papua New Guinea?
- Over the last ten years it is up 153.0%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.