Papua New Guinea vs Philippines: Government debt

Government debt in 2025: 51.6% of GDP in Papua New Guinea and 59.1% of GDP in Philippines, by IMF estimates. In 2025 the value was higher in Philippines, by 7.5 percentage points, or 1.15 times that in Papua New Guinea.

Watch it change on the map

% of GDP · IMF

Papua New GuineaPhilippinesIMF projection (World Economic Outlook, October 2026)

What the numbers say

Philippines has been higher since 2020, when it overtook Papua New Guinea.
The IMF projection (World Economic Outlook, October 2026) puts Papua New Guinea at 31.9% of GDP and Philippines at 56.4% of GDP in 2031.

Every year

% of GDP · IMF

Year	Papua New Guinea	Philippines
2025	51.6	59.1
2024	53.3	56.6
2023	54.8	56.5
2022	49.2	57.4
2021	53.8	57
2020	48.7	51.6
2019	38.2	37
2018	36.7	37.2
2017	32.5	38.1
2016	33.7	37.4
2015	29.9	39.7
2014	26.9	40.3
2013	24.9	43.9
2012	19.1	45.7
2011	16.3	45.4
2010	17.3	47.6
2009	21.7	49.8
2008	21.6	50
2007	22.2	50.2
2006	26	57.2
2005	31.6	64.7
2004	37.2	71.1
2003	40.4	71.4
2002	48.4	65.2
2001	47.7	59.5
2000	42.3	59.2
1999	41.8	54.2
1998	45.7	50.8
1997	43.9	56.9
1996	37.8	53.1
1995	36.6	60.9
1994	40.1	63.6
1993	–	73.9

IMF projection (World Economic Outlook, October 2026) · 2026–2031

Year	Papua New Guinea	Philippines
2026	46.8	60.5
2027	42	60.5
2028	39.1	60.4
2029	36.6	59.7
2030	34.2	58.2
2031	31.9	56.4

Each country on its own

Good to know

What the government owes, as a share of the economy’s yearly output.
Source: IMF, World Economic Outlook, October 2026.
The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Papua New Guinea vs Philippines

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Conflict

Deaths in conflictsPapua New Guinea: 96 deaths in 2022Philippines: 194 deaths in 2022