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.
Papua New GuineaPhilippines
Watch it change on the map% of GDP · IMF
Latest figures
% of GDP · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Papua New Guinea | 51.6 2025 | 29.9 | 80 of 149 | 31.9 2031 |
| Philippines | 59.1 2025 | 39.7 | 59 of 149 | 56.4 2031 |
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