Papua New Guinea vs Thailand

Papua New Guinea vs Thailand: Government debt

Government debt: 51.6% of GDP in Papua New Guinea in 2025 and 62.9% of GDP in Thailand in 2024, by IMF estimates. In 2024 the value was higher in Thailand, by 9.6 percentage points, or 1.18 times that in Papua New Guinea.

% of GDP · IMF

Papua New Guinea vs Thailand: Government debtGovernment debt: 51.6% of GDP in Papua New Guinea in 2025 and 62.9% of GDP in Thailand in 2024, by IMF estimates. In 2024 the value was higher in Thailand, by 9.6 percentage points, or 1.18 times that in Papua New Guinea.
Papua New GuineaThailandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Thailand has been higher since 1998, when it overtook Papua New Guinea.
  • The IMF projection (World Economic Outlook, October 2026) puts Papua New Guinea at 31.9% of GDP and Thailand at 69.8% of GDP in 2031.

Every year

% of GDP · IMF

YearPapua New GuineaThailand
202551.664.7
202453.362.9
202354.862.2
202249.260.6
202153.858.4
202048.749.4
201938.241.1
201836.741.9
201732.541.8
201633.741.7
201529.942.6
201426.943.3
201324.942.2
201219.141.9
201116.339.1
201017.339.8
200921.742.4
200821.635
200722.236
20062639.2
200531.645.5
200437.246.3
200340.447.5
200248.454.9
200147.757.5
200042.357.8
199941.856.6
199845.749.9
199743.940.5
199637.815.2
199536.6–
199440.1–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearPapua New GuineaThailand
202646.867.2
20274268.5
202839.169.1
202936.669.4
203034.269.6
203131.969.8

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 Thailand

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