Papua New Guinea vs Solomon Islands: Domestic credit provided by financial sector
Domestic credit provided by financial sector over time
- Papua New Guinea
- Solomon Islands
How they compare
Solomon Islands currently reports 36.3% against 35.5% in Papua New Guinea, a difference of 0.8%.
The two have swapped places 1 time across 16 shared years of data; in 2009 it was Papua New Guinea ahead.
Papua New Guinea ranks 51st and Solomon Islands ranks 50th of 65 countries.
Papua New Guinea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Papua New Guinea | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 26.6% | 26.5% | 0.0% | Papua New Guinea |
| 2010s | 34.6% | 20.2% | 14.5% | Papua New Guinea |
| 2020s | 37.0% | 33.1% | 3.9% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit provided by financial sector, Papua New Guinea or Solomon Islands?
- Solomon Islands, at 36.3% against 35.5% in Papua New Guinea as of 2024.
- What is the difference in domestic credit provided by financial sector between Papua New Guinea and Solomon Islands?
- 0.8%, with Solomon Islands ahead.
- How many years of comparable data are there for Papua New Guinea and Solomon Islands?
- 16 years are reported by both, from 2009 to 2024.
- How do Papua New Guinea and Solomon Islands rank globally for domestic credit provided by financial sector?
- Papua New Guinea ranks 51st and Solomon Islands ranks 50th of 65 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit provided by financial sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.