Nigeria vs Papua New Guinea: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Nigeria
- Papua New Guinea
How they compare
Papua New Guinea currently reports 13.4% against 13.1% in Nigeria, a difference of 0.3%.
The two have swapped places 2 times across 51 shared years of data; in 1973 it was Papua New Guinea ahead.
Nigeria ranks 160th and Papua New Guinea ranks 158th of 187 countries.
Papua New Guinea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Nigeria | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 7.7% | 13.8% | 6.1% | Papua New Guinea |
| 1980s | 6.8% | 22.7% | 15.9% | Papua New Guinea |
| 1990s | 6.8% | 19.2% | 12.3% | Papua New Guinea |
| 2000s | 11.2% | 14.9% | 3.8% | Papua New Guinea |
| 2010s | 11.8% | 17.3% | 5.5% | Papua New Guinea |
| 2020s | 9.9% | 14.1% | 4.2% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Nigeria or Papua New Guinea?
- Papua New Guinea, at 13.4% against 13.1% in Nigeria as of 2025.
- What is the difference in domestic credit to private sector by banks between Nigeria and Papua New Guinea?
- 0.3%, with Papua New Guinea ahead.
- How many years of comparable data are there for Nigeria and Papua New Guinea?
- 51 years are reported by both, from 1973 to 2023.
- How do Nigeria and Papua New Guinea rank globally for domestic credit to private sector by banks?
- Nigeria ranks 160th and Papua New Guinea ranks 158th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.