Broad money growth in Papua New Guinea
Papua New Guinea: Broad money growth was 4.4% in 2019. ◆ Volatile
Broad money growth in Papua New Guinea, 1974–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
The most recent figure for broad money growth in Papua New Guinea is 4.4%, measured in 2019.
That represents a change of up 216.9% on the previous year and down 79.8% over ten years.
Over the whole period, broad money growth in Papua New Guinea peaked at 63.6% in 1974 and was at its lowest, -23.3%, in 1975.
That places Papua New Guinea 129th out of 166 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Papua New Guinea, year by year
| Year | annual % | Change |
|---|---|---|
| 1974 | 63.6% | — |
| 1975 | -23.3% | -136.6% |
| 1976 | 13.2% | -156.6% |
| 1977 | 54.2% | +311.4% |
| 1978 | 4.8% | -91.1% |
| 1979 | 27.3% | +468.9% |
| 1980 | -3.2% | -111.9% |
| 1981 | 0.3% | -108.8% |
| 1982 | 2.4% | +723.2% |
| 1983 | 14.5% | +512.1% |
| 1984 | 15.1% | +4.1% |
| 1985 | 9.6% | -36.0% |
| 1986 | 13.3% | +37.7% |
| 1987 | 1.5% | -88.4% |
| 1988 | 4.4% | +185.5% |
| 1989 | 5.3% | +21.3% |
| 1990 | 4.3% | -20.5% |
| 1991 | 17.6% | +315.1% |
| 1992 | 12.5% | -29.1% |
| 1993 | 17.8% | +42.2% |
| 1994 | -1.3% | -107.2% |
| 1995 | 13.7% | -1171.8% |
| 1996 | 30.7% | +123.6% |
| 1997 | 7.7% | -75.0% |
| 1998 | 2.5% | -68.0% |
| 1999 | 9.2% | +272.5% |
| 2000 | 5.0% | -45.4% |
| 2001 | 6.2% | +24.8% |
| 2002 | 7.3% | +16.2% |
| 2003 | -4.4% | -161.2% |
| 2004 | 14.8% | -432.6% |
| 2005 | 29.5% | +99.4% |
| 2006 | 38.9% | +31.8% |
| 2007 | 27.8% | -28.6% |
| 2008 | 7.8% | -71.8% |
| 2009 | 21.9% | +178.9% |
| 2010 | 10.2% | -53.2% |
| 2011 | 17.3% | +69.2% |
| 2012 | 10.9% | -36.9% |
| 2013 | 6.7% | -38.8% |
| 2014 | 3.4% | -49.5% |
| 2015 | 8.0% | +137.3% |
| 2016 | 10.9% | +35.5% |
| 2017 | -0.9% | -108.6% |
| 2018 | -3.8% | +304.5% |
| 2019 | 4.4% | -216.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.3% | -23.3% | 63.6% | 6 |
| 1980s | 6.3% | -3.2% | 15.1% | 10 |
| 1990s | 11.5% | -1.3% | 30.7% | 10 |
| 2000s | 15.5% | -4.4% | 38.9% | 10 |
| 2010s | 6.7% | -3.8% | 17.3% | 10 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.29 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0882 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 256.88 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -3.31 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 256.98 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -2.2 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 268.89 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -2.55 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
- Total reserves in months of imports, annual growth rate 11.56 % change on previous year (2024)
Frequently asked questions
- What is broad money growth in Papua New Guinea?
- Broad money growth in Papua New Guinea was 4.4% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Papua New Guinea?
- The highest recorded value was 63.6% in 1974.
- What is the lowest broad money growth recorded in Papua New Guinea?
- The lowest recorded value was -23.3% in 1975.
- How does Papua New Guinea rank for broad money growth?
- Papua New Guinea ranks 129th out of 166 countries with data for 2019.
- Is broad money growth rising or falling in Papua New Guinea?
- Over the last ten years it is down 79.8%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.