Broad money to total reserves ratio in Papua New Guinea
Papua New Guinea: Broad money to total reserves ratio was 2.85 in 2019. ◆ Volatile
Broad money to total reserves ratio in Papua New Guinea, 1973–2019
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in Papua New Guinea is 2.85, measured in 2019.
Compared with earlier readings it is down 2.6% on the previous year and up 74.8% over ten years.
Over the whole period, broad money to total reserves ratio in Papua New Guinea peaked at 14.16 in 1974 and was at its lowest, 1.26, in 1977.
That places Papua New Guinea 87th out of 158 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money to total reserves ratio in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 8.89 | — |
| 1974 | 14.16 | +59.3% |
| 1975 | 1.79 | -87.4% |
| 1976 | 1.36 | -23.8% |
| 1977 | 1.26 | -7.9% |
| 1978 | 1.53 | +21.7% |
| 1979 | 1.51 | -0.9% |
| 1980 | 1.8 | +19.0% |
| 1981 | 1.96 | +8.7% |
| 1982 | 1.6 | -18.4% |
| 1983 | 1.68 | +4.9% |
| 1984 | 1.83 | +9.3% |
| 1985 | 1.77 | -3.3% |
| 1986 | 2.12 | +20.0% |
| 1987 | 2.22 | +4.6% |
| 1988 | 2.71 | +21.8% |
| 1989 | 2.95 | +8.9% |
| 1990 | 2.65 | -10.2% |
| 1991 | 3.87 | +46.1% |
| 1992 | 5.72 | +47.7% |
| 1993 | 10.38 | +81.5% |
| 1994 | 13.78 | +32.8% |
| 1995 | 5.31 | -61.4% |
| 1996 | 3.09 | -41.8% |
| 1997 | 4.88 | +57.7% |
| 1998 | 6.29 | +28.8% |
| 1999 | 5.26 | -16.4% |
| 2000 | 3.72 | -29.2% |
| 2001 | 2.24 | -39.8% |
| 2002 | 2.68 | +19.5% |
| 2003 | 1.84 | -31.1% |
| 2004 | 1.84 | -0.2% |
| 2005 | 2.18 | +18.3% |
| 2006 | 1.6 | -26.6% |
| 2007 | 1.44 | -9.9% |
| 2008 | 1.79 | +24.2% |
| 2009 | 1.63 | -8.8% |
| 2010 | 1.54 | -5.9% |
| 2011 | 1.48 | -3.5% |
| 2012 | 2.02 | +36.2% |
| 2013 | 2.83 | +40.2% |
| 2014 | 3.26 | +15.4% |
| 2015 | 4.15 | +27.2% |
| 2016 | 4.32 | +4.0% |
| 2017 | 4.01 | -7.1% |
| 2018 | 2.93 | -26.9% |
| 2019 | 2.85 | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.36 | 1.26 | 14.16 | 7 |
| 1980s | 2.06 | 1.6 | 2.95 | 10 |
| 1990s | 6.12 | 2.65 | 13.78 | 10 |
| 2000s | 2.1 | 1.44 | 3.72 | 10 |
| 2010s | 2.94 | 1.48 | 4.32 | 10 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Total reserves in months of imports, annual growth rate 11.56 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- 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)
Frequently asked questions
- What is broad money to total reserves ratio in Papua New Guinea?
- Broad money to total reserves ratio in Papua New Guinea was 2.85 in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Papua New Guinea?
- The highest recorded value was 14.16 in 1974.
- What is the lowest broad money to total reserves ratio recorded in Papua New Guinea?
- The lowest recorded value was 1.26 in 1977.
- How does Papua New Guinea rank for broad money to total reserves ratio?
- Papua New Guinea ranks 87th out of 158 countries with data for 2019.
- Is broad money to total reserves ratio rising or falling in Papua New Guinea?
- Over the last ten years it is up 74.8%. 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).