Claims on private sector in Papua New Guinea
Papua New Guinea: Claims on private sector was 2.2% in 2020. ◆ Volatile
Claims on private sector in Papua New Guinea, 1974–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
Papua New Guinea recorded 2.2% for claims on private sector in 2020.
Compared with earlier readings it is down 2.8% on the previous year and down 75.9% over ten years.
Over the whole period, claims on private sector in Papua New Guinea peaked at 16.1% in 2006 and was at its lowest, -4.9%, in 1993.
That places Papua New Guinea 124th out of 167 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on private sector in Papua New Guinea, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1974 | 7.6% | — |
| 1975 | 3.5% | -53.7% |
| 1976 | -2.7% | -177.4% |
| 1977 | 4.5% | -263.5% |
| 1978 | 1.1% | -75.1% |
| 1979 | 6.8% | +516.2% |
| 1980 | 12.8% | +87.7% |
| 1981 | 9.5% | -25.6% |
| 1982 | 5.6% | -41.5% |
| 1983 | 10.0% | +79.1% |
| 1984 | 13.4% | +34.7% |
| 1985 | 8.1% | -39.5% |
| 1986 | 12.7% | +56.7% |
| 1987 | 4.4% | -65.3% |
| 1988 | 9.9% | +123.0% |
| 1989 | 8.7% | -11.6% |
| 1990 | -1.1% | -112.4% |
| 1991 | 5.8% | -642.1% |
| 1992 | -4.0% | -167.9% |
| 1993 | -4.9% | +24.9% |
| 1994 | 4.6% | -193.0% |
| 1995 | 0.2% | -96.2% |
| 1996 | 0.4% | +149.5% |
| 1997 | 12.7% | +2838.6% |
| 1998 | 13.3% | +4.8% |
| 1999 | -0.7% | -105.6% |
| 2000 | 3.9% | -619.6% |
| 2001 | 2.6% | -32.8% |
| 2002 | 0.7% | -71.6% |
| 2003 | -2.0% | -375.1% |
| 2004 | 0.5% | -123.3% |
| 2005 | 10.5% | +2097.7% |
| 2006 | 16.1% | +54.1% |
| 2007 | 14.4% | -10.7% |
| 2008 | 13.0% | -9.7% |
| 2009 | 8.0% | -38.6% |
| 2010 | 9.0% | +13.4% |
| 2011 | 4.2% | -53.2% |
| 2012 | 6.0% | +41.0% |
| 2013 | 8.7% | +46.2% |
| 2014 | 1.9% | -77.8% |
| 2015 | 1.9% | -3.9% |
| 2016 | 3.8% | +104.0% |
| 2017 | -1.9% | -151.1% |
| 2018 | 3.7% | -289.2% |
| 2019 | 2.2% | -38.8% |
| 2020 | 2.2% | -2.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.2% is below the median for lower middle income countries, which is 6.0%, 36% of the median. (46 countries reporting)
- Papua New Guinea's 2.2% is below the median for East Asia & Pacific, which is 3.7%, 59% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Claims on private sector in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +2838.6% | 0.4% | 12.7% |
| 2005 | +2097.7% | 0.5% | 10.5% |
| 1991 | +642.1% | -1.1% | 5.8% |
| 2000 | +619.6% | -0.7% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | -2.7% | 7.6% | 6 |
| 1980s | 9.5% | 4.4% | 13.4% | 10 |
| 1990s | 2.6% | -4.9% | 13.3% | 10 |
| 2000s | 6.8% | -2.0% | 16.1% | 10 |
| 2010s | 4.0% | -1.9% | 9.0% | 10 |
| 2020s | 2.2% | 2.2% | 2.2% | 1 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is claims on private sector in Papua New Guinea?
- Claims on private sector in Papua New Guinea was 2.2% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Papua New Guinea?
- The highest recorded value was 16.1% in 2006.
- What is the lowest claims on private sector recorded in Papua New Guinea?
- The lowest recorded value was -4.9% in 1993.
- How does Papua New Guinea rank for claims on private sector?
- Papua New Guinea ranks 124th out of 167 countries with data for 2020.
- Is claims on private sector rising or falling in Papua New Guinea?
- Over the last ten years it is down 75.9%. 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 Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
Download this data
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.