Domestic credit provided by financial sector in Papua New Guinea
Papua New Guinea: Domestic credit provided by financial sector was 35.5% in 2024. ▲ Rising
Domestic credit provided by financial sector in Papua New Guinea, 2009–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Papua New Guinea is 35.5%, measured in 2024.
That represents a change of down 2.7% on the previous year and down 4.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Papua New Guinea peaked at 44.6% in 2016 and was at its lowest, 21.8%, in 2011.
Papua New Guinea ranks 51st of 65 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Domestic credit provided by financial sector in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 26.6% | — |
| 2010 | 23.7% | -10.8% |
| 2011 | 21.8% | -8.1% |
| 2012 | 28.2% | +29.4% |
| 2013 | 35.4% | +25.5% |
| 2014 | 37.2% | +5.2% |
| 2015 | 40.5% | +9.0% |
| 2016 | 44.6% | +9.9% |
| 2017 | 41.0% | -7.9% |
| 2018 | 36.5% | -11.0% |
| 2019 | 37.3% | +2.2% |
| 2020 | 41.7% | +11.7% |
| 2021 | 38.8% | -7.1% |
| 2022 | 32.6% | -15.8% |
| 2023 | 36.5% | +11.9% |
| 2024 | 35.5% | -2.7% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 35.5% is below the median for lower middle income countries, which is 36.3%, 98% of the median. (17 countries reporting)
- Papua New Guinea's 35.5% is below the median for East Asia & Pacific, which is 90.4%, 39% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.6% | 26.6% | 26.6% | 1 |
| 2010s | 34.6% | 21.8% | 44.6% | 10 |
| 2020s | 37.0% | 32.6% | 41.7% | 5 |
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 domestic credit provided by financial sector in Papua New Guinea?
- Domestic credit provided by financial sector in Papua New Guinea was 35.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Papua New Guinea?
- The highest recorded value was 44.6% in 2016.
- What is the lowest domestic credit provided by financial sector recorded in Papua New Guinea?
- The lowest recorded value was 21.8% in 2011.
- How does Papua New Guinea rank for domestic credit provided by financial sector?
- Papua New Guinea ranks 51st out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Papua New Guinea?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is rising.
- 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 Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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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.