Domestic credit to private sector by banks in Papua New Guinea
Papua New Guinea: Domestic credit to private sector by banks was 13.4% in 2025. ▼ Falling
Domestic credit to private sector by banks in Papua New Guinea, 1973–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in Papua New Guinea stood at 13.4%.
Compared with earlier readings it is down 3.1% on the previous year and down 23.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Papua New Guinea peaked at 29.2% in 1989 and was at its lowest, 11.4%, in 2006.
That places Papua New Guinea 158th out of 187 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Domestic credit to private sector by banks in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1973 | 15.0% | — |
| 1974 | 14.9% | -0.8% |
| 1975 | 15.8% | +6.0% |
| 1976 | 13.1% | -17.1% |
| 1977 | 13.0% | -0.4% |
| 1978 | 12.6% | -3.3% |
| 1979 | 12.5% | -0.5% |
| 1980 | 16.3% | +29.8% |
| 1981 | 19.6% | +20.9% |
| 1982 | 20.7% | +5.1% |
| 1983 | 19.5% | -5.5% |
| 1984 | 21.9% | +12.4% |
| 1985 | 23.3% | +6.1% |
| 1986 | 26.0% | +11.7% |
| 1987 | 24.8% | -4.3% |
| 1988 | 25.3% | +1.8% |
| 1989 | 29.2% | +15.2% |
| 1990 | 28.6% | -2.1% |
| 1991 | 26.1% | -8.6% |
| 1992 | 21.1% | -19.2% |
| 1993 | 16.9% | -20.1% |
| 1994 | 16.2% | -3.7% |
| 1995 | 14.5% | -10.4% |
| 1996 | 13.4% | -8.0% |
| 1997 | 17.3% | +29.1% |
| 1998 | 20.2% | +17.0% |
| 1999 | 17.6% | -12.9% |
| 2000 | 17.1% | -2.7% |
| 2001 | 16.4% | -4.2% |
| 2002 | 14.8% | -9.5% |
| 2003 | 13.5% | -8.9% |
| 2004 | 13.6% | +0.2% |
| 2005 | 14.1% | +3.7% |
| 2006 | 11.4% | -18.8% |
| 2007 | 14.0% | +22.3% |
| 2008 | 16.2% | +15.8% |
| 2009 | 18.3% | +13.2% |
| 2010 | 18.0% | -2.0% |
| 2011 | 17.6% | -1.9% |
| 2012 | 18.9% | +7.6% |
| 2013 | 20.7% | +9.4% |
| 2014 | 17.9% | -13.5% |
| 2015 | 17.6% | -1.8% |
| 2016 | 17.4% | -1.1% |
| 2017 | 15.0% | -13.6% |
| 2018 | 14.8% | -1.8% |
| 2019 | 14.5% | -1.7% |
| 2020 | 15.4% | +5.8% |
| 2021 | 14.2% | -7.5% |
| 2022 | 12.5% | -12.2% |
| 2023 | 14.5% | +15.9% |
| 2024 | 13.9% | -4.0% |
| 2025 | 13.4% | -3.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 13.4% is below the median for lower middle income countries, which is 23.4%, 57% of the median. (46 countries reporting)
- Papua New Guinea's 13.4% is below the median for East Asia & Pacific, which is 65.2%, 21% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.8% | 12.5% | 15.8% | 7 |
| 1980s | 22.7% | 16.3% | 29.2% | 10 |
| 1990s | 19.2% | 13.4% | 28.6% | 10 |
| 2000s | 14.9% | 11.4% | 18.3% | 10 |
| 2010s | 17.3% | 14.5% | 20.7% | 10 |
| 2020s | 14.0% | 12.5% | 15.4% | 6 |
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 to private sector by banks in Papua New Guinea?
- Domestic credit to private sector by banks in Papua New Guinea was 13.4% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Papua New Guinea?
- The highest recorded value was 29.2% in 1989.
- What is the lowest domestic credit to private sector by banks recorded in Papua New Guinea?
- The lowest recorded value was 11.4% in 2006.
- How does Papua New Guinea rank for domestic credit to private sector by banks?
- Papua New Guinea ranks 158th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Papua New Guinea?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is falling.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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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.