Domestic credit to private sector in Papua New Guinea
Papua New Guinea: Domestic credit to private sector was 18.2% in 2020. ▼ Falling
Domestic credit to private sector in Papua New Guinea, 2009–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Papua New Guinea recorded 18.2% for domestic credit to private sector in 2020.
Compared with earlier readings it is up 0.8% on the previous year and down 13.8% over ten years.
Over the whole period, domestic credit to private sector in Papua New Guinea peaked at 25.1% in 2013 and was at its lowest, 18.1%, in 2019.
Papua New Guinea ranks 150th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Domestic credit to private sector in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 21.8% | — |
| 2010 | 21.1% | -3.2% |
| 2011 | 20.9% | -0.8% |
| 2012 | 22.9% | +9.2% |
| 2013 | 25.1% | +9.8% |
| 2014 | 22.6% | -9.9% |
| 2015 | 22.6% | -0.3% |
| 2016 | 22.1% | -1.9% |
| 2017 | 19.4% | -12.5% |
| 2018 | 18.7% | -3.1% |
| 2019 | 18.1% | -3.7% |
| 2020 | 18.2% | +0.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 18.2% is below the median for lower middle income countries, which is 24.7%, 74% of the median. (46 countries reporting)
- Papua New Guinea's 18.2% is below the median for East Asia & Pacific, which is 105.2%, 17% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 21.8% | 21.8% | 1 |
| 2010s | 21.3% | 18.1% | 25.1% | 10 |
| 2020s | 18.2% | 18.2% | 18.2% | 1 |
Countries ranked near Papua New Guinea
- 147 Syrian Arab Republic 20.7%
- 148 Lesotho 20.0% compare
- 149 Sao Tome and Principe 19.8% compare
- 151 Ethiopia 17.7%
- 152 Liberia 17.0% compare
- 153 Libya 16.6% compare
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 in Papua New Guinea?
- Domestic credit to private sector in Papua New Guinea was 18.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Papua New Guinea?
- The highest recorded value was 25.1% in 2013.
- What is the lowest domestic credit to private sector recorded in Papua New Guinea?
- The lowest recorded value was 18.1% in 2019.
- How does Papua New Guinea rank for domestic credit to private sector?
- Papua New Guinea ranks 150th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Papua New Guinea?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.