Domestic credit to private sector in Papua New Guinea
Papua New Guinea: Domestic credit to private sector was 16.3% in 2024. ▼ Falling
Domestic credit to private sector in Papua New Guinea, 2009–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Papua New Guinea recorded 16.3% for domestic credit to private sector in 2024.
The figure is down 1.3% on the previous year and down 28.0% 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, 15.0%, in 2022.
Papua New Guinea ranks 154th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 16 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 | 18.8% | +4.2% |
| 2021 | 17.4% | -7.5% |
| 2022 | 15.0% | -13.6% |
| 2023 | 16.5% | +9.8% |
| 2024 | 16.3% | -1.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 16.3% is below the median for lower middle income countries, which is 24.7%, 66% of the median. (46 countries reporting)
- Papua New Guinea's 16.3% is below the median for East Asia & Pacific, which is 91.3%, 18% 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 | 16.8% | 15.0% | 18.8% | 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 to private sector in Papua New Guinea?
- Domestic credit to private sector in Papua New Guinea was 16.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- 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 15.0% in 2022.
- How does Papua New Guinea rank for domestic credit to private sector?
- Papua New Guinea ranks 154th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Papua New Guinea?
- Over the last ten years it is down 28.0%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include 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.