Financial system deposits to GDP in Papua New Guinea
Papua New Guinea: Financial system deposits to GDP was 27.0% in 2020. ▲ Rising
Financial system deposits to GDP in Papua New Guinea, 1973–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Papua New Guinea is 27.0%, measured in 2020.
That represents a change of up 9.8% on the previous year and down 12.6% over ten years.
Over the whole period, financial system deposits to gdp in Papua New Guinea peaked at 35.3% in 2012 and was at its lowest, 15.1%, in 1973.
That places Papua New Guinea 148th out of 185 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Financial system deposits to GDP in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1973 | 15.1% | — |
| 1974 | 23.8% | +57.7% |
| 1975 | 15.3% | -35.7% |
| 1976 | 18.9% | +23.9% |
| 1977 | 24.4% | +29.0% |
| 1978 | 22.7% | -6.9% |
| 1979 | 24.6% | +8.1% |
| 1980 | 22.1% | -10.0% |
| 1981 | 23.2% | +5.1% |
| 1982 | 23.0% | -0.9% |
| 1983 | 22.6% | -1.6% |
| 1984 | 25.1% | +10.7% |
| 1985 | 26.5% | +5.6% |
| 1986 | 28.9% | +9.2% |
| 1987 | 26.9% | -6.7% |
| 1988 | 26.8% | -0.5% |
| 1989 | 29.7% | +10.9% |
| 1990 | 30.5% | +2.7% |
| 1991 | 31.3% | +2.5% |
| 1992 | 30.5% | -2.7% |
| 1993 | 31.3% | +2.7% |
| 1994 | 26.8% | -14.3% |
| 1995 | 27.3% | +1.9% |
| 1996 | 30.9% | +13.2% |
| 1997 | 34.1% | +10.1% |
| 1998 | 31.4% | -7.8% |
| 1999 | 29.7% | -5.4% |
| 2000 | 29.0% | -2.4% |
| 2001 | 29.4% | +1.5% |
| 2002 | 27.5% | -6.7% |
| 2003 | 24.0% | -12.5% |
| 2004 | 27.7% | +15.4% |
| 2005 | 30.6% | +10.3% |
| 2006 | 25.5% | -16.5% |
| 2007 | 29.6% | +16.1% |
| 2008 | 29.8% | +0.7% |
| 2009 | 34.3% | +15.0% |
| 2010 | 31.0% | -9.7% |
| 2011 | 32.9% | +6.3% |
| 2012 | 35.3% | +7.3% |
| 2013 | 35.1% | -0.7% |
| 2014 | 30.2% | -13.9% |
| 2015 | 31.1% | +3.0% |
| 2016 | 31.9% | +2.6% |
| 2017 | 28.4% | -11.0% |
| 2018 | 24.8% | -12.7% |
| 2019 | 24.6% | -0.7% |
| 2020 | 27.0% | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.7% | 15.1% | 24.6% | 7 |
| 1980s | 25.5% | 22.1% | 29.7% | 10 |
| 1990s | 30.4% | 26.8% | 34.1% | 10 |
| 2000s | 28.7% | 24.0% | 34.3% | 10 |
| 2010s | 30.5% | 24.6% | 35.3% | 10 |
| 2020s | 27.0% | 27.0% | 27.0% | 1 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
Frequently asked questions
- What is financial system deposits to gdp in Papua New Guinea?
- Financial system deposits to gdp in Papua New Guinea was 27.0% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Papua New Guinea?
- The highest recorded value was 35.3% in 2012.
- What is the lowest financial system deposits to gdp recorded in Papua New Guinea?
- The lowest recorded value was 15.1% in 1973.
- How does Papua New Guinea rank for financial system deposits to gdp?
- Papua New Guinea ranks 148th out of 185 countries with data for 2020.
- Is financial system deposits to gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 12.6%. 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 (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).