Loans from nonresident banks (amounts outstanding) to GDP in Papua New Guinea
Papua New Guinea: Loans from nonresident banks (amounts outstanding) to GDP was 1.9% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Papua New Guinea, 1973–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Papua New Guinea recorded 1.9% for loans from nonresident banks (amounts outstanding) to gdp in 2021.
Compared with earlier readings it is down 7.2% on the previous year and down 9.3% over five years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Papua New Guinea peaked at 7.3% in 1977 and was at its lowest, 0.9%, in 1993.
Papua New Guinea ranks 128th of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1973 | 2.8% | — |
| 1974 | 3.9% | +40.2% |
| 1975 | 5.9% | +51.8% |
| 1976 | 5.6% | -5.8% |
| 1977 | 7.3% | +31.6% |
| 1978 | 6.9% | -5.9% |
| 1979 | 5.7% | -17.0% |
| 1980 | 5.0% | -12.0% |
| 1981 | 4.9% | -2.1% |
| 1982 | 4.9% | +0.3% |
| 1983 | 3.4% | -30.5% |
| 1984 | 2.9% | -14.4% |
| 1985 | 2.8% | -3.1% |
| 1986 | 3.2% | +14.1% |
| 1987 | 3.3% | +1.9% |
| 1988 | 2.2% | -33.9% |
| 1989 | 2.0% | -9.8% |
| 1990 | 2.3% | +16.4% |
| 1991 | 1.1% | -54.0% |
| 1992 | 0.9% | -13.5% |
| 1993 | 0.9% | -1.0% |
| 1994 | 0.9% | +0.4% |
| 2018 | 2.1% | +128.2% |
| 2019 | 2.0% | -2.6% |
| 2020 | 2.0% | +0.3% |
| 2021 | 1.9% | -7.2% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.9% is below the median for lower middle income countries, which is 9.1%, 21% of the median. (25 countries reporting)
- Papua New Guinea's 1.9% is below the median for East Asia & Pacific, which is 13.9%, 14% of the median. (18 countries reporting)
Biggest year-on-year movements
Years where Loans from nonresident banks (amounts outstanding) to GDP in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +128.2% | 0.9% | 2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 2.8% | 7.3% | 7 |
| 1980s | 3.5% | 2.0% | 5.0% | 10 |
| 1990s | 1.2% | 0.9% | 2.3% | 5 |
| 2010s | 2.0% | 2.0% | 2.1% | 2 |
| 2020s | 2.0% | 1.9% | 2.0% | 2 |
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 loans from nonresident banks (amounts outstanding) to gdp in Papua New Guinea?
- Loans from nonresident banks (amounts outstanding) to gdp in Papua New Guinea was 1.9% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Papua New Guinea?
- The highest recorded value was 7.3% in 1977.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.9% in 1993.
- How does Papua New Guinea rank for loans from nonresident banks (amounts outstanding) to gdp?
- Papua New Guinea ranks 128th out of 136 countries with data for 2021.
- Where does this Papua New Guinea data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.