Monetary Sector credit to private sector in Papua New Guinea
Papua New Guinea: Monetary Sector credit to private sector was 14.0% in 2024. ▼ Falling
Monetary Sector credit to private sector in Papua New Guinea, 1973–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, monetary sector credit to private sector in Papua New Guinea stood at 14.0%.
The figure is down 3.8% on the previous year and down 22.3% over ten years.
Over the whole period, monetary sector credit to private sector in Papua New Guinea peaked at 29.2% in 1989 and was at its lowest, 11.5%, in 2006.
Papua New Guinea ranks 156th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Monetary Sector credit to private sector in Papua New Guinea, year by year
| Year | % 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 | 22.0% | +12.9% |
| 1985 | 23.4% | +6.0% |
| 1986 | 26.1% | +11.6% |
| 1987 | 24.9% | -4.4% |
| 1988 | 25.4% | +1.8% |
| 1989 | 29.2% | +15.2% |
| 1990 | 28.6% | -2.2% |
| 1991 | 26.1% | -8.6% |
| 1992 | 21.1% | -19.2% |
| 1993 | 16.9% | -20.1% |
| 1994 | 16.2% | -3.7% |
| 1995 | 14.6% | -10.4% |
| 1996 | 13.4% | -8.0% |
| 1997 | 17.3% | +29.1% |
| 1998 | 20.2% | +17.0% |
| 1999 | 17.7% | -12.7% |
| 2000 | 17.2% | -2.6% |
| 2001 | 16.9% | -1.8% |
| 2002 | 15.3% | -9.6% |
| 2003 | 13.6% | -11.0% |
| 2004 | 13.6% | +0.3% |
| 2005 | 14.1% | +3.7% |
| 2006 | 11.5% | -18.3% |
| 2007 | 14.0% | +21.2% |
| 2008 | 16.3% | +16.3% |
| 2009 | 18.4% | +13.3% |
| 2010 | 18.0% | -2.4% |
| 2011 | 17.6% | -1.9% |
| 2012 | 19.0% | +7.8% |
| 2013 | 20.8% | +9.3% |
| 2014 | 18.0% | -13.5% |
| 2015 | 17.6% | -1.8% |
| 2016 | 17.5% | -0.8% |
| 2017 | 15.1% | -13.7% |
| 2018 | 14.8% | -1.9% |
| 2019 | 14.6% | -1.4% |
| 2020 | 15.4% | +5.7% |
| 2021 | 14.3% | -7.5% |
| 2022 | 12.5% | -12.1% |
| 2023 | 14.5% | +15.7% |
| 2024 | 14.0% | -3.8% |
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 | 15.1% | 11.5% | 18.4% | 10 |
| 2010s | 17.3% | 14.6% | 20.8% | 10 |
| 2020s | 14.1% | 12.5% | 15.4% | 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 monetary sector credit to private sector in Papua New Guinea?
- Monetary sector credit to private sector in Papua New Guinea was 14.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Papua New Guinea?
- The highest recorded value was 29.2% in 1989.
- What is the lowest monetary sector credit to private sector recorded in Papua New Guinea?
- The lowest recorded value was 11.5% in 2006.
- How does Papua New Guinea rank for monetary sector credit to private sector?
- Papua New Guinea ranks 156th out of 187 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Papua New Guinea?
- Over the last ten years it is down 22.3%. 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 Monetary Sector credit to private sector (% 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, 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.