Net domestic credit (current LCU), annual growth rate in Papua New Guinea
Papua New Guinea: Net domestic credit (current LCU), annual growth rate was -1.08 % change on previous year in 2024. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in Papua New Guinea, 1974–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded -1.08 % change on previous year for net domestic credit (current lcu), annual growth rate in 2024.
The figure is down 107.0% on the previous year and down 104.6% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Papua New Guinea peaked at 41.24 % change on previous year in 1976 and was at its lowest, -14.96 % change on previous year, in 1975.
Papua New Guinea ranks 170th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1974 | 36.4 % change on previous year | — |
| 1975 | -14.96 % change on previous year | -141.1% |
| 1976 | 41.24 % change on previous year | -375.6% |
| 1977 | 4.12 % change on previous year | -90.0% |
| 1978 | 7.33 % change on previous year | +78.1% |
| 1979 | 26.29 % change on previous year | +258.6% |
| 1980 | 21.9 % change on previous year | -16.7% |
| 1981 | 22.17 % change on previous year | +1.3% |
| 1982 | 14.45 % change on previous year | -34.8% |
| 1983 | 1.62 % change on previous year | -88.8% |
| 1984 | 9.7 % change on previous year | +499.7% |
| 1985 | 20.3 % change on previous year | +109.2% |
| 1986 | 20.89 % change on previous year | +2.9% |
| 1987 | 3.4 % change on previous year | -83.7% |
| 1988 | 17.13 % change on previous year | +404.1% |
| 1989 | 14.41 % change on previous year | -15.9% |
| 1990 | 7.42 % change on previous year | -48.5% |
| 1991 | 23.27 % change on previous year | +213.7% |
| 1992 | 12.12 % change on previous year | -47.9% |
| 1993 | 7.39 % change on previous year | -39.0% |
| 1994 | 8.26 % change on previous year | +11.7% |
| 1995 | 2.32 % change on previous year | -72.0% |
| 1996 | 5.78 % change on previous year | +149.8% |
| 1997 | 23.63 % change on previous year | +308.5% |
| 1998 | 16.63 % change on previous year | -29.6% |
| 1999 | 1.45 % change on previous year | -91.3% |
| 2000 | -1.97 % change on previous year | -235.4% |
| 2001 | -8.49 % change on previous year | +331.5% |
| 2002 | 30.67 % change on previous year | -461.1% |
| 2003 | -7.07 % change on previous year | -123.0% |
| 2004 | 1.53 % change on previous year | -121.7% |
| 2005 | 8.5 % change on previous year | +455.2% |
| 2006 | 19.19 % change on previous year | +125.7% |
| 2007 | 5.54 % change on previous year | -71.1% |
| 2008 | 15.63 % change on previous year | +182.1% |
| 2009 | 36.58 % change on previous year | +134.0% |
| 2010 | 4.91 % change on previous year | -86.6% |
| 2011 | -5.18 % change on previous year | -205.5% |
| 2012 | 37.71 % change on previous year | -827.4% |
| 2013 | 40.87 % change on previous year | +8.4% |
| 2014 | 23.52 % change on previous year | -42.4% |
| 2015 | 15.8 % change on previous year | -32.8% |
| 2016 | 24.62 % change on previous year | +55.8% |
| 2017 | -0.072 % change on previous year | -100.3% |
| 2018 | -6.7 % change on previous year | +9215.8% |
| 2019 | 5.16 % change on previous year | -177.0% |
| 2020 | 11.73 % change on previous year | +127.2% |
| 2021 | 1.91 % change on previous year | -83.7% |
| 2022 | 0.5633 % change on previous year | -70.6% |
| 2023 | 15.54 % change on previous year | +2658.9% |
| 2024 | -1.08 % change on previous year | -107.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.74 % change on previous year | -14.96 % change on previous year | 41.24 % change on previous year | 6 |
| 1980s | 14.6 % change on previous year | 1.62 % change on previous year | 22.17 % change on previous year | 10 |
| 1990s | 10.83 % change on previous year | 1.45 % change on previous year | 23.63 % change on previous year | 10 |
| 2000s | 10.01 % change on previous year | -8.49 % change on previous year | 36.58 % change on previous year | 10 |
| 2010s | 14.06 % change on previous year | -6.7 % change on previous year | 40.87 % change on previous year | 10 |
| 2020s | 5.73 % change on previous year | -1.08 % change on previous year | 15.54 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 167 Cyprus -0.4317 % change on previous year compare
- 168 Austria -0.4662 % change on previous year compare
- 169 Japan -0.9434 % change on previous year compare
- 171 United Kingdom of Great Britain and Northern Ireland -1.27 % change on previous year compare
- 172 Finland -1.46 % change on previous year compare
- 173 Germany -2.13 % change on previous year compare
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)
- 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)
- Total reserves (gold at national valuation) (SDR), annual growth rate -2.55 % change on previous year (2024)
Frequently asked questions
- What is net domestic credit (current lcu), annual growth rate in Papua New Guinea?
- Net domestic credit (current lcu), annual growth rate in Papua New Guinea was -1.08 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 41.24 % change on previous year in 1976.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -14.96 % change on previous year in 1975.
- How does Papua New Guinea rank for net domestic credit (current lcu), annual growth rate?
- Papua New Guinea ranks 170th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 104.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.