Net domestic credit in Papua New Guinea
Papua New Guinea: Net domestic credit was 29.42 billion current LCU in 2024. ◆ Volatile
Latest (2024)
29.42 billion current LCU
Change on year
down 1.1%
World rank
150th
of 186 countries
All-time high
29.74 billion current LCU
in 2023
All-time low
115.58 million current LCU
in 1973
Years of data
52
1973–2024
Net domestic credit in Papua New Guinea, 1973–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Papua New Guinea recorded 29.42 billion current LCU for net domestic credit in 2024.
That represents a change of down 1.1% on the previous year and up 85.2% over ten years.
Over the whole period, net domestic credit in Papua New Guinea peaked at 29.74 billion current LCU in 2023 and was at its lowest, 115.58 million current LCU, in 1973.
Papua New Guinea ranks 150th 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 in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1973 | 115.58 million current LCU | — |
| 1974 | 157.65 million current LCU | +36.4% |
| 1975 | 134.06 million current LCU | -15.0% |
| 1976 | 189.35 million current LCU | +41.2% |
| 1977 | 197.15 million current LCU | +4.1% |
| 1978 | 211.60 million current LCU | +7.3% |
| 1979 | 267.22 million current LCU | +26.3% |
| 1980 | 325.74 million current LCU | +21.9% |
| 1981 | 397.97 million current LCU | +22.2% |
| 1982 | 455.46 million current LCU | +14.4% |
| 1983 | 462.83 million current LCU | +1.6% |
| 1984 | 507.73 million current LCU | +9.7% |
| 1985 | 610.78 million current LCU | +20.3% |
| 1986 | 738.38 million current LCU | +20.9% |
| 1987 | 763.47 million current LCU | +3.4% |
| 1988 | 894.26 million current LCU | +17.1% |
| 1989 | 1.02 billion current LCU | +14.4% |
| 1990 | 1.10 billion current LCU | +7.4% |
| 1991 | 1.35 billion current LCU | +23.3% |
| 1992 | 1.52 billion current LCU | +12.1% |
| 1993 | 1.63 billion current LCU | +7.4% |
| 1994 | 1.77 billion current LCU | +8.3% |
| 1995 | 1.81 billion current LCU | +2.3% |
| 1996 | 1.91 billion current LCU | +5.8% |
| 1997 | 2.36 billion current LCU | +23.6% |
| 1998 | 2.76 billion current LCU | +16.6% |
| 1999 | 2.80 billion current LCU | +1.5% |
| 2000 | 2.74 billion current LCU | -2.0% |
| 2001 | 2.51 billion current LCU | -8.5% |
| 2002 | 3.28 billion current LCU | +30.7% |
| 2003 | 3.05 billion current LCU | -7.1% |
| 2004 | 3.09 billion current LCU | +1.5% |
| 2005 | 3.36 billion current LCU | +8.5% |
| 2006 | 4.00 billion current LCU | +19.2% |
| 2007 | 4.22 billion current LCU | +5.5% |
| 2008 | 4.88 billion current LCU | +15.6% |
| 2009 | 6.67 billion current LCU | +36.6% |
| 2010 | 6.99 billion current LCU | +4.9% |
| 2011 | 6.63 billion current LCU | -5.2% |
| 2012 | 9.13 billion current LCU | +37.7% |
| 2013 | 12.86 billion current LCU | +40.9% |
| 2014 | 15.89 billion current LCU | +23.5% |
| 2015 | 18.40 billion current LCU | +15.8% |
| 2016 | 22.93 billion current LCU | +24.6% |
| 2017 | 22.91 billion current LCU | -0.1% |
| 2018 | 21.38 billion current LCU | -6.7% |
| 2019 | 22.48 billion current LCU | +5.2% |
| 2020 | 25.12 billion current LCU | +11.7% |
| 2021 | 25.60 billion current LCU | +1.9% |
| 2022 | 25.74 billion current LCU | +0.6% |
| 2023 | 29.74 billion current LCU | +15.5% |
| 2024 | 29.42 billion current LCU | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 181.80 million current LCU | 115.58 million current LCU | 267.22 million current LCU | 7 |
| 1980s | 617.97 million current LCU | 325.74 million current LCU | 1.02 billion current LCU | 10 |
| 1990s | 1.90 billion current LCU | 1.10 billion current LCU | 2.80 billion current LCU | 10 |
| 2000s | 3.78 billion current LCU | 2.51 billion current LCU | 6.67 billion current LCU | 10 |
| 2010s | 15.96 billion current LCU | 6.63 billion current LCU | 22.93 billion current LCU | 10 |
| 2020s | 27.12 billion current LCU | 25.12 billion current LCU | 29.74 billion current LCU | 5 |
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 net domestic credit in Papua New Guinea?
- Net domestic credit in Papua New Guinea was 29.42 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Papua New Guinea?
- The highest recorded value was 29.74 billion current LCU in 2023.
- What is the lowest net domestic credit recorded in Papua New Guinea?
- The lowest recorded value was 115.58 million current LCU in 1973.
- How does Papua New Guinea rank for net domestic credit?
- Papua New Guinea ranks 150th out of 186 countries with data for 2024.
- Is net domestic credit rising or falling in Papua New Guinea?
- Over the last ten years it is up 85.2%. The long-run trend across the full record is volatile.
- 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 Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.