Net domestic credit (current LCU) in Papua New Guinea
Papua New Guinea: Net domestic credit (current LCU) 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 187 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 187 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) 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 29.42 billion current LCU is below the median for lower middle income countries, which is 680.59 billion current LCU, 4% of the median. (46 countries reporting)
- Papua New Guinea's 29.42 billion current LCU is below the median for East Asia & Pacific, which is 4.46 trillion current LCU, 1% of the median. (26 countries reporting)
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
- 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 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 187 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.