Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Papua New Guinea
Papua New Guinea: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 1.24 billion in 2022. ▲ Rising
Latest (2022)
1.24 billion
Change on year
down 15.8%
World rank
123rd
of 134 countries
All-time high
1.82 billion
in 2018
All-time low
245.50 million
in 2005
Years of data
18
2005–2022
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Papua New Guinea, 2005–2022
Source: International Monetary Fund.
Analysis
In 2022, outstanding loans, commercial banks, of which: household sector loans in Papua New Guinea stood at 1.24 billion.
Compared with earlier readings it is down 15.8% on the previous year and up 34.3% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Papua New Guinea peaked at 1.82 billion in 2018 and was at its lowest, 245.50 million, in 2005.
Papua New Guinea ranks 123rd of 134 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 245.50 million | — |
| 2006 | 315.20 million | +28.4% |
| 2007 | 521.20 million | +65.4% |
| 2008 | 613.10 million | +17.6% |
| 2009 | 677.90 million | +10.6% |
| 2010 | 801.70 million | +18.3% |
| 2011 | 950.20 million | +18.5% |
| 2012 | 924.10 million | -2.7% |
| 2013 | 913.40 million | -1.2% |
| 2014 | 1.12 billion | +23.0% |
| 2015 | 1.23 billion | +9.6% |
| 2016 | 1.59 billion | +28.9% |
| 2017 | 1.72 billion | +8.3% |
| 2018 | 1.82 billion | +6.2% |
| 2019 | 1.56 billion | -14.4% |
| 2020 | 1.20 billion | -23.4% |
| 2021 | 1.47 billion | +23.2% |
| 2022 | 1.24 billion | -15.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.24 billion is below the median for lower middle income countries, which is 472.36 billion, 0% of the median. (22 countries reporting)
- Papua New Guinea's 1.24 billion is below the median for East Asia & Pacific, which is 299.94 billion, 0% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 474.58 million | 245.50 million | 677.90 million | 5 |
| 2010s | 1.26 billion | 801.70 million | 1.82 billion | 10 |
| 2020s | 1.30 billion | 1.20 billion | 1.47 billion | 3 |
Countries ranked near Papua New Guinea
- 120 Saint Kitts and Nevis 1.38 billion compare
- 121 Belize 1.35 billion compare
- 122 Antigua and Barbuda 1.27 billion compare
- 124 Solomon Islands 1.05 billion compare
- 125 Saint Vincent and the Grenadines 895.11 million compare
- 126 Samoa 502.53 million compare
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 outstanding loans, commercial banks, of which: household sector loans in Papua New Guinea?
- Outstanding loans, commercial banks, of which: household sector loans in Papua New Guinea was 1.24 billion in 2022, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Papua New Guinea?
- The highest recorded value was 1.82 billion in 2018.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Papua New Guinea?
- The lowest recorded value was 245.50 million in 2005.
- How does Papua New Guinea rank for outstanding loans, commercial banks, of which: household sector loans?
- Papua New Guinea ranks 123rd out of 134 countries with data for 2022.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Papua New Guinea?
- Over the last ten years it is up 34.3%. The long-run trend across the full record is rising.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.