Private credit by deposit money banks to GDP in Papua New Guinea
Papua New Guinea: Private credit by deposit money banks to GDP was 15.6% in 2020. ▼ Falling
Private credit by deposit money banks to GDP in Papua New Guinea, 1973–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks to gdp in Papua New Guinea is 15.6%, measured in 2020.
Compared with earlier readings it is up 7.4% on the previous year and down 13.1% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Papua New Guinea peaked at 29.2% in 1989 and was at its lowest, 11.4%, in 2006.
That places Papua New Guinea 153rd out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 48 years of available data.
Private credit by deposit money banks to GDP in Papua New Guinea, year by year
| Year | % | 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 | 21.9% | +12.4% |
| 1985 | 23.3% | +6.1% |
| 1986 | 26.0% | +11.7% |
| 1987 | 24.8% | -4.3% |
| 1988 | 25.3% | +1.8% |
| 1989 | 29.2% | +15.2% |
| 1990 | 28.6% | -2.1% |
| 1991 | 26.1% | -8.6% |
| 1992 | 21.1% | -19.2% |
| 1993 | 16.9% | -20.1% |
| 1994 | 16.2% | -3.7% |
| 1995 | 14.5% | -10.4% |
| 1996 | 13.4% | -8.0% |
| 1997 | 17.3% | +29.1% |
| 1998 | 20.2% | +17.0% |
| 1999 | 17.6% | -12.9% |
| 2000 | 17.1% | -2.7% |
| 2001 | 16.4% | -4.2% |
| 2002 | 14.8% | -9.5% |
| 2003 | 13.5% | -8.9% |
| 2004 | 13.6% | +0.2% |
| 2005 | 14.1% | +3.7% |
| 2006 | 11.4% | -18.8% |
| 2007 | 14.0% | +22.3% |
| 2008 | 17.5% | +25.3% |
| 2009 | 18.3% | +4.7% |
| 2010 | 18.0% | -2.0% |
| 2011 | 17.6% | -1.9% |
| 2012 | 18.9% | +7.6% |
| 2013 | 20.7% | +9.5% |
| 2014 | 17.9% | -13.5% |
| 2015 | 17.6% | -1.8% |
| 2016 | 17.4% | -1.1% |
| 2017 | 15.0% | -13.6% |
| 2018 | 14.8% | -1.8% |
| 2019 | 14.5% | -1.6% |
| 2020 | 15.6% | +7.4% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 15.6% is below the median for lower middle income countries, which is 22.2%, 70% of the median. (46 countries reporting)
- Papua New Guinea's 15.6% is below the median for East Asia & Pacific, which is 71.8%, 22% of the median. (26 countries reporting)
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% | 11.4% | 18.3% | 10 |
| 2010s | 17.3% | 14.5% | 20.7% | 10 |
| 2020s | 15.6% | 15.6% | 15.6% | 1 |
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 private credit by deposit money banks to gdp in Papua New Guinea?
- Private credit by deposit money banks to gdp in Papua New Guinea was 15.6% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Papua New Guinea?
- The highest recorded value was 29.2% in 1989.
- What is the lowest private credit by deposit money banks to gdp recorded in Papua New Guinea?
- The lowest recorded value was 11.4% in 2006.
- How does Papua New Guinea rank for private credit by deposit money banks to gdp?
- Papua New Guinea ranks 153rd out of 187 countries with data for 2020.
- Is private credit by deposit money banks to gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 13.1%. 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 (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).