Services, Credit/Revenue in Papua New Guinea
Papua New Guinea: Services, Credit/Revenue was 75.21 million in 2024. ▼ Falling
Services, Credit/Revenue in Papua New Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Papua New Guinea stood at 75.21 million. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 81.6% on the previous year and down 64.3% over ten years.
Over the whole period, services, credit/revenue in Papua New Guinea peaked at 478.61 million in 2012 and was at its lowest, 75.21 million, in 2024.
Papua New Guinea ranks 187th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services, Credit/Revenue in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 302.92 million | — |
| 2006 | 315.49 million | +4.2% |
| 2007 | 360.18 million | +14.2% |
| 2008 | 363.06 million | +0.8% |
| 2009 | 185.40 million | -48.9% |
| 2010 | 309.44 million | +66.9% |
| 2011 | 422.88 million | +36.7% |
| 2012 | 478.61 million | +13.2% |
| 2013 | 417.62 million | -12.7% |
| 2014 | 210.65 million | -49.6% |
| 2015 | 145.12 million | -31.1% |
| 2016 | 122.47 million | -15.6% |
| 2017 | 294.45 million | +140.4% |
| 2018 | 299.01 million | +1.6% |
| 2019 | 290.85 million | -2.7% |
| 2020 | 98.06 million | -66.3% |
| 2021 | 189.67 million | +93.4% |
| 2022 | 247.45 million | +30.5% |
| 2023 | 408.64 million | +65.1% |
| 2024 | 75.21 million | -81.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 305.41 million | 185.40 million | 363.06 million | 5 |
| 2010s | 299.11 million | 122.47 million | 478.61 million | 10 |
| 2020s | 203.81 million | 75.21 million | 408.64 million | 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 services, credit/revenue in Papua New Guinea?
- Services, credit/revenue in Papua New Guinea was 75.21 million in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Papua New Guinea?
- The highest recorded value was 478.61 million in 2012.
- What is the lowest services, credit/revenue recorded in Papua New Guinea?
- The lowest recorded value was 75.21 million in 2024.
- How does Papua New Guinea rank for services, credit/revenue?
- Papua New Guinea ranks 187th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Papua New Guinea?
- Over the last ten years it is down 64.3%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.