Papua New Guinea - Domestic credit to private sector

Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Papua New Guinea was 14.85 as of 2020. Its highest value over the past 47 years was 29.16 in 1989, while its lowest value was 11.42 in 2006.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1973 15.00
1974 14.87
1975 15.76
1976 13.07
1977 13.01
1978 12.58
1979 12.52
1980 16.25
1981 19.65
1982 20.65
1983 19.50
1984 21.93
1985 23.26
1986 25.98
1987 24.85
1988 25.31
1989 29.16
1990 28.55
1991 26.10
1992 21.09
1993 16.85
1994 16.24
1995 14.54
1996 13.38
1997 17.28
1998 20.22
1999 17.61
2000 17.13
2001 16.41
2002 14.84
2003 13.53
2004 13.56
2005 14.06
2006 11.42
2007 13.97
2008 16.18
2009 18.33
2010 17.96
2011 17.62
2012 18.95
2013 20.73
2014 17.93
2015 17.61
2016 17.41
2017 15.04
2018 14.77
2019 14.52
2020 14.85

Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Papua New Guinea was 18.19 as of 2020. Its highest value over the past 11 years was 25.10 in 2013, while its lowest value was 18.05 in 2019.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
2009 21.79
2010 21.09
2011 20.93
2012 22.86
2013 25.10
2014 22.63
2015 22.55
2016 22.12
2017 19.35
2018 18.74
2019 18.05
2020 18.19

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets