Papua New Guinea PG: Domestic Credit: to Private Sector: % of GDP

Papua New Guinea PG: Domestic Credit: to Private Sector: % of GDP data was reported at 20.870 % in 2017. This records a decrease from the previous number of 23.069 % for 2016. Papua New Guinea PG: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 17.651 % from Dec 1973 to 2017, with 45 observations. The data reached an all-time high of 29.231 % in 1989 and a record low of 11.615 % in 2006. Papua New Guinea PG: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank.WDI: Bank Loans. 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.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

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