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

Papua New Guinea PG: Domestic Credit: to Private Sector by Banks: % of GDP data was reported at 16.224 % in 2017. This records a decrease from the previous number of 18.157 % for 2016. Papua New Guinea PG: Domestic Credit: to Private Sector by Banks: % of GDP data is updated yearly, averaging 17.276 % from Dec 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 29.155 % in 1989 and a record low of 11.490 % in 2006. Papua New Guinea PG: Domestic Credit: to Private Sector by Banks: % 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 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.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

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