Credit to Agriculture — Value Standard Local Currency, 2015 prices in Papua New Guinea
Papua New Guinea: Credit to Agriculture — Value Standard Local Currency, 2015 prices was 61.75 million SLC in 2024. ◆ Volatile
Credit to Agriculture — Value Standard Local Currency, 2015 prices in Papua New Guinea, 2004–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, credit to agriculture — value standard local currency, 2015 prices in Papua New Guinea stood at 61.75 million SLC.
The figure is down 18.5% on the previous year and up 2,304.6% over ten years.
Over the whole period, credit to agriculture — value standard local currency, 2015 prices in Papua New Guinea peaked at 75.75 million SLC in 2023 and was at its lowest, 0.33 million SLC, in 2018.
Papua New Guinea ranks 45th of 59 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture — Value Standard Local Currency, 2015 prices in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2004 | 42.18 million SLC | — |
| 2005 | 21.16 million SLC | -49.8% |
| 2006 | 24.94 million SLC | +17.9% |
| 2007 | 44.11 million SLC | +76.9% |
| 2008 | 20.14 million SLC | -54.4% |
| 2009 | 17.45 million SLC | -13.3% |
| 2010 | 11.56 million SLC | -33.8% |
| 2011 | 3 million SLC | -74.0% |
| 2012 | 3.67 million SLC | +22.1% |
| 2013 | 1.56 million SLC | -57.4% |
| 2014 | 2.57 million SLC | +64.4% |
| 2015 | 2.3 million SLC | -10.4% |
| 2016 | 0.3902 million SLC | -83.0% |
| 2017 | 1.18 million SLC | +201.8% |
| 2018 | 0.33 million SLC | -72.0% |
| 2019 | 9.96 million SLC | +2917.9% |
| 2020 | 9.72 million SLC | -2.4% |
| 2021 | 4.66 million SLC | -52.0% |
| 2022 | 4.16 million SLC | -10.7% |
| 2023 | 75.75 million SLC | +1718.9% |
| 2024 | 61.75 million SLC | -18.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.33 million SLC | 17.45 million SLC | 44.11 million SLC | 6 |
| 2010s | 3.65 million SLC | 0.33 million SLC | 11.56 million SLC | 10 |
| 2020s | 31.21 million SLC | 4.16 million SLC | 75.75 million SLC | 5 |
Countries ranked near Papua New Guinea
More agriculture & rural data for Papua New Guinea
- Agriculture, forestry, and fishing, value added (current US$), annual 0.3264 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 0.1702 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 495.76 current US$ per person (2024)
- Rural population, annual growth rate 1.31 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.8422 units per person (2025)
- Share of GDP from agriculture 17.0% (2024)
- Agriculture as a share of GDP vs. GDP per capita 17.0% (2024)
- Agricultural raw materials exports 2.6% (2023)
- Agricultural raw materials imports 0.5% (2023)
Frequently asked questions
- What is credit to agriculture — value standard local currency, 2015 prices in Papua New Guinea?
- Credit to agriculture — value standard local currency, 2015 prices in Papua New Guinea was 61.75 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The highest recorded value was 75.75 million SLC in 2023.
- What is the lowest credit to agriculture — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The lowest recorded value was 0.33 million SLC in 2018.
- How does Papua New Guinea rank for credit to agriculture — value standard local currency, 2015 prices?
- Papua New Guinea ranks 45th out of 59 countries with data for 2024.
- Is credit to agriculture — value standard local currency, 2015 prices rising or falling in Papua New Guinea?
- Over the last ten years it is up 2,304.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Credit to Agriculture — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.