Total Credit — Value Standard Local Currency, 2015 prices in Papua New Guinea
Papua New Guinea: Total Credit — Value Standard Local Currency, 2015 prices was 7,630 million SLC in 2024. ▲ Rising
Total Credit — 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, total credit — value standard local currency, 2015 prices in Papua New Guinea stood at 7,630 million SLC.
The figure is up 5.0% on the previous year and down 19.2% over ten years.
Over the whole period, total credit — value standard local currency, 2015 prices in Papua New Guinea peaked at 11,036 million SLC in 2016 and was at its lowest, 2,023 million SLC, in 2004.
That places Papua New Guinea 137th out of 165 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Total Credit — Value Standard Local Currency, 2015 prices in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2004 | 2,023 million SLC | — |
| 2005 | 2,374 million SLC | +17.3% |
| 2006 | 3,060 million SLC | +28.9% |
| 2007 | 3,627 million SLC | +18.5% |
| 2008 | 4,859 million SLC | +34.0% |
| 2009 | 6,217 million SLC | +27.9% |
| 2010 | 6,640 million SLC | +6.8% |
| 2011 | 6,193 million SLC | -6.7% |
| 2012 | 7,484 million SLC | +20.9% |
| 2013 | 8,309 million SLC | +11.0% |
| 2014 | 9,445 million SLC | +13.7% |
| 2015 | 10,873 million SLC | +15.1% |
| 2016 | 11,036 million SLC | +1.5% |
| 2017 | 9,453 million SLC | -14.3% |
| 2018 | 8,556 million SLC | -9.5% |
| 2019 | 8,959 million SLC | +4.7% |
| 2020 | 8,726 million SLC | -2.6% |
| 2021 | 7,278 million SLC | -16.6% |
| 2022 | 6,402 million SLC | -12.0% |
| 2023 | 7,268 million SLC | +13.5% |
| 2024 | 7,630 million SLC | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,693 million SLC | 2,023 million SLC | 6,217 million SLC | 6 |
| 2010s | 8,695 million SLC | 6,193 million SLC | 11,036 million SLC | 10 |
| 2020s | 7,461 million SLC | 6,402 million SLC | 8,726 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 total credit — value standard local currency, 2015 prices in Papua New Guinea?
- Total credit — value standard local currency, 2015 prices in Papua New Guinea was 7,630 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The highest recorded value was 11,036 million SLC in 2016.
- What is the lowest total credit — value standard local currency, 2015 prices recorded in Papua New Guinea?
- The lowest recorded value was 2,023 million SLC in 2004.
- How does Papua New Guinea rank for total credit — value standard local currency, 2015 prices?
- Papua New Guinea ranks 137th out of 165 countries with data for 2024.
- Is total credit — value standard local currency, 2015 prices rising or falling in Papua New Guinea?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is rising.
- 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 Total Credit — 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.