Total Credit — Value Standard Local Currency in Papua New Guinea
Papua New Guinea: Total Credit — Value Standard Local Currency was 12,431 million SLC in 2024. ▲ Rising
Total Credit — Value Standard Local Currency in Papua New Guinea, 2004–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total credit — value standard local currency in Papua New Guinea is 12,431 million SLC, measured in 2024. That is the highest value across all 21 years on record.
The figure is up 9.1% on the previous year and up 30.0% over ten years.
Over the whole period, total credit — value standard local currency in Papua New Guinea peaked at 12,431 million SLC in 2024 and was at its lowest, 1,223 million SLC, in 2004.
That places Papua New Guinea 138th 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 in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2004 | 1,223 million SLC | — |
| 2005 | 1,548 million SLC | +26.6% |
| 2006 | 2,184 million SLC | +41.1% |
| 2007 | 2,661 million SLC | +21.8% |
| 2008 | 3,982 million SLC | +49.6% |
| 2009 | 4,846 million SLC | +21.7% |
| 2010 | 5,689 million SLC | +17.4% |
| 2011 | 5,774 million SLC | +1.5% |
| 2012 | 6,938 million SLC | +20.2% |
| 2013 | 7,979 million SLC | +15.0% |
| 2014 | 9,563 million SLC | +19.9% |
| 2015 | 10,873 million SLC | +13.7% |
| 2016 | 11,314 million SLC | +4.1% |
| 2017 | 10,437 million SLC | -7.8% |
| 2018 | 10,373 million SLC | -0.6% |
| 2019 | 10,977 million SLC | +5.8% |
| 2020 | 10,866 million SLC | -1.0% |
| 2021 | 10,143 million SLC | -6.7% |
| 2022 | 10,300 million SLC | +1.5% |
| 2023 | 11,398 million SLC | +10.7% |
| 2024 | 12,431 million SLC | +9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,741 million SLC | 1,223 million SLC | 4,846 million SLC | 6 |
| 2010s | 8,992 million SLC | 5,689 million SLC | 11,314 million SLC | 10 |
| 2020s | 11,027 million SLC | 10,143 million SLC | 12,431 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)
- Agriculture share gdp 17.02 (2024)
- Value added in the agricultural sector as of gdp vs gdp per capita 17.02 (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 in Papua New Guinea?
- Total credit — value standard local currency in Papua New Guinea was 12,431 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Papua New Guinea?
- The highest recorded value was 12,431 million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Papua New Guinea?
- The lowest recorded value was 1,223 million SLC in 2004.
- How does Papua New Guinea rank for total credit — value standard local currency?
- Papua New Guinea ranks 138th out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Papua New Guinea?
- Over the last ten years it is up 30.0%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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.