Total Credit — Value US$ in Papua New Guinea
Papua New Guinea: Total Credit — Value US$ was 3,234 million USD in 2024. ▲ Rising
Total Credit — Value US$ in Papua New Guinea, 2004–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total credit — value us$ in Papua New Guinea is 3,234 million USD, measured in 2024.
Compared with earlier readings it is up 1.8% on the previous year and down 16.8% over ten years.
Over the whole period, total credit — value us$ in Papua New Guinea peaked at 3,928 million USD in 2015 and was at its lowest, 379.48 million USD, in 2004.
That places Papua New Guinea 115th out of 166 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Total Credit — Value US$ in Papua New Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 2004 | 379.48 million USD | — |
| 2005 | 499.14 million USD | +31.5% |
| 2006 | 714.62 million USD | +43.2% |
| 2007 | 897.47 million USD | +25.6% |
| 2008 | 1,475 million USD | +64.3% |
| 2009 | 1,759 million USD | +19.3% |
| 2010 | 2,092 million USD | +19.0% |
| 2011 | 2,435 million USD | +16.4% |
| 2012 | 3,330 million USD | +36.7% |
| 2013 | 3,555 million USD | +6.8% |
| 2014 | 3,885 million USD | +9.3% |
| 2015 | 3,928 million USD | +1.1% |
| 2016 | 3,611 million USD | -8.1% |
| 2017 | 3,273 million USD | -9.4% |
| 2018 | 3,150 million USD | -3.8% |
| 2019 | 3,240 million USD | +2.9% |
| 2020 | 3,141 million USD | -3.1% |
| 2021 | 2,891 million USD | -8.0% |
| 2022 | 2,927 million USD | +1.2% |
| 2023 | 3,175 million USD | +8.5% |
| 2024 | 3,234 million USD | +1.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 3,234 million USD is below the median for lower middle income countries, which is 4,537 million USD, 71% of the median. (38 countries reporting)
- Papua New Guinea's 3,234 million USD is below the median for East Asia & Pacific, which is 41,209 million USD, 8% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 954 million USD | 379.48 million USD | 1,759 million USD | 6 |
| 2010s | 3,250 million USD | 2,092 million USD | 3,928 million USD | 10 |
| 2020s | 3,073 million USD | 2,891 million USD | 3,234 million USD | 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 us$ in Papua New Guinea?
- Total credit — value us$ in Papua New Guinea was 3,234 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value us$ recorded in Papua New Guinea?
- The highest recorded value was 3,928 million USD in 2015.
- What is the lowest total credit — value us$ recorded in Papua New Guinea?
- The lowest recorded value was 379.48 million USD in 2004.
- How does Papua New Guinea rank for total credit — value us$?
- Papua New Guinea ranks 115th out of 166 countries with data for 2024.
- Is total credit — value us$ rising or falling in Papua New Guinea?
- Over the last ten years it is down 16.8%. 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 US$. 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.