Papua New Guinea: Financial development

The latest value from 2021 is 0.184 index points, an increase from 0.18 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Papua New Guinea from 1980 to 2021 is 0.17 index points. The minimum value, 0.131 index points, was reached in 1993 while the maximum of 0.229 index points was recorded in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.