Papua New Guinea: Nonbank financial institutions assets to GDP

The latest value from 2020 is 12.3 percent, an increase from 11.13 percent in 2019. In comparison, the world average is 22.40 percent, based on data from 60 countries. Historically, the average for Papua New Guinea from 2009 to 2020 is 9.05 percent. The minimum value, 5.86 percent, was reached in 2010 while the maximum of 12.3 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: ...Claims on domestic real nonfinancial sector by other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is other financial institutions' claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the IMF’s International Financial Statistics.