The value of loans in Papua New Guinea increased 4 percent in December of 2019 over the same month in the previous year.

Loan Growth in Papua New Guinea averaged 4.48 percent from 2013 until 2019, reaching an all time high of 17.70 percent in October of 2013 and a record low of -5.10 percent in October of 2017. This page provides - Papua New Guinea Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Loan Growth - values, historical data and charts - was last updated on October of 2020.

Loan Growth in Papua New Guinea is expected to be 7.78 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Papua New Guinea to stand at 7.79 in 12 months time. In the long-term, the Papua New Guinea Loan Growth is projected to trend around 7.79 percent in 2021, according to our econometric models.

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Papua New Guinea Loan Growth

Actual Previous Highest Lowest Dates Unit Frequency
4.00 6.10 17.70 -5.10 2013 - 2019 percent Monthly

Papua New Guinea Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 16.00 3.00 percent [+]
Deposit Interest Rate 0.88 0.68 11.49 0.33 percent [+]
Loan Growth 4.00 6.10 17.70 -5.10 percent [+]
Foreign Exchange Reserves 2338.10 2210.10 3064.00 1609.20 USD Million [+]