Bank assets as a share of GDP reached 52.5 % in 2017 in Papua New Guinea, according to the National Central Bank. This is 7.84 % less than in the previous year.
Historically, bank assets as a share of GDP in Papua New Guinea reached an all time high of 59.8 % in 2013 and an all time low of 14.0 % in 1979. When compared to Papua New Guinea's main peers, bank assets as a share of GDP in Australia amounted to 250 %, 53.9 % in Indonesia and 86.2 % in Philippines in 2017.
Papua New Guinea has been ranked 86th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 26 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.