Bank assets as a share of GDP reached 53.4 % in 2020 in Papua New Guinea, according to the National Central Bank. This is 13.9 % more than in the previous year.
Historically, bank assets as a share of GDP in Papua New Guinea reached an all time high of 60.8 % in 2016 and an all time low of % in. When compared to Papua New Guinea's main peers, bank assets as a share of GDP in Indonesia amounted to 59.2 % and 95.9 % in Philippines in 2020.
Papua New Guinea has been ranked 39th within the group of 53 countries we follow in terms of bank assets as a share of GDP, 60 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.