Deposit interest rate in Papua New Guinea
Papua New Guinea: Deposit interest rate was 0.3% in 2024. ◆ Volatile
Deposit interest rate in Papua New Guinea, 1983–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Papua New Guinea recorded 0.3% for deposit interest rate in 2024.
Compared with earlier readings it is down 20.3% on the previous year and down 20.9% over ten years.
Over the whole period, deposit interest rate in Papua New Guinea peaked at 8.5% in 2000 and was at its lowest, 0.3%, in 2022.
Papua New Guinea ranks 145th of 152 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.2% | 5.4% | 7.6% | 7 |
| 1990s | 5.9% | 3.3% | 8.4% | 10 |
| 2000s | 3.0% | 0.9% | 8.5% | 10 |
| 2010s | 0.7% | 0.3% | 1.4% | 10 |
| 2020s | 0.4% | 0.3% | 0.9% | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Domestic credit to private sector 16.3% (2024)
- Net domestic credit 29.42 billion current LCU (2024)
- Total reserves in months of imports 4.9 (2024)
- Net foreign assets 10.51 billion current LCU (2024)
- Domestic credit to private sector by banks 13.4% (2025)
- Monetary Sector credit to private sector 14.0% (2024)
- Claims on central government, etc. 17.4% (2024)
- Broad money 26.6% (2019)
- Official exchange rate 4.12 LCU per US$, period average (2025)
- Net migration -284 (2025)
Frequently asked questions
- What is deposit interest rate in Papua New Guinea?
- Deposit interest rate in Papua New Guinea was 0.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Papua New Guinea?
- The highest recorded value was 8.5% in 2000.
- What is the lowest deposit interest rate recorded in Papua New Guinea?
- The lowest recorded value was 0.3% in 2022.
- How does Papua New Guinea rank for deposit interest rate?
- Papua New Guinea ranks 145th out of 152 countries with data for 2024.
- Is deposit interest rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 20.9%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.