Lending interest rate in Papua New Guinea
Papua New Guinea: Lending interest rate was 8.3% in 2024. ▼ Falling
Lending interest rate in Papua New Guinea, 1983–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, lending interest rate in Papua New Guinea stood at 8.3%.
Compared with earlier readings it is down 1.1% on the previous year and down 11.6% over ten years.
Over the whole period, lending interest rate in Papua New Guinea peaked at 18.9% in 1999 and was at its lowest, 7.6%, in 2021.
That places Papua New Guinea 79th out of 148 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.2% | 10.6% | 14.6% | 7 |
| 1990s | 13.8% | 9.2% | 18.9% | 10 |
| 2000s | 12.5% | 9.2% | 17.5% | 10 |
| 2010s | 9.5% | 8.4% | 10.8% | 10 |
| 2020s | 8.0% | 7.6% | 8.4% | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Net migration -284 (2025)
- Total reserves in months of imports 4.9 (2024)
- Net domestic credit 29.42 billion current LCU (2024)
- Domestic credit to private sector by banks 13.4% (2025)
- Net foreign assets 10.51 billion current LCU (2024)
- Claims on central government, etc. 17.4% (2024)
- Monetary Sector credit to private sector 14.0% (2024)
- Domestic credit to private sector 16.3% (2024)
- Broad money 26.6% (2019)
- Official exchange rate 4.12 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Papua New Guinea?
- Lending interest rate in Papua New Guinea was 8.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Papua New Guinea?
- The highest recorded value was 18.9% in 1999.
- What is the lowest lending interest rate recorded in Papua New Guinea?
- The lowest recorded value was 7.6% in 2021.
- How does Papua New Guinea rank for lending interest rate?
- Papua New Guinea ranks 79th out of 148 countries with data for 2024.
- Is lending interest rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 11.6%. The long-run trend across the full record is falling.
- 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 Lending interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.