Real interest rate in Papua New Guinea
Papua New Guinea: Real interest rate was 4.9% in 2024. ◆ Volatile
Real interest rate in Papua New Guinea, 1983–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, real interest rate in Papua New Guinea stood at 4.9%.
That represents a change of down 63.5% on the previous year and up 30.1% over ten years.
Over the whole period, real interest rate in Papua New Guinea peaked at 17.6% in 1989 and was at its lowest, -31.1%, in 2006.
Papua New Guinea ranks 73rd of 148 countries on this measure, in the middle of the range.
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% | -6.0% | 17.6% | 7 |
| 1990s | 6.5% | -2.3% | 14.1% | 10 |
| 2000s | 2.6% | -31.1% | 15.7% | 10 |
| 2010s | 4.7% | -0.7% | 11.5% | 10 |
| 2020s | 2.9% | -6.1% | 13.3% | 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)
- Claims on central government, etc. 17.4% (2024)
- Monetary Sector credit to private sector 14.0% (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 real interest rate in Papua New Guinea?
- Real interest rate in Papua New Guinea was 4.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Papua New Guinea?
- The highest recorded value was 17.6% in 1989.
- What is the lowest real interest rate recorded in Papua New Guinea?
- The lowest recorded value was -31.1% in 2006.
- How does Papua New Guinea rank for real interest rate?
- Papua New Guinea ranks 73rd out of 148 countries with data for 2024.
- Is real interest rate rising or falling in Papua New Guinea?
- Over the last ten years it is up 30.1%. 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 Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.