Barbados vs Papua New Guinea: Lending interest rate
Barbados
8.1%
in 2022
Papua New Guinea
8.3%
in 2024
Barbados rank
82nd
Papua New Guinea rank
79th
Lending interest rate over time
- Barbados
- Papua New Guinea
How they compare
Papua New Guinea currently reports 8.3% against 8.1% in Barbados, a difference of 0.2%.
The two have swapped places 4 times across 40 shared years of data; in 1983 it was Barbados ahead.
Barbados ranks 82nd and Papua New Guinea ranks 79th of 148 countries.
Across the 5 decades both report, Barbados averaged higher in 1 and Papua New Guinea in 4.
Head to head by decade
| Decade | Barbados | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 10.1% | 12.2% | 2.0% | Papua New Guinea |
| 1990s | 10.4% | 13.8% | 3.4% | Papua New Guinea |
| 2000s | 9.5% | 12.5% | 3.1% | Papua New Guinea |
| 2010s | 8.3% | 9.5% | 1.1% | Papua New Guinea |
| 2020s | 8.1% | 7.8% | 0.3% | Barbados |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Barbados or Papua New Guinea?
- Papua New Guinea, at 8.3% against 8.1% in Barbados as of 2024.
- What is the difference in lending interest rate between Barbados and Papua New Guinea?
- 0.2%, with Papua New Guinea ahead.
- How many years of comparable data are there for Barbados and Papua New Guinea?
- 40 years are reported by both, from 1983 to 2022.
- How do Barbados and Papua New Guinea rank globally for lending interest rate?
- Barbados ranks 82nd and Papua New Guinea ranks 79th of 148 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Lending interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.