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.
Deposit interest rate in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1983 | 6.3% | — |
| 1984 | 5.4% | -14.8% |
| 1985 | 6.3% | +16.7% |
| 1986 | 7.6% | +21.1% |
| 1987 | 6.3% | -16.4% |
| 1988 | 6.1% | -3.4% |
| 1989 | 5.4% | -11.3% |
| 1990 | 5.7% | +5.4% |
| 1991 | 6.0% | +4.6% |
| 1992 | 5.2% | -13.3% |
| 1993 | 3.3% | -35.9% |
| 1994 | 3.4% | +1.1% |
| 1995 | 7.3% | +117.6% |
| 1996 | 7.1% | -2.3% |
| 1997 | 4.1% | -42.1% |
| 1998 | 8.4% | +102.5% |
| 1999 | 8.1% | -2.8% |
| 2000 | 8.5% | +4.1% |
| 2001 | 5.5% | -35.4% |
| 2002 | 3.2% | -41.7% |
| 2003 | 4.4% | +37.4% |
| 2004 | 1.7% | -60.6% |
| 2005 | 0.9% | -50.5% |
| 2006 | 1.0% | +14.6% |
| 2007 | 1.1% | +8.3% |
| 2008 | 1.3% | +23.8% |
| 2009 | 2.3% | +76.9% |
| 2010 | 1.4% | -40.5% |
| 2011 | 0.9% | -33.5% |
| 2012 | 0.5% | -47.2% |
| 2013 | 0.3% | -32.1% |
| 2014 | 0.3% | +0.5% |
| 2015 | 0.4% | +28.1% |
| 2016 | 0.6% | +51.8% |
| 2017 | 0.5% | -20.0% |
| 2018 | 0.7% | +31.8% |
| 2019 | 0.9% | +29.4% |
| 2020 | 0.9% | +1.5% |
| 2021 | 0.5% | -49.6% |
| 2022 | 0.3% | -44.3% |
| 2023 | 0.3% | +31.2% |
| 2024 | 0.3% | -20.3% |
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
- 142 Brunei Darussalam 0.3% compare
- 143 Vanuatu 0.3% compare
- 144 Montenegro 0.3% compare
- 146 Bulgaria 0.2% compare
- 147 Hong Kong, China 0.2% compare
- 148 Barbados 0.1% compare
More financial sector data for Papua New Guinea
- Total reserves in months of imports, annual growth rate 11.56 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.29 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0882 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 256.88 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -3.31 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 256.98 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -2.2 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 268.89 SDR per person (2024)
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.