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 153 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.3% is below the median for lower middle income countries, which is 5.2%, 5% of the median. (42 countries reporting)
- Papua New Guinea's 0.3% is below the median for East Asia & Pacific, which is 1.5%, 17% of the median. (26 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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 153 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.