Deposit Rate, Percent per annum in Papua New Guinea
Papua New Guinea: Deposit Rate, Percent per annum was 0.2625 in 2024. ◆ Volatile
Deposit Rate, Percent per annum in Papua New Guinea, 1983–2024
Source: International Monetary Fund.
Analysis
The most recent figure for deposit rate, percent per annum in Papua New Guinea is 0.2625, measured in 2024.
The figure is down 20.3% on the previous year and down 20.9% over ten years.
Over the whole period, deposit rate, percent per annum in Papua New Guinea peaked at 8.46 in 2000 and was at its lowest, 0.2508, in 2022.
That places Papua New Guinea 137th out of 143 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit Rate, Percent per annum in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1983 | 6.29 | — |
| 1984 | 5.36 | -14.8% |
| 1985 | 6.25 | +16.7% |
| 1986 | 7.57 | +21.1% |
| 1987 | 6.33 | -16.4% |
| 1988 | 6.11 | -3.4% |
| 1989 | 5.42 | -11.3% |
| 1990 | 5.71 | +5.4% |
| 1991 | 5.97 | +4.6% |
| 1992 | 5.18 | -13.3% |
| 1993 | 3.32 | -35.9% |
| 1994 | 3.35 | +1.1% |
| 1995 | 7.29 | +117.6% |
| 1996 | 7.13 | -2.3% |
| 1997 | 4.13 | -42.1% |
| 1998 | 8.36 | +102.5% |
| 1999 | 8.13 | -2.8% |
| 2000 | 8.46 | +4.1% |
| 2001 | 5.46 | -35.4% |
| 2002 | 3.18 | -41.7% |
| 2003 | 4.38 | +37.4% |
| 2004 | 1.73 | -60.6% |
| 2005 | 0.8542 | -50.5% |
| 2006 | 0.9792 | +14.6% |
| 2007 | 1.06 | +8.3% |
| 2008 | 1.31 | +23.8% |
| 2009 | 2.32 | +76.9% |
| 2010 | 1.38 | -40.5% |
| 2011 | 0.92 | -33.5% |
| 2012 | 0.4858 | -47.2% |
| 2013 | 0.33 | -32.1% |
| 2014 | 0.3317 | +0.5% |
| 2015 | 0.425 | +28.1% |
| 2016 | 0.6451 | +51.8% |
| 2017 | 0.5158 | -20.0% |
| 2018 | 0.68 | +31.8% |
| 2019 | 0.88 | +29.4% |
| 2020 | 0.8933 | +1.5% |
| 2021 | 0.45 | -49.6% |
| 2022 | 0.2508 | -44.3% |
| 2023 | 0.3292 | +31.2% |
| 2024 | 0.2625 | -20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.19 | 5.36 | 7.57 | 7 |
| 1990s | 5.86 | 3.32 | 8.36 | 10 |
| 2000s | 2.97 | 0.8542 | 8.46 | 10 |
| 2010s | 0.6597 | 0.33 | 1.38 | 10 |
| 2020s | 0.4372 | 0.2508 | 0.8933 | 5 |
Countries ranked near Papua New Guinea
- 134 Brunei Darussalam 0.3137 compare
- 135 Vanuatu 0.3089 compare
- 136 Montenegro 0.27 compare
- 138 Bulgaria 0.2469 compare
- 139 Hong Kong, China 0.2008 compare
- 140 Barbados 0.1433 compare
More financial sector data for Papua New Guinea
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
Frequently asked questions
- What is deposit rate, percent per annum in Papua New Guinea?
- Deposit rate, percent per annum in Papua New Guinea was 0.2625 in 2024, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Papua New Guinea?
- The highest recorded value was 8.46 in 2000.
- What is the lowest deposit rate, percent per annum recorded in Papua New Guinea?
- The lowest recorded value was 0.2508 in 2022.
- How does Papua New Guinea rank for deposit rate, percent per annum?
- Papua New Guinea ranks 137th out of 143 countries with data for 2024.
- Is deposit rate, percent per annum 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 Monetary Fund, published as part of Deposit Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.