Interest rate spread in Papua New Guinea
Papua New Guinea: Interest rate spread was 8.0% in 2024. ▲ Rising
Interest rate spread in Papua New Guinea, 1983–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Papua New Guinea recorded 8.0% for interest rate spread in 2024.
Compared with earlier readings it is down 0.3% on the previous year and down 11.2% over ten years.
Over the whole period, interest rate spread in Papua New Guinea peaked at 11.5% in 2004 and was at its lowest, 4.8%, in 1986.
That places Papua New Guinea 30th out of 141 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Interest rate spread in Papua New Guinea, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1983 | 5.3% | — |
| 1984 | 5.3% | -0.2% |
| 1985 | 5.3% | +0.1% |
| 1986 | 4.8% | -10.0% |
| 1987 | 5.6% | +17.9% |
| 1988 | 6.6% | +17.0% |
| 1989 | 9.2% | +40.1% |
| 1990 | 9.8% | +6.6% |
| 1991 | 8.2% | -16.4% |
| 1992 | 9.4% | +14.2% |
| 1993 | 8.0% | -14.8% |
| 1994 | 5.8% | -27.1% |
| 1995 | 5.8% | +0.7% |
| 1996 | 6.2% | +5.6% |
| 1997 | 6.3% | +2.4% |
| 1998 | 9.3% | +47.8% |
| 1999 | 10.8% | +15.3% |
| 2000 | 9.1% | -15.6% |
| 2001 | 10.7% | +18.3% |
| 2002 | 10.7% | -0.4% |
| 2003 | 9.0% | -16.1% |
| 2004 | 11.5% | +28.3% |
| 2005 | 10.6% | -7.9% |
| 2006 | 9.6% | -9.7% |
| 2007 | 8.7% | -9.1% |
| 2008 | 7.9% | -9.6% |
| 2009 | 7.8% | -1.4% |
| 2010 | 9.1% | +16.6% |
| 2011 | 9.9% | +9.1% |
| 2012 | 10.3% | +4.5% |
| 2013 | 9.8% | -5.1% |
| 2014 | 9.0% | -7.7% |
| 2015 | 8.3% | -8.1% |
| 2016 | 7.7% | -7.0% |
| 2017 | 7.9% | +1.8% |
| 2018 | 8.4% | +6.6% |
| 2019 | 7.8% | -7.4% |
| 2020 | 6.8% | -12.4% |
| 2021 | 7.2% | +5.7% |
| 2022 | 7.7% | +7.6% |
| 2023 | 8.1% | +4.0% |
| 2024 | 8.0% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.0% | 4.8% | 9.2% | 7 |
| 1990s | 8.0% | 5.8% | 10.8% | 10 |
| 2000s | 9.6% | 7.8% | 11.5% | 10 |
| 2010s | 8.8% | 7.7% | 10.3% | 10 |
| 2020s | 7.6% | 6.8% | 8.1% | 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 interest rate spread in Papua New Guinea?
- Interest rate spread in Papua New Guinea was 8.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Papua New Guinea?
- The highest recorded value was 11.5% in 2004.
- What is the lowest interest rate spread recorded in Papua New Guinea?
- The lowest recorded value was 4.8% in 1986.
- How does Papua New Guinea rank for interest rate spread?
- Papua New Guinea ranks 30th out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Papua New Guinea?
- Over the last ten years it is down 11.2%. The long-run trend across the full record is rising.
- 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 Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.