Lending Rate, Percent per annum in Papua New Guinea
Papua New Guinea: Lending Rate, Percent per annum was 8.29 in 2024. ▼ Falling
Lending Rate, Percent per annum in Papua New Guinea, 1983–2024
Source: International Monetary Fund.
Analysis
Papua New Guinea recorded 8.29 for lending rate, percent per annum in 2024.
The figure is down 1.1% on the previous year and down 11.6% over ten years.
Over the whole period, lending rate, percent per annum in Papua New Guinea peaked at 18.9 in 1999 and was at its lowest, 7.64, in 2021.
Papua New Guinea ranks 81st of 144 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Lending Rate, Percent per annum in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1983 | 11.58 | — |
| 1984 | 10.64 | -8.2% |
| 1985 | 11.54 | +8.5% |
| 1986 | 12.33 | +6.9% |
| 1987 | 11.94 | -3.2% |
| 1988 | 12.68 | +6.2% |
| 1989 | 14.62 | +15.3% |
| 1990 | 15.52 | +6.1% |
| 1991 | 14.17 | -8.7% |
| 1992 | 14.53 | +2.6% |
| 1993 | 11.29 | -22.3% |
| 1994 | 9.16 | -18.8% |
| 1995 | 13.14 | +43.5% |
| 1996 | 13.3 | +1.2% |
| 1997 | 10.45 | -21.5% |
| 1998 | 17.7 | +69.4% |
| 1999 | 18.9 | +6.7% |
| 2000 | 17.54 | -7.2% |
| 2001 | 16.21 | -7.6% |
| 2002 | 13.89 | -14.3% |
| 2003 | 13.36 | -3.8% |
| 2004 | 13.25 | -0.8% |
| 2005 | 11.47 | -13.4% |
| 2006 | 10.57 | -7.9% |
| 2007 | 9.78 | -7.5% |
| 2008 | 9.2 | -5.9% |
| 2009 | 10.09 | +9.8% |
| 2010 | 10.45 | +3.5% |
| 2011 | 10.81 | +3.5% |
| 2012 | 10.81 | +0.1% |
| 2013 | 10.13 | -6.3% |
| 2014 | 9.38 | -7.4% |
| 2015 | 8.73 | -6.9% |
| 2016 | 8.37 | -4.1% |
| 2017 | 8.39 | +0.2% |
| 2018 | 9.07 | +8.2% |
| 2019 | 8.65 | -4.7% |
| 2020 | 7.7 | -11.0% |
| 2021 | 7.64 | -0.8% |
| 2022 | 7.99 | +4.6% |
| 2023 | 8.38 | +4.9% |
| 2024 | 8.29 | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.19 | 10.64 | 14.62 | 7 |
| 1990s | 13.82 | 9.16 | 18.9 | 10 |
| 2000s | 12.54 | 9.2 | 17.54 | 10 |
| 2010s | 9.48 | 8.37 | 10.81 | 10 |
| 2020s | 8 | 7.64 | 8.38 | 5 |
Countries ranked near Papua New Guinea
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 lending rate, percent per annum in Papua New Guinea?
- Lending rate, percent per annum in Papua New Guinea was 8.29 in 2024, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Papua New Guinea?
- The highest recorded value was 18.9 in 1999.
- What is the lowest lending rate, percent per annum recorded in Papua New Guinea?
- The lowest recorded value was 7.64 in 2021.
- How does Papua New Guinea rank for lending rate, percent per annum?
- Papua New Guinea ranks 81st out of 144 countries with data for 2024.
- Is lending rate, percent per annum rising or falling in Papua New Guinea?
- Over the last ten years it is down 11.6%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Lending 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.