Monetary policy-related, Rate, Percent per annum in Papua New Guinea
Papua New Guinea: Monetary policy-related, Rate, Percent per annum was 4 in 2024. ▼ Falling
Monetary policy-related, Rate, Percent per annum in Papua New Guinea, 2002–2024
Source: International Monetary Fund.
Analysis
Papua New Guinea recorded 4 for monetary policy-related, rate, percent per annum in 2024.
The figure is up 60.0% on the previous year and down 36.0% over ten years.
Over the whole period, monetary policy-related, rate, percent per annum in Papua New Guinea peaked at 14 in 2002 and was at its lowest, 2.5, in 2023.
Papua New Guinea ranks 48th of 80 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Monetary policy-related, Rate, Percent per annum in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 14 | — |
| 2003 | 14 | +0.0% |
| 2004 | 7 | -50.0% |
| 2005 | 6 | -14.3% |
| 2006 | 6 | +0.0% |
| 2007 | 6 | +0.0% |
| 2008 | 8 | +33.3% |
| 2009 | 7 | -12.5% |
| 2010 | 7 | +0.0% |
| 2011 | 7.75 | +10.7% |
| 2012 | 6.75 | -12.9% |
| 2013 | 6.25 | -7.4% |
| 2014 | 6.25 | +0.0% |
| 2015 | 6.25 | +0.0% |
| 2016 | 6.25 | +0.0% |
| 2017 | 6.25 | +0.0% |
| 2018 | 6.25 | +0.0% |
| 2019 | 5 | -20.0% |
| 2020 | 3 | -40.0% |
| 2021 | 3 | +0.0% |
| 2022 | 3.25 | +8.3% |
| 2023 | 2.5 | -23.1% |
| 2024 | 4 | +60.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4 is below the median for lower middle income countries, which is 10, 40% of the median. (17 countries reporting)
- Papua New Guinea's 4 is above the median for East Asia & Pacific, which is 3.38, 1.2× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.5 | 6 | 14 | 8 |
| 2010s | 6.4 | 5 | 7.75 | 10 |
| 2020s | 3.15 | 2.5 | 4 | 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 monetary policy-related, rate, percent per annum in Papua New Guinea?
- Monetary policy-related, rate, percent per annum in Papua New Guinea was 4 in 2024, according to International Monetary Fund.
- What is the highest monetary policy-related, rate, percent per annum recorded in Papua New Guinea?
- The highest recorded value was 14 in 2002.
- What is the lowest monetary policy-related, rate, percent per annum recorded in Papua New Guinea?
- The lowest recorded value was 2.5 in 2023.
- How does Papua New Guinea rank for monetary policy-related, rate, percent per annum?
- Papua New Guinea ranks 48th out of 80 countries with data for 2024.
- Is monetary policy-related, rate, percent per annum rising or falling in Papua New Guinea?
- Over the last ten years it is down 36.0%. 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 Monetary policy-related, 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.