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% |
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
- Total reserves (gold at national valuation) (SDR), annual growth rate -2.55 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
- Total reserves in months of imports, annual growth rate 11.56 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.29 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0882 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 256.88 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -3.31 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 256.98 SDR per person (2024)
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.