Money market Rate, Percent per annum in Papua New Guinea
Papua New Guinea: Money market Rate, Percent per annum was 4.27 in 2023. ▼ Falling
Money market Rate, Percent per annum in Papua New Guinea, 2000–2023
Source: International Monetary Fund.
Analysis
In 2023, money market rate, percent per annum in Papua New Guinea stood at 4.27.
That represents a change of up 3.5% on the previous year and down 36.7% over ten years.
Over the whole period, money market rate, percent per annum in Papua New Guinea peaked at 13.58 in 2003 and was at its lowest, 3, in 2007.
That places Papua New Guinea 55th out of 94 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Money market Rate, Percent per annum in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.54 | — |
| 2001 | 11.05 | +15.8% |
| 2002 | 9.11 | -17.5% |
| 2003 | 13.58 | +49.0% |
| 2004 | 7.79 | -42.6% |
| 2005 | 4.36 | -44.0% |
| 2006 | 3.29 | -24.5% |
| 2007 | 3 | -8.9% |
| 2008 | 5.5 | +83.3% |
| 2009 | 7.67 | +39.4% |
| 2010 | 7 | -8.7% |
| 2011 | 6.98 | -0.3% |
| 2012 | 7.67 | +9.9% |
| 2013 | 6.75 | -12.0% |
| 2014 | 6.75 | +0.0% |
| 2015 | 6.75 | +0.0% |
| 2016 | 6.75 | +0.0% |
| 2017 | 6.75 | +0.0% |
| 2018 | 6.75 | +0.0% |
| 2019 | 6.75 | +0.0% |
| 2020 | 6.75 | +0.0% |
| 2021 | 5.15 | -23.8% |
| 2022 | 4.12 | -19.8% |
| 2023 | 4.27 | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.49 | 3 | 13.58 | 10 |
| 2010s | 6.89 | 6.75 | 7.67 | 10 |
| 2020s | 5.07 | 4.12 | 6.75 | 4 |
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 money market rate, percent per annum in Papua New Guinea?
- Money market rate, percent per annum in Papua New Guinea was 4.27 in 2023, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Papua New Guinea?
- The highest recorded value was 13.58 in 2003.
- What is the lowest money market rate, percent per annum recorded in Papua New Guinea?
- The lowest recorded value was 3 in 2007.
- How does Papua New Guinea rank for money market rate, percent per annum?
- Papua New Guinea ranks 55th out of 94 countries with data for 2023.
- Is money market rate, percent per annum rising or falling in Papua New Guinea?
- Over the last ten years it is down 36.7%. 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 Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.