Real interest rate in Papua New Guinea
Papua New Guinea: Real interest rate was 4.9% in 2024. β Volatile
Real interest rate in Papua New Guinea, 1983β2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, real interest rate in Papua New Guinea stood at 4.9%.
That represents a change of down 63.5% on the previous year and up 30.1% over ten years.
Over the whole period, real interest rate in Papua New Guinea peaked at 17.6% in 1989 and was at its lowest, -31.1%, in 2006.
Papua New Guinea ranks 73rd of 148 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.2% | -6.0% | 17.6% | 7 |
| 1990s | 6.5% | -2.3% | 14.1% | 10 |
| 2000s | 2.6% | -31.1% | 15.7% | 10 |
| 2010s | 4.7% | -0.7% | 11.5% | 10 |
| 2020s | 2.9% | -6.1% | 13.3% | 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 real interest rate in Papua New Guinea?
- Real interest rate in Papua New Guinea was 4.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Papua New Guinea?
- The highest recorded value was 17.6% in 1989.
- What is the lowest real interest rate recorded in Papua New Guinea?
- The lowest recorded value was -31.1% in 2006.
- How does Papua New Guinea rank for real interest rate?
- Papua New Guinea ranks 73rd out of 148 countries with data for 2024.
- Is real interest rate rising or falling in Papua New Guinea?
- Over the last ten years it is up 30.1%. The long-run trend across the full record is volatile.
- 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 Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (aΓ·b)*100.