Real interest rate rose 317% to 13.3% in Papua New Guinea in 2023, according to the National Statistical Office.
Historically, real interest rate in Papua New Guinea reached an all time high of 17.6% in 1989 and an all time low of -31.1% in 2006.
Papua New Guinea has been ranked 12th within the group of 78 countries we follow in terms of real interest rate, 52 places above the position seen 10 years ago.
| Real Interest Rate | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Australia | % | 3.33% | 1.58% | ... | ... | ... | ... | ... | ||||||||||||||
| China | % | 0.853% | 3.00% | 3.80% | -0.119% | 2.37% | ||||||||||||||||
| Indonesia | % | 6.47% | 8.63% | 9.99% | 2.75% | -0.957% | ||||||||||||||||
| Malaysia | % | 4.28% | 4.80% | 4.80% | -2.11% | -2.35% | ||||||||||||||||
| New Zealand | % | -1.88% | ... | ... | ... | ... | ... | ... | ||||||||||||||
| Papua New Guinea | % | -0.658% | 7.51% | 5.97% | -3.54% | -6.12% | ... | |||||||||||||||
| Philippines | % | 2.29% | 6.35% | ... | ... | ... | ... | ... | ||||||||||||||
| Singapore | % | 1.66% | 5.70% | 7.83% | -5.12% | ... | ... | ... | ||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Vietnam | % | 3.61% | 5.16% | 6.09% | 4.79% | 3.42% | ... |
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