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Cost of moneyPapua New Guinea

Lending rate in Papua New Guinea

What do banks charge for credit there?

Papua New Guinea's lending rate is 8.29 % — #28 of 67 countries on the atlas (lower is better). Period 2024.

8.29%

Checked 21 Sept 2026Period 2024

Source: IMF International Financial Statistics

Lending rate in Papua New Guinea over time

18.90 %13.27 %7.64 %18.90 % · 19997.64 % · 20211983: 11.58 %1984: 10.64 %1985: 11.54 %1986: 12.33 %1987: 11.94 %1988: 12.68 %1989: 14.62 %1990: 15.52 %1991: 14.17 %1992: 14.53 %1993: 11.29 %1994: 9.16 %1995: 13.14 %1996: 13.30 %1997: 10.45 %1998: 17.70 %1999: 18.90 %2000: 17.54 %2001: 16.21 %2002: 13.89 %2003: 13.36 %2004: 13.25 %2005: 11.47 %2006: 10.57 %2007: 9.78 %2008: 9.20 %2009: 10.09 %2010: 10.45 %2011: 10.81 %2012: 10.81 %2013: 10.13 %2014: 9.38 %2015: 8.73 %2016: 8.37 %2017: 8.39 %2018: 9.07 %2019: 8.65 %2020: 7.70 %2021: 7.64 %2022: 7.99 %2023: 8.38 %2024: 8.29 %1983200320248.29 %
42 official observations, 1983 → 2024. Every point is a published value — never interpolated.
Rank
#28 of 67
lower is better
Ranked behind
58 %
39 of 67 countries
Latest move
▼ 0.09 pp
since 2023
Below its peak
10.61 pp
peak 18.90 % in 1999
Full series
▼ 3.29 pp
since 1983

vs median 8.79 %: −0.50 pp (better)

Among 67 countries

10 of 67 countries between 2.96 % and 4.75 %9 of 67 countries between 4.75 % and 6.55 %9 of 67 countries between 6.55 % and 8.34 %10 of 67 countries between 8.34 % and 10.14 %4 of 67 countries between 10.14 % and 11.93 %3 of 67 countries between 11.93 % and 13.73 %5 of 67 countries between 13.73 % and 15.52 %5 of 67 countries between 15.52 % and 17.31 %3 of 67 countries between 17.31 % and 19.11 %3 of 67 countries between 19.11 % and 20.90 %1 of 67 countries between 22.70 % and 24.49 %1 of 67 countries between 37.05 % and 38.84 %4 of 67 countries between 44.23 % and 46.02 %median 8.79 %Papua New Guinea: ahead of 58 % of the 67 countries with a published lending ratePapua New Guinea 8.29 %2.96 %46.02 %
Half of all 67 countries sit between 5.88 % and 15.34 %. Papua New Guinea is ahead of 58 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryLending ratevs Papua New Guinea
26 Jordan8.10 %−0.19 pp
27 Guyana8.23 %−0.06 pp
28 Papua New Guinea8.29 %—
29 Belize8.48 %+0.19 pp
30 Indonesia8.50 %+0.21 pp

Bank lending rate, IMF-harmonised — the price of credit, ~150 economies.

How to read this figure

The IMF-harmonised bank lending rate — what banks charge their customers for credit, averaged nationally. Harmonisation is what makes ~150 economies comparable; the trade-off is that the underlying loan mix (business vs consumer, maturities) differs by country, so treat close values as similar, not identical.

Next, about Papua New Guinea

Deposit rateInflation rate
Lending rate, all countries ranked →Compare Papua New Guinea with another country →Everything about Papua New Guinea →
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