Lending interest rate (%) in Papua New Guinea: 8.3% in 2024, ranking 54th of 91 countries. In 2010 it was 10.4%.
Understanding the chart
The line chart above tracks lending interest rate (%) in Papua New Guinea for each year from 2010 to 2024, 15 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in %. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2024 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2024, Papua New Guinea's lending rate fell from 10.4% to 8.3%, a fall of 2.2 percentage points.
- The highest value in this period was 10.8% in 2012; the lowest was 7.6% in 2021.
- Recently, the figure has moved up and down over the last three years (2023: 8.4%; 2024: 8.3%).
- Papua New Guinea has the 54th-highest value of 91 countries with recent data.
- In Melanesia, Papua New Guinea has the 2nd-highest value of 3 countries with recent data; the highest is Vanuatu (8.4%), and the typical (median) value is 8.3%.
Analysis
Averaged over periods, the figure was 10.3% in 2010 to 2014, 8.6% in 2015 to 2019 and 8.0% in 2020 onwards. The value went up in 6 of the 14 year-to-year steps and down in 8. The biggest one-year rise came in 2018 (+0.7 percentage points). The biggest one-year fall came in 2020 (−1.0 percentage points). Year to year, the figure typically varied by about 1.1 percentage points around its average of 9.0%, a moderately variable pattern.
What it means
For businesses and investors, the figure is most useful alongside related measures for the same country, such as growth, inflation, population and incomes, and compared with similar countries. Compared with its neighbours in Melanesia, where the typical value is 8.3%, Papua New Guinea is close to the regional norm.
Related figures
- Lending interest rate (%) by country, 2025: 60.0% (highest: Madagascar). The rate banks charge on loans to their best (prime) customers.
- Lending interest rate (%) in Fiji, 2010–2024: 4.6% (Lending rate, 2024 · 83rd of 91). Lending interest rate (%) in Fiji: 4.6% in 2024, ranking 83rd of 91 countries.
- Lending interest rate (%) in Vanuatu, 2013–2025: 8.4% (Lending rate, 2025 · 52nd of 91). Lending interest rate (%) in Vanuatu: 8.4% in 2025, ranking 52nd of 91 countries.
About this statistic
The rate banks charge on loans to their best (prime) customers. Definitions differ between countries. A starting point for the cost of borrowing. Small businesses usually pay more than the prime rate.
Access to credit, interest rates and banking services decide how easily households can borrow and spend, and how easily small businesses can fund equipment, stock and growth. The figures come from the World Bank's World Development Indicators, which compile official national statistics in a consistent form so countries can be compared.
Questions and answers
What is the lending interest rate (%) in Papua New Guinea?
8.3% (Lending rate, 2024 · 54th of 91). Lending interest rate (%) in Papua New Guinea: 8.3% in 2024, ranking 54th of 91 countries. In 2010 it was 10.4%.
How has lending rate in Papua New Guinea changed since 2010?
Between 2010 and 2024, Papua New Guinea's lending rate fell from 10.4% to 8.3%, a fall of 2.2 percentage points. The highest value in this period was 10.8% in 2012; the lowest was 7.6% in 2021.
Where does this data come from?
From World Bank, World Development Indicators (CC BY 4.0), covering 2010–2024. The rate banks charge on loans to their best (prime) customers. Definitions differ between countries. A starting point for the cost of borrowing. Small businesses usually pay more than the prime rate.
Data
| Year | Lending interest rate (%) |
|---|---|
| 2010 | 10.4% |
| 2011 | 10.8% |
| 2012 | 10.8% |
| 2013 | 10.1% |
| 2014 | 9.4% |
| 2015 | 8.7% |
| 2016 | 8.4% |
| 2017 | 8.4% |
| 2018 | 9.1% |
| 2019 | 8.7% |
| 2020 | 7.7% |
| 2021 | 7.6% |
| 2022 | 8.0% |
| 2023 | 8.4% |
| 2024 | 8.3% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2024. Coverage: Papua New Guinea.
The rate banks charge on loans to their best (prime) customers. Definitions differ between countries. A starting point for the cost of borrowing. Small businesses usually pay more than the prime rate.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Lending interest rate (%) by country, 2025
- Lending interest rate (%) in Fiji, 2010–2024
- Lending interest rate (%) in Vanuatu, 2013–2025
- GDP of Papua New Guinea, 2010–2025
- Economic growth (GDP growth) in Papua New Guinea, 2010–2025
- GDP per person in Papua New Guinea, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Papua New Guinea, 2010–2024
- Income per person (GNI, Atlas method, US$) in Papua New Guinea, 2010–2025
- Inflation rate in Papua New Guinea, 2010–2025
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