Interest rate on bank deposits fell 69.2% to 0.280% in Papua New Guinea in 2021, according to the National Central Bank.
Historically, interest rate on bank deposits in Papua New Guinea reached an all time high of 10.0% in 1981 and an all time low of 0.280% in 2021.
Papua New Guinea has been ranked 87th within the group of 96 countries we follow in terms of interest rate on bank deposits, 47 places above the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 2.30% | 2.14% | 2.01% | 1.98% | 1.56% | ... | ... | ||||||||||||||
| China | % | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | ||||||||||||||||
| Indonesia | % | 8.34% | 7.17% | 6.52% | 6.13% | 6.69% | ||||||||||||||||
| Malaysia | % | 3.13% | 3.03% | 2.92% | 3.14% | 2.98% | ||||||||||||||||
| New Zealand | % | 3.73% | 3.23% | 3.30% | 3.26% | 3.00% | ||||||||||||||||
| Papua New Guinea | % | 0.425% | 0.645% | 0.516% | 0.680% | 0.880% | ||||||||||||||||
| Philippines | % | 1.59% | 1.60% | 1.88% | 3.12% | 4.08% | ... | ... | ||||||||||||||
| Singapore | % | 0.167% | 0.190% | 0.142% | 0.157% | 0.198% | ||||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Vietnam | % | 4.75% | 5.04% | 4.81% | 4.74% | 4.98% |
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