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Prices & public finance · East Asia & Pacific · Lower-middle income
Papua New Guinea: prices, money and public finance
Inflation is 4.4% (2025), 48th of 180 in the world and 6th of 27 in East Asia & Pacific. GDP deflator is 6.9% (2025), 41st of 209 in the world and 4th of 36 in East Asia & Pacific. Lending rate is 8.3% (2024), 74th of 136 in the world and 9th of 24 in East Asia & Pacific.
Inflation
Papua New GuineaEast Asia & PacificLower-middle incomeWorld
GDP deflator
Papua New GuineaEast Asia & PacificLower-middle incomeWorld
14 indicators
Prices & public finance: Papua New Guinea in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 4.4%2025 | 48/180 | 6/27 | 15.6% | 6.0% | 4.9% | −1.6 ppsince 2015 | 2.0% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 6.9%2025 | 41/209 | 4/36 | 13.1% | 9.9% | 1.6% | +8.1 ppsince 2015 | 2.5% | 5.0% | 3.3% | |
| Lending rateLending interest rate, % | 8.3%2024 | 74/136 | 9/24 | 17.5% | 10.4% | 7.7% | −1.1 ppsince 2014 | — | — | — | |
| Real interest rateReal interest rate, % | 4.9%2024 | 71/136 | 14/24 | 3.9% | 0.5% | 6.0% | +1.1 ppsince 2014 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 4.122025 | 123/210 | 19/36 | 2.78 | 2.72 | 3.46 | +49%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 15.5%2024 | 79/142 | 15/25 | 19.0% | · | 11.9% | −2.4 ppsince 2014 | 10.8% | 12.1% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 16.6%2024 | 112/142 | 21/25 | 24.2% | · | 12.9% | −2.7 ppsince 2014 | 17.6% | 14.2% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 20.3%2023 | 98/142 | 17/25 | 30.0% | · | 20.9% | −1.8 ppsince 2002 | — | 15.7% | 28.5% | |
| Government debtCentral government debt, % of GDP | 52.0%2024 | 37/78 | 7/17 | 57.7% | · | 48.7% | +25.1 ppsince 2014 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 41.9%2024 | 63/119 | 5/16 | 70.4% | 45.4% | 78.1% | −47.7 ppsince 2014 | — | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 15.7%2025 | 140/169 | 25/25 | · | 21.1% | 18.8% | −6.8 ppsince 2015 | 175.5% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 26.6%2019 | — | — | 32.2% | 33.6% | 26.6%2019 | −10.3 ppsince 2009 | 211.5% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.92024 | 71/165 | 16/24 | 1.8 | 5.4 | 5.3 | +12%since 2014 | 11.1 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.35%2025 | 150/156 | 18/18 | 0.64% | 0.33% | 0.39% | −0.1 ppsince 2015 | 1.72% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−1.6 pp4.4% in 2025
- External debt−47.7 pp41.9% in 2024
- Reserves, months of imports+12%4.9 in 2024
Worse than ten years ago
- Government debt+25.1 pp52.0% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Papua New Guinea and its neighbours
Countries sharing a land border with Papua New Guinea. Latest values since 2005; the highest in each row is marked.
| Indicator | Papua New Guinea | Indonesia | Australia | Solomon Islands | Micronesia |
|---|---|---|---|---|---|
| Inflation | 4.4%2025 | 1.9%2025 | 2.9%2025 | 3.4%2025 | 5.4%2022 |
| GDP deflator | 6.9%2025 | 2.4%2025 | 2.3%2025 | 5.0%2025 | 3.2%2025 |
| Lending rate | 8.3%2024 | 8.5%2025 | 5.1%2019 | 5.2%2021 | 12.6%2021 |
| Real interest rate | 4.9%2024 | 6.0%2025 | 1.6%2019 | 5.8%2021 | 10.6%2021 |
| Exchange rate | 4.122025 | 16,477.872025 | 1.552025 | 8.332025 | 1.002025 |
| Tax revenue | 15.5%2024 | 11.1%2009 | 23.6%2022 | 23.3%2024 | 7.0%2020 |
| Government revenue | 16.6%2024 | 15.1%2009 | 26.1%2022 | 25.4%2024 | 29.7%2020 |
| Government expense | 20.3%2023 | 15.4%2009 | 27.6%2022 | 28.9%2022 | 23.4%2020 |
| Government debt | 52.0%2024 | 30.0%2009 | 57.9%2022 | 26.0%2024 | 27.8%2020 |