Papua New Guinea - Inflation Rate 2024
0.60%
−1.70pp from 2023
Papua New Guinea's inflation rate was 0.60% in 2024, decreased +1.70pp from 2.30% in 2023. This was the 14th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Iraq | -12.30% | -378.5% |
| 2nd | Afghanistan | -6.60% | 14.4% |
| 3rd | Barbados | -0.44% | -113.8% |
| 4th | Sri Lanka | -0.43% | -102.5% |
| 5th | Costa Rica | -0.41% | -178.6% |
| 6th | Brunei Darussalam | -0.39% | -208.9% |
| 7th | St. Lucia | -0.11% | -102.5% |
| 8th | China | 0.22% | -4.3% |
| 9th | Armenia | 0.27% | -86.6% |
| 10th | Seychelles | 0.31% | 132.8% |
| 11th | Bahamas, The | 0.41% | -86.6% |
| 12th | Trinidad and Tobago | 0.53% | -88.6% |
| 13th | Oman | 0.59% | -37.6% |
| 14th | Papua New Guinea | 0.60% | -73.8% |
| 15th | Panama | 0.69% | -53.3% |
| 16th | Lithuania | 0.72% | -91.8% |
| 17th | Macao SAR, China | 0.74% | -21.4% |
| 18th | Senegal | 0.80% | -86.5% |
| 19th | Cambodia | 0.81% | -62.1% |
| 20th | El Salvador | 0.85% | -78.9% |
| 21st | Bahrain | 0.92% | 1,126.2% |
| 22nd | Italy | 0.98% | -83.4% |
| 23rd | Morocco | 0.99% | -83.9% |
| 24th | St. Kitts and Nevis | 1.04% | -71.2% |
| 25th | Cabo Verde | 1.05% | -71.8% |
| 26th | Liechtenstein | 1.06% | -50.4% |
| 27th | Switzerland | 1.06% | -50.2% |
| 28th | Grenada | 1.09% | -60.0% |
| 29th | Georgia | 1.11% | -55.4% |
| 30th | Benin | 1.16% | -57.5% |
| 31st | Tuvalu | 1.17% | -83.8% |
| 32nd | Gabon | 1.17% | -67.7% |
| 33rd | Vanuatu | 1.20% | -89.3% |
| 34th | San Marino | 1.24% | -79.1% |
| 35th | Latvia | 1.27% | -86.0% |
| 36th | Qatar | 1.27% | -58.9% |
| 37th | Thailand | 1.37% | 11.1% |
| 38th | Denmark | 1.37% | -59.1% |
| 39th | Maldives | 1.40% | -46.3% |
| 40th | Central African Republic | 1.48% | -50.4% |
| 41st | Ecuador | 1.55% | -30.2% |
| 42nd | Jordan | 1.56% | -25.3% |
| 43rd | Finland | 1.57% | -63.9% |
| 44th | Kosovo | 1.62% | -67.2% |
| 45th | Malta | 1.65% | -70.3% |
| 46th | United Arab Emirates | 1.66% | 2.2% |
| 47th | Saudi Arabia | 1.69% | -27.5% |
| 48th | Bosnia and Herzegovina | 1.69% | -72.3% |
| 49th | Aruba | 1.71% | -49.1% |
| 50th | Hong Kong SAR, China | 1.73% | -17.5% |
| 51st | Rwanda | 1.77% | -87.4% |
| 52nd | Cyprus | 1.80% | -54.1% |
| 53rd | Malaysia | 1.83% | -26.3% |
| 54th | Slovenia | 1.97% | -73.6% |
| 55th | France | 2.00% | -64.7% |
| 56th | Peru | 2.01% | -68.0% |
| 57th | Puerto Rico (US) | 2.02% | -42.0% |
| 58th | Luxembourg | 2.05% | -29.9% |
| 59th | Timor-Leste | 2.06% | -75.5% |
| 60th | Djibouti | 2.08% | 43.5% |
| 61st | Ireland | 2.11% | -59.4% |
| 62nd | Libya | 2.13% | -10.4% |
| 63rd | Samoa | 2.17% | -81.9% |
| 64th | Indonesia | 2.18% | -41.2% |
| 65th | Azerbaijan | 2.21% | -74.8% |
| 66th | Albania | 2.22% | -53.5% |
| 67th | Palau | 2.23% | -82.0% |
| 68th | Germany | 2.26% | -62.6% |
| 69th | Korea | 2.32% | -35.5% |
| 70th | Canada | 2.38% | -38.7% |
| 71st | Singapore | 2.39% | -50.6% |
| 72nd | Portugal | 2.42% | -54.1% |
| 73rd | Czechia | 2.44% | -77.2% |
| 74th | European Union | 2.44% | -61.3% |
| 75th | Bulgaria | 2.45% | -71.5% |
| 76th | Kiribati | 2.46% | -73.5% |
| 77th | Mauritania | 2.49% | -49.7% |
| 78th | Dominica | 2.57% | -38.9% |
| 79th | Japan | 2.74% | -16.2% |
| 80th | Greece | 2.74% | -34.0% |
| 81st | Slovak Republic | 2.76% | -74.8% |
| 82nd | Bhutan | 2.76% | -39.1% |
| 83rd | Spain | 2.77% | -18.4% |
| 84th | Botswana | 2.82% | -45.1% |
| 85th | Sweden | 2.84% | -52.0% |
| 86th | Togo | 2.86% | -46.0% |
| 87th | Guatemala | 2.87% | -53.8% |
| 88th | Kuwait | 2.90% | -20.4% |
| 89th | Guyana | 2.90% | -35.8% |
| 90th | Equatorial Guinea | 2.92% | 21.6% |
| 91st | New Zealand | 2.92% | -49.0% |
| 92nd | Austria | 2.94% | -61.9% |
| 93rd | United States | 2.95% | -28.5% |
| 94th | Croatia | 2.97% | -64.6% |
| 95th | Tanzania | 3.06% | -19.5% |
| 96th | Andorra | 3.07% | -45.2% |
| 97th | Israel | 3.07% | -26.9% |
| 98th | Congo, Republic of | 3.09% | -28.3% |
| 99th | Belgium | 3.14% | 37.0% |
| 100th | Norway | 3.15% | -43.0% |
| 101st | Australia | 3.16% | -43.5% |
| 102nd | Tonga | 3.18% | -74.6% |
| 103rd | Mali | 3.21% | 55.7% |
| 104th | Philippines | 3.21% | -46.3% |
| 105th | United Kingdom | 3.27% | -55.2% |
| 106th | Belize | 3.29% | -25.2% |
| 107th | Dominican Republic | 3.30% | -31.0% |
| 108th | Uganda | 3.32% | -37.9% |
| 109th | Montenegro | 3.34% | -61.1% |
| 110th | Netherlands | 3.35% | -18.7% |
| 111th | Côte d'Ivoire | 3.45% | -22.2% |
| 112th | North Macedonia | 3.49% | -62.7% |
| 113th | Tajikistan | 3.51% | -4.0% |
| 114th | Estonia | 3.52% | -61.4% |
| 115th | Mauritius | 3.60% | -48.8% |
| 116th | Viet Nam | 3.62% | 11.3% |
| 117th | St. Vincent and the Grenadines | 3.63% | -20.5% |
| 118th | Hungary | 3.70% | -78.4% |
| 119th | Guinea-Bissau | 3.77% | -47.4% |
| 120th | Poland | 3.78% | -67.0% |
| 121st | Paraguay | 3.84% | -17.2% |
| 122nd | Eswatini | 4.03% | -18.5% |
| 123rd | Algeria | 4.05% | -56.6% |
| 124th | Mozambique | 4.08% | -41.7% |
| 125th | Burkina Faso | 4.19% | 344.9% |
| 126th | Namibia | 4.24% | -27.9% |
| 127th | Chile | 4.30% | -43.3% |
| 128th | Solomon Islands | 4.32% | -15.1% |
| 129th | South Africa | 4.36% | -26.1% |
| 130th | Brazil | 4.37% | -4.9% |
| 131st | Kenya | 4.49% | -41.5% |
| 132nd | Fiji | 4.51% | 92.5% |
| 133rd | Cameroon | 4.53% | -38.6% |
| 134th | Turkmenistan | 4.58% | 388.4% |
| 135th | Honduras | 4.61% | -30.9% |
| 136th | Nicaragua | 4.62% | -45.2% |
| 137th | Serbia | 4.67% | -62.2% |
| 138th | Moldova | 4.68% | -65.2% |
| 139th | Nepal | 4.69% | -39.4% |
| 140th | Mexico | 4.72% | -14.5% |
| 141st | Uruguay | 4.85% | -17.3% |
| 142nd | India | 4.95% | -7.6% |
| 143rd | Kyrgyz Republic | 5.02% | -53.5% |
| 144th | Comoros | 5.05% | -40.4% |
| 145th | Bolivia, Plurinational State of | 5.10% | 97.9% |
| 146th | Marshall Islands | 5.20% | -30.1% |
| 147th | Jamaica | 5.41% | -16.4% |
| 148th | Micronesia, Federated States of | 5.44% | -12.4% |
| 149th | Somalia, Fed. Rep. | 5.53% | -10.4% |
| 150th | Romania | 5.72% | -45.0% |
| 151st | Belarus | 5.79% | 15.3% |
| 152nd | Iceland | 5.86% | -33.0% |
| 153rd | Lesotho | 6.11% | -6.2% |
| 154th | Antigua and Barbuda | 6.20% | 22.3% |
| 155th | Mongolia | 6.21% | -40.1% |
| 156th | Ukraine | 6.50% | -49.4% |
| 157th | Colombia | 6.61% | -43.7% |
| 158th | Tunisia | 7.21% | -22.7% |
| 159th | Madagascar | 7.64% | -22.5% |
| 160th | Guinea | 8.12% | 49.5% |
| 161st | Liberia | 8.21% | -18.6% |
| 162nd | Russian Federation | 8.43% | 44.0% |
| 163rd | Kazakhstan | 8.84% | -39.1% |
| 164th | Chad | 8.90% | 286.9% |
| 165th | Niger | 9.07% | 145.4% |
| 166th | Nauru | 9.27% | 93.9% |
| 167th | Uzbekistan | 9.63% | -3.3% |
| 168th | Bangladesh | 10.47% | 16.1% |
| 169th | Gambia, The | 11.56% | -31.9% |
| 170th | Pakistan | 12.63% | -56.7% |
| 171st | São Tomé and Principe | 14.35% | -32.3% |
| 172nd | Zambia | 14.99% | 37.7% |
| 173rd | Suriname | 16.23% | -68.5% |
| 174th | Congo, Democratic Republic of | 17.65% | -11.3% |
| 175th | Burundi | 20.21% | -25.4% |
| 176th | Ghana | 22.85% | -41.7% |
| 177th | Lao PDR | 23.13% | -25.9% |
| 178th | Myanmar | 26.50% | 4.0% |
| 179th | Haiti | 26.95% | -38.9% |
| 180th | Angola | 28.24% | 107.1% |
| 181st | Egypt, Arab Republic of | 28.27% | 15.9% |
| 182nd | Sierra Leone | 28.63% | -40.0% |
| 183rd | Malawi | 32.18% | 11.7% |
| 184th | Iran, Islamic Republic of | 32.46% | -20.2% |
| 185th | Nigeria | 33.24% | 34.8% |
| 186th | Yemen, Republic of | 33.92% | 3,853.1% |
| 187th | Lebanon | 45.24% | -79.6% |
| 188th | West Bank and Gaza | 53.67% | 814.0% |
| 189th | Türkiye | 58.51% | 8.6% |
| 190th | South Sudan | 91.44% | 130.5% |
| 191st | Sudan | 185.68% | 140.4% |
| 192nd | Argentina | 219.88% | 64.7% |
| 193rd | Zimbabwe | 736.11% | 10.3% |
FAQ
What was Papua New Guinea's inflation rate in 2024?▾
Papua New Guinea's inflation rate in 2024 was 0.60%. This ranked 14th globally.
How did Papua New Guinea's inflation rate change in 2024?▾
Papua New Guinea's inflation rate decreased by 73.8% in 2024 compared to 2023.
Which country had the highest inflation rate in 2024?▾
Zimbabwe had the highest inflation rate in 2024 at 736.11%.
What is the inflation rate of Papua New Guinea in 2024?▾
The inflation rate of Papua New Guinea in 2024 was 0.60%. This ranked 14th globally.
How does 2024 compare to 2023 for Papua New Guinea's inflation rate?▾
Papua New Guinea's inflation rate went from 2.30% in 2023 to 0.60% in 2024, a 73.8% decrease.
Related
2023
2025
All years
Full ranking 2024
Consumer Price Index
PPP Conversion Factor
Peak: 1974
Lowest: 2024
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Kenya
vs Mauritania
vs West Bank and Gaza
vs Kiribati
Global Ranking