Papua New Guinea: Financial freedom

* indicates monthly or quarterly data series
 Papua New Guinea

Financial freedom index (0-100)

 Latest value 30
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 31
 Min - Max 30 - 50
 Source The Heritage Foundation
For that indicator, we provide data for Papua New Guinea from 1996 to 2024. The average value for Papua New Guinea during that period was 31 points with a minimum of 30 points in 1996 and a maximum of 50 points in 2001. The latest value from 2024 is 30 points. For comparison, the world average in 2024 based on 175 countries is 49 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Papua New Guinea - Financial freedom - Recent values chart

Historical chart
Papua New Guinea - Financial freedom - historical chart - 1996-2024




The Financial Freedom index for Papua New Guinea from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.

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 Related indicators Latest value Reference Measure
 Property rights 43 2024 points
 Freedom from corruption 29 2024 points
 Fiscal freedom 17 2024 points
 Business freedom 35 2024 points
 Labor freedom 65 2024 points
 Monetary freedom 70.80 2024 points
 Trade freedom 78 2024 points
 Investment freedom 25 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 49 2024 index points
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