Papua New Guinea: Monetary freedom

* indicates monthly or quarterly data series
 Papua New Guinea

Monetary freedom index (0-100)

 Latest value 70.80
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 72.89
 Min - Max 67.90 - 87.90
 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 72.89 points with a minimum of 67.9 points in 1997 and a maximum of 87.9 points in 2001. The latest value from 2024 is 70.8 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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 - Monetary freedom - Recent values chart

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




The Monetary Freedom index for Papua New Guinea from The Heritage Foundation reflects the stability of prices in Papua New Guinea and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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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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