Latin America & Caribbean vs Papua New Guinea: Gross domestic savings
Gross domestic savings over time
- Latin America & Caribbean
- Papua New Guinea
How they compare
Papua New Guinea currently reports 33.2% against 18.1% in Latin America & Caribbean, a difference of 15.1%.
That makes Papua New Guinea's figure about 1.8 times Latin America & Caribbean's.
The two have swapped places 5 times across 44 shared years of data; in 1961 it was Latin America & Caribbean ahead.
Latin America & Caribbean ranks 34th and Papua New Guinea ranks 31st of 43 groups.
Across the 5 decades both report, Latin America & Caribbean averaged higher in 3 and Papua New Guinea in 2.
Head to head by decade
| Decade | Latin America & Caribbean | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 20.4% | 1.2% | 19.2% | Latin America & Caribbean |
| 1970s | 21.0% | 16.5% | 4.5% | Latin America & Caribbean |
| 1980s | 21.6% | 12.2% | 9.5% | Latin America & Caribbean |
| 1990s | 18.2% | 27.0% | 8.8% | Papua New Guinea |
| 2000s | 19.5% | 33.5% | 14.0% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Latin America & Caribbean or Papua New Guinea?
- Papua New Guinea, at 33.2% against 18.1% in Latin America & Caribbean as of 2004.
- What is the difference in gross domestic savings between Latin America & Caribbean and Papua New Guinea?
- 15.1%, with Papua New Guinea ahead.
- How many years of comparable data are there for Latin America & Caribbean and Papua New Guinea?
- 44 years are reported by both, from 1961 to 2004.
- How do Latin America & Caribbean and Papua New Guinea rank globally for gross domestic savings?
- Latin America & Caribbean ranks 34th and Papua New Guinea ranks 31st of 43 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.