Lower middle income vs Papua New Guinea: Gross domestic savings
Gross domestic savings over time
- Lower middle income
- Papua New Guinea
How they compare
Papua New Guinea currently reports 33.2% against 19.1% in Lower middle income, a difference of 14.1%.
That makes Papua New Guinea's figure about 1.7 times Lower middle income's.
The two have swapped places 9 times across 44 shared years of data; in 1961 it was Lower middle income ahead.
Lower middle income ranks 28th and Papua New Guinea ranks 31st of 43 groups.
Across the 5 decades both report, Lower middle income averaged higher in 2 and Papua New Guinea in 3.
Head to head by decade
| Decade | Lower middle income | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 5.7% | 1.2% | 4.4% | Lower middle income |
| 1970s | 12.6% | 16.5% | 3.9% | Papua New Guinea |
| 1980s | 17.0% | 12.2% | 4.8% | Lower middle income |
| 1990s | 18.9% | 27.0% | 8.2% | Papua New Guinea |
| 2000s | 17.2% | 33.5% | 16.3% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Lower middle income or Papua New Guinea?
- Papua New Guinea, at 33.2% against 19.1% in Lower middle income as of 2004.
- What is the difference in gross domestic savings between Lower middle income and Papua New Guinea?
- 14.1%, with Papua New Guinea ahead.
- How many years of comparable data are there for Lower middle income and Papua New Guinea?
- 44 years are reported by both, from 1961 to 2004.
- How do Lower middle income and Papua New Guinea rank globally for gross domestic savings?
- Lower middle income ranks 28th 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.