Latin America & Caribbean vs Papua New Guinea: Gross savings
Gross savings over time
- Latin America & Caribbean
- Papua New Guinea
How they compare
Papua New Guinea currently reports 30.4% against 16.5% in Latin America & Caribbean, a difference of 13.9%.
That makes Papua New Guinea's figure about 1.8 times Latin America & Caribbean's.
The two have swapped places 4 times across 28 shared years of data; in 1977 it was Papua New Guinea ahead.
Latin America & Caribbean ranks 39th and Papua New Guinea ranks 37th of 42 groups.
Across the 4 decades both report, Latin America & Caribbean averaged higher in 1 and Papua New Guinea in 3.
Head to head by decade
| Decade | Latin America & Caribbean | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 20.6% | 28.4% | 7.8% | Papua New Guinea |
| 1980s | 20.3% | 14.5% | 5.7% | Latin America & Caribbean |
| 1990s | 21.3% | 22.6% | 1.3% | Papua New Guinea |
| 2000s | 21.5% | 28.9% | 7.4% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Latin America & Caribbean or Papua New Guinea?
- Papua New Guinea, at 30.4% against 16.5% in Latin America & Caribbean as of 2004.
- What is the difference in gross savings between Latin America & Caribbean and Papua New Guinea?
- 13.9%, with Papua New Guinea ahead.
- How many years of comparable data are there for Latin America & Caribbean and Papua New Guinea?
- 28 years are reported by both, from 1977 to 2004.
- How do Latin America & Caribbean and Papua New Guinea rank globally for gross savings?
- Latin America & Caribbean ranks 39th and Papua New Guinea ranks 37th of 42 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.