Latin America & the Caribbean (IDA & IBRD countries) vs Papua New Guinea: Gross savings
Gross savings over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Papua New Guinea
How they compare
Papua New Guinea currently reports 30.4% against 16.5% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 13.9%.
That makes Papua New Guinea's figure about 1.8 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 5 times across 29 shared years of data; in 1976 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 39th and Papua New Guinea ranks 37th of 42 groups.
Across the 4 decades both report, Latin America & the Caribbean (IDA & IBRD countries) averaged higher in 1 and Papua New Guinea in 3.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 20.9% | 26.5% | 5.6% | Papua New Guinea |
| 1980s | 20.3% | 14.5% | 5.8% | Latin America & the Caribbean (IDA & IBRD countries) |
| 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 & the Caribbean (IDA & IBRD countries) or Papua New Guinea?
- Papua New Guinea, at 30.4% against 16.5% in Latin America & the Caribbean (IDA & IBRD countries) as of 2004.
- What is the difference in gross savings between Latin America & the Caribbean (IDA & IBRD countries) and Papua New Guinea?
- 13.9%, with Papua New Guinea ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Papua New Guinea?
- 29 years are reported by both, from 1976 to 2004.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Papua New Guinea rank globally for gross savings?
- Latin America & the Caribbean (IDA & IBRD countries) 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.
Individual pages
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.