OECD members vs Papua New Guinea: Gross savings
Gross savings over time
- OECD members
- Papua New Guinea
How they compare
Papua New Guinea currently reports 33.6% against 21.6% in OECD members, a difference of 12.0%.
That makes Papua New Guinea's figure about 1.6 times OECD members's.
The two have swapped places 5 times across 26 shared years of data; in 1976 it was OECD members ahead.
OECD members ranks 31st and Papua New Guinea ranks 30th of 46 groups.
Across the 4 decades both report, OECD members averaged higher in 2 and Papua New Guinea in 2.
Head to head by decade
| Decade | OECD members | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.2% | 27.1% | 3.9% | Papua New Guinea |
| 1980s | 21.8% | 15.1% | 6.7% | OECD members |
| 1990s | 22.6% | 21.1% | 1.6% | OECD members |
| 2000s | 22.3% | 31.7% | 9.3% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, OECD members or Papua New Guinea?
- Papua New Guinea, at 33.6% against 21.6% in OECD members as of 2004.
- What is the difference in gross savings between OECD members and Papua New Guinea?
- 12.0%, with Papua New Guinea ahead.
- How many years of comparable data are there for OECD members and Papua New Guinea?
- 26 years are reported by both, from 1976 to 2004.
- How do OECD members and Papua New Guinea rank globally for gross savings?
- OECD members ranks 31st and Papua New Guinea ranks 30th of 46 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.