Adjusted savings: net national savings in Papua New Guinea
Papua New Guinea: Adjusted savings: net national savings was 952.83 million current US$ in 2004. ◆ Volatile
Adjusted savings: net national savings in Papua New Guinea, 1976–2004
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2004, adjusted savings: net national savings in Papua New Guinea stood at 952.83 million current US$.
That represents a change of up 11.1% on the previous year and down 9.6% over ten years.
Over the whole period, adjusted savings: net national savings in Papua New Guinea peaked at 1.21 billion current US$ in 1995 and was at its lowest, 69.62 million current US$, in 1981.
That places Papua New Guinea 117th out of 176 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 192.59 million current US$ | — |
| 1977 | 366.56 million current US$ | +90.3% |
| 1978 | 367.02 million current US$ | +0.1% |
| 1979 | 475.07 million current US$ | +29.4% |
| 1980 | 286.17 million current US$ | -39.8% |
| 1981 | 69.62 million current US$ | -75.7% |
| 1982 | 94.97 million current US$ | +36.4% |
| 1983 | 175.78 million current US$ | +85.1% |
| 1984 | 261.90 million current US$ | +49.0% |
| 1985 | 97.53 million current US$ | -62.8% |
| 1986 | 185.96 million current US$ | +90.7% |
| 1987 | 165.35 million current US$ | -11.1% |
| 1988 | 367.11 million current US$ | +122.0% |
| 1989 | 84.30 million current US$ | -77.0% |
| 1990 | 261.54 million current US$ | +210.3% |
| 1991 | 445.69 million current US$ | +70.4% |
| 1992 | 520.25 million current US$ | +16.7% |
| 1993 | 830.78 million current US$ | +59.7% |
| 1994 | 1.05 billion current US$ | +26.9% |
| 1995 | 1.21 billion current US$ | +14.4% |
| 1996 | 924.89 million current US$ | -23.3% |
| 1997 | 370.81 million current US$ | -59.9% |
| 1998 | 438.98 million current US$ | +18.4% |
| 1999 | 458.08 million current US$ | +4.4% |
| 2000 | 946.57 million current US$ | +106.6% |
| 2001 | 684.35 million current US$ | -27.7% |
| 2002 | 499.33 million current US$ | -27.0% |
| 2003 | 857.94 million current US$ | +71.8% |
| 2004 | 952.83 million current US$ | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 350.31 million current US$ | 192.59 million current US$ | 475.07 million current US$ | 4 |
| 1980s | 178.87 million current US$ | 69.62 million current US$ | 367.11 million current US$ | 10 |
| 1990s | 651.16 million current US$ | 261.54 million current US$ | 1.21 billion current US$ | 10 |
| 2000s | 788.20 million current US$ | 499.33 million current US$ | 952.83 million current US$ | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 3.66 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.2738 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 797.48 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 3.66 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.8065 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,349 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate -0.1907 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4196 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: net national savings in Papua New Guinea?
- Adjusted savings: net national savings in Papua New Guinea was 952.83 million current US$ in 2004, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Papua New Guinea?
- The highest recorded value was 1.21 billion current US$ in 1995.
- What is the lowest adjusted savings: net national savings recorded in Papua New Guinea?
- The lowest recorded value was 69.62 million current US$ in 1981.
- How does Papua New Guinea rank for adjusted savings: net national savings?
- Papua New Guinea ranks 117th out of 176 countries with data for 2004.
- Is adjusted savings: net national savings rising or falling in Papua New Guinea?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.