Adjusted savings: net national savings in Pacific island small states
Pacific island small states: Adjusted savings: net national savings was 13.5% in 2020. ◆ Volatile
Adjusted savings: net national savings in Pacific island small states, 1980–2020
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Pacific island small states recorded 13.5% for adjusted savings: net national savings in 2020.
Compared with earlier readings it is up 2.8% on the previous year and up 95.5% over ten years.
Over the whole period, adjusted savings: net national savings in Pacific island small states peaked at 24.2% in 2004 and was at its lowest, -9.0%, in 1983.
Pacific island small states ranks 24th of 46 groups on this measure, 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 Pacific island small states, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | -0.7% | — |
| 1981 | -5.5% | +715.8% |
| 1982 | -8.1% | +47.5% |
| 1983 | -9.0% | +10.3% |
| 1984 | -5.9% | -33.8% |
| 1985 | -5.9% | -0.4% |
| 1986 | 7.2% | -220.9% |
| 1987 | 5.1% | -28.7% |
| 1988 | -2.9% | -156.0% |
| 1989 | -5.2% | +81.8% |
| 1990 | -4.3% | -17.1% |
| 1991 | -5.0% | +15.0% |
| 1992 | 0.8% | -116.9% |
| 1993 | 0.8% | -3.3% |
| 1994 | 2.8% | +240.9% |
| 1995 | 4.3% | +56.2% |
| 1996 | 8.2% | +89.4% |
| 1997 | 8.0% | -1.7% |
| 1999 | 15.2% | +89.8% |
| 2000 | 12.9% | -15.4% |
| 2001 | 10.9% | -15.0% |
| 2002 | 19.3% | +76.0% |
| 2003 | 22.6% | +17.2% |
| 2004 | 24.2% | +7.3% |
| 2005 | 4.2% | -82.7% |
| 2006 | 1.2% | -71.0% |
| 2007 | 5.9% | +386.1% |
| 2008 | 4.2% | -28.8% |
| 2009 | 6.4% | +52.5% |
| 2010 | 6.9% | +7.8% |
| 2011 | 7.2% | +3.5% |
| 2012 | 7.0% | -2.2% |
| 2013 | 8.8% | +25.4% |
| 2014 | 12.0% | +37.1% |
| 2015 | 13.1% | +8.8% |
| 2016 | 11.6% | -11.6% |
| 2017 | 11.6% | +0.4% |
| 2018 | 13.1% | +12.8% |
| 2019 | 13.2% | +0.4% |
| 2020 | 13.5% | +2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.1% | -9.0% | 7.2% | 10 |
| 1990s | 3.4% | -5.0% | 15.2% | 9 |
| 2000s | 11.2% | 1.2% | 24.2% | 10 |
| 2010s | 10.4% | 6.9% | 13.2% | 10 |
| 2020s | 13.5% | 13.5% | 13.5% | 1 |
Countries ranked near Pacific island small states
- 21 Nigeria 23.7% compare
- 22 Macau, China 22.8% compare
- 23 Iran, Islamic Republic of 22.7% compare
- 24 Gabon 22.5% compare
- 25 Dominican Republic 22.2% compare
- 26 Bahrain 22.0% compare
- 27 Norway 21.5% compare
More economy & growth data for Pacific island small states
- Gross fixed capital formation (current US$), annual growth rate 11.4 % change on previous year (2024)
- Final consumption expenditure (current US$), per capita 4,485 current US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 7.37 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.22 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 5,536 current US$ per person (2024)
- Exports of goods and services (current US$), annual growth rate 7.69 % change on previous year (2024)
- Exports of goods and services (current US$), per unit of GDP 0.4148 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 1,878 current US$ per person (2024)
- Gross capital formation (current US$), per capita 1,051 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2321 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: net national savings in Pacific island small states?
- Adjusted savings: net national savings in Pacific island small states was 13.5% in 2020, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Pacific island small states?
- The highest recorded value was 24.2% in 2004.
- What is the lowest adjusted savings: net national savings recorded in Pacific island small states?
- The lowest recorded value was -9.0% in 1983.
- How does Pacific island small states rank for adjusted savings: net national savings?
- Pacific island small states ranks 24th out of 46 groups with data for 2020.
- Is adjusted savings: net national savings rising or falling in Pacific island small states?
- Over the last ten years it is up 95.5%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). 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 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.