Adjusted savings: net national savings in Papua New Guinea
Papua New Guinea: Adjusted savings: net national savings was 26.8% in 2004. ◆ Volatile
Adjusted savings: net national savings in Papua New Guinea, 1976–2004
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Papua New Guinea recorded 26.8% for adjusted savings: net national savings in 2004.
Compared with earlier readings it is down 2.3% on the previous year and up 29.4% over ten years.
Over the whole period, adjusted savings: net national savings in Papua New Guinea peaked at 28.7% in 2000 and was at its lowest, 2.5%, in 1989.
That places Papua New Guinea 15th out of 177 countries with data for 2004, putting it in the top 10%.
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 | % of GNI | Change |
|---|---|---|
| 1976 | 13.2% | — |
| 1977 | 22.8% | +73.0% |
| 1978 | 19.1% | -16.2% |
| 1979 | 21.2% | +11.0% |
| 1980 | 11.5% | -45.7% |
| 1981 | 2.9% | -74.9% |
| 1982 | 4.2% | +46.2% |
| 1983 | 7.3% | +72.0% |
| 1984 | 10.6% | +45.9% |
| 1985 | 4.2% | -60.6% |
| 1986 | 7.2% | +72.9% |
| 1987 | 5.5% | -23.7% |
| 1988 | 10.4% | +89.5% |
| 1989 | 2.5% | -76.3% |
| 1990 | 8.4% | +241.9% |
| 1991 | 12.2% | +44.0% |
| 1992 | 13.1% | +7.5% |
| 1993 | 18.3% | +39.9% |
| 1994 | 20.7% | +13.1% |
| 1995 | 27.6% | +33.4% |
| 1996 | 19.7% | -28.6% |
| 1997 | 8.0% | -59.2% |
| 1998 | 12.5% | +55.0% |
| 1999 | 14.4% | +15.2% |
| 2000 | 28.7% | +99.7% |
| 2001 | 24.2% | -15.7% |
| 2002 | 18.0% | -25.5% |
| 2003 | 27.4% | +52.3% |
| 2004 | 26.8% | -2.3% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 26.8% is above the median for lower middle income countries, which is 11.6%, 2.3× the median. (46 countries reporting)
- Papua New Guinea's 26.8% is above the median for East Asia & Pacific, which is 10.3%, 2.6× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.1% | 13.2% | 22.8% | 4 |
| 1980s | 6.6% | 2.5% | 11.5% | 10 |
| 1990s | 15.5% | 8.0% | 27.6% | 10 |
| 2000s | 25.0% | 18.0% | 28.7% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (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 26.8% 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 28.7% in 2000.
- What is the lowest adjusted savings: net national savings recorded in Papua New Guinea?
- The lowest recorded value was 2.5% in 1989.
- How does Papua New Guinea rank for adjusted savings: net national savings?
- Papua New Guinea ranks 15th out of 177 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 up 29.4%. 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 (% 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.