Gross domestic savings in Papua New Guinea
Papua New Guinea: Gross domestic savings was 4.21 billion current LCU in 2004. ◆ Volatile
Latest (2004)
4.21 billion current LCU
Change on year
down 5.2%
World rank
145th
of 187 countries
All-time high
4.44 billion current LCU
in 2003
All-time low
-3.20 million current LCU
in 1966
Years of data
44
1961–2004
Gross domestic savings in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Papua New Guinea recorded 4.21 billion current LCU for gross domestic savings in 2004.
That represents a change of down 5.2% on the previous year and up 116.5% over ten years.
Over the whole period, gross domestic savings in Papua New Guinea peaked at 4.44 billion current LCU in 2003 and was at its lowest, -3.20 million current LCU, in 1966.
That places Papua New Guinea 145th out of 187 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 2.90 million current LCU | — |
| 1962 | 3.90 million current LCU | +34.5% |
| 1963 | 5.90 million current LCU | +51.3% |
| 1964 | 7.90 million current LCU | +33.9% |
| 1965 | 5.30 million current LCU | -32.9% |
| 1966 | -3.20 million current LCU | -160.4% |
| 1967 | -1.80 million current LCU | -43.8% |
| 1968 | 1.10 million current LCU | -161.1% |
| 1969 | 10.10 million current LCU | +818.2% |
| 1970 | 36.20 million current LCU | +258.4% |
| 1971 | 41.30 million current LCU | +14.1% |
| 1972 | 81.80 million current LCU | +98.1% |
| 1973 | 228.60 million current LCU | +179.5% |
| 1974 | 239.70 million current LCU | +4.9% |
| 1975 | 132.40 million current LCU | -44.8% |
| 1976 | 210.80 million current LCU | +59.2% |
| 1977 | 267.70 million current LCU | +27.0% |
| 1978 | 255.80 million current LCU | -4.4% |
| 1979 | 370.60 million current LCU | +44.9% |
| 1980 | 245.60 million current LCU | -33.7% |
| 1981 | 122.60 million current LCU | -50.1% |
| 1982 | 163.10 million current LCU | +33.0% |
| 1983 | 261.00 million current LCU | +60.0% |
| 1984 | 304.90 million current LCU | +16.8% |
| 1985 | 230.40 million current LCU | -24.4% |
| 1986 | 307.70 million current LCU | +33.6% |
| 1987 | 399.60 million current LCU | +29.9% |
| 1988 | 587.60 million current LCU | +47.0% |
| 1989 | 338.90 million current LCU | -42.3% |
| 1990 | 496.00 million current LCU | +46.4% |
| 1991 | 631.50 million current LCU | +27.3% |
| 1992 | 1.07 billion current LCU | +70.2% |
| 1993 | 1.62 billion current LCU | +50.9% |
| 1994 | 1.94 billion current LCU | +19.8% |
| 1995 | 2.43 billion current LCU | +25.2% |
| 1996 | 2.29 billion current LCU | -5.7% |
| 1997 | 1.43 billion current LCU | -37.7% |
| 1998 | 1.80 billion current LCU | +26.4% |
| 1999 | 2.35 billion current LCU | +30.1% |
| 2000 | 3.78 billion current LCU | +61.0% |
| 2001 | 3.75 billion current LCU | -0.9% |
| 2002 | 2.81 billion current LCU | -25.0% |
| 2003 | 4.44 billion current LCU | +57.9% |
| 2004 | 4.21 billion current LCU | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.57 million current LCU | -3.20 million current LCU | 10.10 million current LCU | 9 |
| 1970s | 186.49 million current LCU | 36.20 million current LCU | 370.60 million current LCU | 10 |
| 1980s | 296.14 million current LCU | 122.60 million current LCU | 587.60 million current LCU | 10 |
| 1990s | 1.61 billion current LCU | 496.00 million current LCU | 2.43 billion current LCU | 10 |
| 2000s | 3.80 billion current LCU | 2.81 billion current LCU | 4.44 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 142 Bosnia and Herzegovina 5.84 billion current LCU compare
- 143 South Sudan 5.84 billion current LCU
- 144 Vanuatu 5.26 billion current LCU compare
- 146 Bermuda 4.14 billion current LCU
- 147 Bahamas 3.61 billion current LCU compare
- 148 Aruba 2.46 billion current LCU compare
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 gross domestic savings in Papua New Guinea?
- Gross domestic savings in Papua New Guinea was 4.21 billion current LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Papua New Guinea?
- The highest recorded value was 4.44 billion current LCU in 2003.
- What is the lowest gross domestic savings recorded in Papua New Guinea?
- The lowest recorded value was -3.20 million current LCU in 1966.
- How does Papua New Guinea rank for gross domestic savings?
- Papua New Guinea ranks 145th out of 187 countries with data for 2004.
- Is gross domestic savings rising or falling in Papua New Guinea?
- Over the last ten years it is up 116.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.