Gross domestic savings (current LCU) in Papua New Guinea
Papua New Guinea: Gross domestic savings (current LCU) was 4.21 billion current LCU in 2004. ◆ Volatile
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 188 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 (current LCU) 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.21 billion current LCU is below the median for lower middle income countries, which is 139.46 billion current LCU, 3% of the median. (45 countries reporting)
- Papua New Guinea's 4.21 billion current LCU is below the median for East Asia & Pacific, which is 241.14 billion current LCU, 2% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current LCU) in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1969 | +818.2% | 1.10 million current LCU | 10.10 million current LCU |
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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units per US$ of GDP (2025)
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 188 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.