Gross domestic savings in Pacific island small states
Pacific island small states: Gross domestic savings was 119.30 million current US$ in 2024. ◆ Volatile
Gross domestic savings in Pacific island small states, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross domestic savings in Pacific island small states stood at 119.30 million current US$.
That represents a change of up 175.7% on the previous year and down 81.0% over ten years.
Over the whole period, gross domestic savings in Pacific island small states peaked at 1.05 billion current US$ in 2017 and was at its lowest, -609.57 million current US$, in 2022.
That places Pacific island small states 40th out of 41 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Pacific island small states, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | -73.38 million current US$ | — |
| 1981 | -227.21 million current US$ | +209.6% |
| 1982 | -213.62 million current US$ | -6.0% |
| 1983 | -253.07 million current US$ | +18.5% |
| 1984 | -201.00 million current US$ | -20.6% |
| 1985 | -179.74 million current US$ | -10.6% |
| 1986 | 4.62 million current US$ | -102.6% |
| 1987 | 93.99 million current US$ | +1933.8% |
| 1988 | -59.73 million current US$ | -163.5% |
| 1989 | -18.45 million current US$ | -69.1% |
| 1990 | -80.67 million current US$ | +337.3% |
| 1991 | -66.85 million current US$ | -17.1% |
| 1992 | -8.12 million current US$ | -87.9% |
| 1993 | -89.97 million current US$ | +1008.2% |
| 1994 | -2.57 million current US$ | -97.1% |
| 1995 | 30.26 million current US$ | -1279.7% |
| 1996 | 265.73 million current US$ | +778.1% |
| 1997 | 344.30 million current US$ | +29.6% |
| 1998 | 601.61 million current US$ | +74.7% |
| 1999 | 514.05 million current US$ | -14.6% |
| 2000 | 253.82 million current US$ | -50.6% |
| 2001 | 124.14 million current US$ | -51.1% |
| 2002 | 482.39 million current US$ | +288.6% |
| 2003 | 552.56 million current US$ | +14.5% |
| 2004 | 274.23 million current US$ | -50.4% |
| 2005 | 189.75 million current US$ | -30.8% |
| 2006 | -132.34 million current US$ | -169.7% |
| 2007 | -34.23 million current US$ | -74.1% |
| 2008 | 116.17 million current US$ | -439.4% |
| 2009 | 253.04 million current US$ | +117.8% |
| 2010 | 394.12 million current US$ | +55.8% |
| 2011 | 728.33 million current US$ | +84.8% |
| 2012 | 716.99 million current US$ | -1.6% |
| 2013 | 656.78 million current US$ | -8.4% |
| 2014 | 628.93 million current US$ | -4.2% |
| 2015 | 813.99 million current US$ | +29.4% |
| 2016 | 928.79 million current US$ | +14.1% |
| 2017 | 1.05 billion current US$ | +12.7% |
| 2018 | 868.55 million current US$ | -17.0% |
| 2019 | 421.44 million current US$ | -51.5% |
| 2020 | -222.63 million current US$ | -152.8% |
| 2021 | -427.17 million current US$ | +91.9% |
| 2022 | -609.57 million current US$ | +42.7% |
| 2023 | -157.64 million current US$ | -74.1% |
| 2024 | 119.30 million current US$ | -175.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -112.76 million current US$ | -253.07 million current US$ | 93.99 million current US$ | 10 |
| 1990s | 150.78 million current US$ | -89.97 million current US$ | 601.61 million current US$ | 10 |
| 2000s | 207.95 million current US$ | -132.34 million current US$ | 552.56 million current US$ | 10 |
| 2010s | 720.46 million current US$ | 394.12 million current US$ | 1.05 billion current US$ | 10 |
| 2020s | -259.54 million current US$ | -609.57 million current US$ | 119.30 million current US$ | 5 |
Countries ranked near Pacific island small states
- 37 Algeria 114.69 billion current US$ compare
- 38 Kazakhstan 107.66 billion current US$ compare
- 39 Argentina 103.08 billion current US$ compare
- 40 Chile 100.78 billion current US$ compare
- 41 Bangladesh 100.29 billion current US$ compare
- 42 Peru 95.31 billion current US$ compare
- 43 Hong Kong 90.67 billion current US$ compare
More economy & growth data for Pacific island small states
- Gross value added at basic prices (GVA) 10.84 billion current US$ (2024)
- Industry (including construction), value added 15.2% (2024)
- Services, value added 7.00 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Services, value added 3.3% (2024)
- Services, value added 56.8% (2024)
- Inflation, GDP deflator 3.0% (2025)
- GDP 11.21 billion constant 2015 US$ (2025)
- GDP per capita 4,720 current US$ (2025)
- GDP growth 3.3% (2025)
Frequently asked questions
- What is gross domestic savings in Pacific island small states?
- Gross domestic savings in Pacific island small states was 119.30 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Pacific island small states?
- The highest recorded value was 1.05 billion current US$ in 2017.
- What is the lowest gross domestic savings recorded in Pacific island small states?
- The lowest recorded value was -609.57 million current US$ in 2022.
- How does Pacific island small states rank for gross domestic savings?
- Pacific island small states ranks 40th out of 41 groups with data for 2024.
- Is gross domestic savings rising or falling in Pacific island small states?
- Over the last ten years it is down 81.0%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states 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 US$). 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 indicator is expressed in United States dollars.