Gross domestic savings in Papua New Guinea
Papua New Guinea: Gross domestic savings was 1.31 billion current US$ in 2004. ◆ Volatile
Latest (2004)
1.31 billion current US$
Change on year
up 4.6%
World rank
134th
of 187 countries
All-time high
1.93 billion current US$
in 1994
All-time low
-3.58 million current US$
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 US$.
Analysis
In 2004, gross domestic savings in Papua New Guinea stood at 1.31 billion current US$.
The figure is up 4.6% on the previous year and down 32.5% over ten years.
Over the whole period, gross domestic savings in Papua New Guinea peaked at 1.93 billion current US$ in 1994 and was at its lowest, -3.58 million current US$, in 1966.
Papua New Guinea ranks 134th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1961 | 3.25 million current US$ | — |
| 1962 | 4.37 million current US$ | +34.5% |
| 1963 | 6.61 million current US$ | +51.3% |
| 1964 | 8.85 million current US$ | +33.9% |
| 1965 | 5.94 million current US$ | -32.9% |
| 1966 | -3.58 million current US$ | -160.4% |
| 1967 | -2.02 million current US$ | -43.8% |
| 1968 | 1.23 million current US$ | -161.1% |
| 1969 | 11.31 million current US$ | +818.2% |
| 1970 | 40.54 million current US$ | +258.4% |
| 1971 | 46.79 million current US$ | +15.4% |
| 1972 | 97.96 million current US$ | +109.4% |
| 1973 | 324.66 million current US$ | +231.4% |
| 1974 | 344.07 million current US$ | +6.0% |
| 1975 | 173.32 million current US$ | -49.6% |
| 1976 | 265.89 million current US$ | +53.4% |
| 1977 | 338.26 million current US$ | +27.2% |
| 1978 | 360.83 million current US$ | +6.7% |
| 1979 | 520.68 million current US$ | +44.3% |
| 1980 | 366.05 million current US$ | -29.7% |
| 1981 | 182.18 million current US$ | -50.2% |
| 1982 | 220.87 million current US$ | +21.2% |
| 1983 | 312.15 million current US$ | +41.3% |
| 1984 | 339.32 million current US$ | +8.7% |
| 1985 | 230.33 million current US$ | -32.1% |
| 1986 | 316.75 million current US$ | +37.5% |
| 1987 | 440.14 million current US$ | +39.0% |
| 1988 | 677.70 million current US$ | +54.0% |
| 1989 | 394.62 million current US$ | -41.8% |
| 1990 | 519.14 million current US$ | +31.6% |
| 1991 | 663.34 million current US$ | +27.8% |
| 1992 | 1.11 billion current US$ | +68.0% |
| 1993 | 1.66 billion current US$ | +48.8% |
| 1994 | 1.93 billion current US$ | +16.6% |
| 1995 | 1.82 billion current US$ | -5.8% |
| 1996 | 1.74 billion current US$ | -4.4% |
| 1997 | 995.45 million current US$ | -42.8% |
| 1998 | 876.45 million current US$ | -12.0% |
| 1999 | 924.83 million current US$ | +5.5% |
| 2000 | 1.37 billion current US$ | +47.8% |
| 2001 | 1.11 billion current US$ | -18.8% |
| 2002 | 723.02 million current US$ | -34.9% |
| 2003 | 1.25 billion current US$ | +72.7% |
| 2004 | 1.31 billion current US$ | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.99 million current US$ | -3.58 million current US$ | 11.31 million current US$ | 9 |
| 1970s | 251.30 million current US$ | 40.54 million current US$ | 520.68 million current US$ | 10 |
| 1980s | 348.01 million current US$ | 182.18 million current US$ | 677.70 million current US$ | 10 |
| 1990s | 1.22 billion current US$ | 519.14 million current US$ | 1.93 billion current US$ | 10 |
| 2000s | 1.15 billion current US$ | 723.02 million current US$ | 1.37 billion current US$ | 5 |
Countries ranked near Papua New Guinea
- 131 South Sudan 1.62 billion current US$
- 132 Zimbabwe 1.42 billion current US$ compare
- 133 Aruba 1.37 billion current US$ compare
- 135 Faroe Islands 1.28 billion current US$ compare
- 136 Sierra Leone 1.19 billion current US$ compare
- 137 Togo 1.13 billion current US$ 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)
- Services, value added (constant LCU), per capita 3,072 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 0.2146 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,782 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.68 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,718 current LCU per person (2024)
Frequently asked questions
- What is gross domestic savings in Papua New Guinea?
- Gross domestic savings in Papua New Guinea was 1.31 billion current US$ 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 1.93 billion current US$ in 1994.
- What is the lowest gross domestic savings recorded in Papua New Guinea?
- The lowest recorded value was -3.58 million current US$ in 1966.
- How does Papua New Guinea rank for gross domestic savings?
- Papua New Guinea ranks 134th 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 down 32.5%. 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 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.