Gross domestic savings (current US$) in Papua New Guinea
Papua New Guinea: Gross domestic savings (current US$) was 1.31 billion current US$ 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 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$, in 1966.
Papua New Guinea ranks 134th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current US$) 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% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.31 billion current US$ is below the median for lower middle income countries, which is 3.13 billion current US$, 42% of the median. (45 countries reporting)
- Papua New Guinea's 1.31 billion current US$ is below the median for East Asia & Pacific, which is 8.60 billion current US$, 15% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current US$) 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% | 1.23 million current US$ | 11.31 million current US$ |
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
- Real gdp growth, annual growth rate 2.02 % change on previous year (2024)
- 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)
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 188 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.