Gross domestic savings (% of GDP) in Pacific island small states
Pacific island small states: Gross domestic savings (% of GDP) was 1.0% 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 % of GDP.
Analysis
In 2024, gross domestic savings in Pacific island small states stood at 1.0%.
Compared with earlier readings it is up 169.3% on the previous year and down 85.5% over ten years.
Over the whole period, gross domestic savings in Pacific island small states peaked at 17.5% in 1998 and was at its lowest, -13.7%, in 1983.
Pacific island small states ranks 42nd of 43 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (% of GDP) in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -3.9% | — |
| 1981 | -11.6% | +199.4% |
| 1982 | -11.1% | -4.5% |
| 1983 | -13.7% | +23.7% |
| 1984 | -10.4% | -24.5% |
| 1985 | -9.7% | -6.9% |
| 1986 | 0.2% | -102.4% |
| 1987 | 4.7% | +1978.7% |
| 1988 | -2.9% | -161.7% |
| 1989 | -0.9% | -70.4% |
| 1990 | -3.4% | +291.0% |
| 1991 | -2.6% | -21.9% |
| 1992 | -0.3% | -88.9% |
| 1993 | -3.1% | +955.3% |
| 1994 | -0.1% | -97.6% |
| 1995 | 0.8% | -1187.4% |
| 1996 | 6.7% | +719.4% |
| 1997 | 8.7% | +29.3% |
| 1998 | 17.5% | +102.7% |
| 1999 | 13.7% | -21.7% |
| 2000 | 7.4% | -46.4% |
| 2001 | 3.7% | -50.3% |
| 2002 | 13.6% | +270.6% |
| 2003 | 13.0% | -3.9% |
| 2004 | 5.6% | -56.9% |
| 2005 | 3.5% | -37.6% |
| 2006 | -2.3% | -166.4% |
| 2007 | -0.5% | -76.5% |
| 2008 | 1.7% | -416.7% |
| 2009 | 4.2% | +141.8% |
| 2010 | 5.9% | +41.6% |
| 2011 | 9.4% | +58.3% |
| 2012 | 8.7% | -7.2% |
| 2013 | 7.6% | -13.0% |
| 2014 | 6.7% | -11.8% |
| 2015 | 8.8% | +32.2% |
| 2016 | 9.6% | +8.7% |
| 2017 | 10.1% | +4.6% |
| 2018 | 8.0% | -20.9% |
| 2019 | 3.9% | -50.7% |
| 2020 | -2.4% | -160.2% |
| 2021 | -4.5% | +88.9% |
| 2022 | -5.8% | +30.5% |
| 2023 | -1.4% | -76.0% |
| 2024 | 1.0% | -169.3% |
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in Pacific island small states 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 |
|---|---|---|---|
| 1987 | +1978.7% | 0.2% | 4.7% |
| 1995 | +1187.4% | -0.1% | 0.8% |
| 1993 | -955.3% | -0.3% | -3.1% |
| 1996 | +719.4% | 0.8% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -5.9% | -13.7% | 4.7% | 10 |
| 1990s | 3.8% | -3.4% | 17.5% | 10 |
| 2000s | 5.0% | -2.3% | 13.6% | 10 |
| 2010s | 7.9% | 3.9% | 10.1% | 10 |
| 2020s | -2.6% | -5.8% | 1.0% | 5 |
Countries ranked near Pacific island small states
- 39 Czechia 32.6% compare
- 40 India 32.6% compare
- 41 Faroe Islands 31.5% compare
- 42 Turkey 31.4% compare
- 43 Iraq 31.4% compare
- 44 Democratic Republic of Congo 31.3% compare
- 45 Netherlands 31.0% compare
More economy & growth data for Pacific island small states
- GDP 13.01 billion current US$ (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1192 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 539.57 constant 2015 US$ per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0692 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 326.37 current US$ per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0597 constant 2015 US$ per US$ of GDP (2025)
- Inflation, GDP deflator 3.0% (2025)
- Gross value added at basic prices (GVA) 10.84 billion current US$ (2024)
- Gross value added at basic prices (GVA) 9.11 billion constant 2015 US$ (2024)
- GDP per capita growth 2.1% (2025)
Frequently asked questions
- What is gross domestic savings in Pacific island small states?
- Gross domestic savings in Pacific island small states was 1.0% 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 17.5% in 1998.
- What is the lowest gross domestic savings recorded in Pacific island small states?
- The lowest recorded value was -13.7% in 1983.
- How does Pacific island small states rank for gross domestic savings?
- Pacific island small states ranks 42nd out of 43 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 85.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.