Gross domestic savings in Papua New Guinea
Papua New Guinea: Gross domestic savings was 33.2% 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 % of GDP.
Analysis
The most recent figure for gross domestic savings in Papua New Guinea is 33.2%, measured in 2004.
That represents a change of down 5.8% on the previous year and down 5.4% over ten years.
Over the whole period, gross domestic savings in Papua New Guinea peaked at 39.3% in 1995 and was at its lowest, -0.9%, in 1966.
Papua New Guinea ranks 31st of 188 countries on this measure, in the top quarter.
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 | % of GDP | Change |
|---|---|---|
| 1961 | 1.3% | — |
| 1962 | 1.7% | +26.1% |
| 1963 | 2.4% | +43.2% |
| 1964 | 2.9% | +21.0% |
| 1965 | 1.7% | -40.5% |
| 1966 | -0.9% | -153.1% |
| 1967 | -0.5% | -50.2% |
| 1968 | 0.3% | -155.6% |
| 1969 | 2.1% | +708.1% |
| 1970 | 6.3% | +206.1% |
| 1971 | 6.5% | +3.8% |
| 1972 | 11.4% | +75.0% |
| 1973 | 25.0% | +119.1% |
| 1974 | 23.4% | -6.2% |
| 1975 | 12.8% | -45.5% |
| 1976 | 17.6% | +37.7% |
| 1977 | 20.6% | +17.2% |
| 1978 | 18.5% | -10.1% |
| 1979 | 22.7% | +22.5% |
| 1980 | 14.4% | -36.7% |
| 1981 | 7.3% | -49.3% |
| 1982 | 9.3% | +27.9% |
| 1983 | 12.2% | +30.6% |
| 1984 | 13.3% | +9.1% |
| 1985 | 9.5% | -28.5% |
| 1986 | 12.0% | +25.9% |
| 1987 | 14.0% | +17.0% |
| 1988 | 18.5% | +32.4% |
| 1989 | 11.1% | -40.0% |
| 1990 | 16.1% | +44.9% |
| 1991 | 17.5% | +8.6% |
| 1992 | 25.5% | +45.3% |
| 1993 | 33.3% | +31.0% |
| 1994 | 35.1% | +5.4% |
| 1995 | 39.3% | +11.8% |
| 1996 | 33.8% | -14.1% |
| 1997 | 20.2% | -40.3% |
| 1998 | 23.1% | +14.7% |
| 1999 | 26.6% | +15.0% |
| 2000 | 38.8% | +46.0% |
| 2001 | 36.0% | -7.2% |
| 2002 | 24.1% | -33.1% |
| 2003 | 35.3% | +46.5% |
| 2004 | 33.2% | -5.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 33.2% is above the median for lower middle income countries, which is 12.2%, 2.7× the median. (45 countries reporting)
- Papua New Guinea's 33.2% is above the median for East Asia & Pacific, which is 22.0%, 1.5× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings 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 | +708.1% | 0.3% | 2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.2% | -0.9% | 2.9% | 9 |
| 1970s | 16.5% | 6.3% | 25.0% | 10 |
| 1980s | 12.2% | 7.3% | 18.5% | 10 |
| 1990s | 27.0% | 16.1% | 39.3% | 10 |
| 2000s | 33.5% | 24.1% | 38.8% | 5 |
Countries ranked near Papua New Guinea
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is gross domestic savings in Papua New Guinea?
- Gross domestic savings in Papua New Guinea was 33.2% 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 39.3% in 1995.
- What is the lowest gross domestic savings recorded in Papua New Guinea?
- The lowest recorded value was -0.9% in 1966.
- How does Papua New Guinea rank for gross domestic savings?
- Papua New Guinea ranks 31st 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 5.4%. 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 (% 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.