Gross savings (current LCU), per unit of GDP in Papua New Guinea
Papua New Guinea: Gross savings (current LCU), per unit of GDP was 0.9801 current LCU per US$ of GDP in 2004. ◆ Volatile
Gross savings (current LCU), per unit of GDP in Papua New Guinea, 1976–2004
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Papua New Guinea recorded 0.9801 current LCU per US$ of GDP for gross savings (current lcu), per unit of gdp in 2004.
Compared with earlier readings it is down 9.5% on the previous year and up 247.5% over ten years.
Over the whole period, gross savings (current lcu), per unit of gdp in Papua New Guinea peaked at 1.08 current LCU per US$ of GDP in 2003 and was at its lowest, 0.077 current LCU per US$ of GDP, in 1981.
That places Papua New Guinea 107th out of 178 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), per unit of GDP in Papua New Guinea, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1976 | 0.1634 current LCU per US$ of GDP | — |
| 1977 | 0.2374 current LCU per US$ of GDP | +45.3% |
| 1978 | 0.1903 current LCU per US$ of GDP | -19.9% |
| 1979 | 0.2023 current LCU per US$ of GDP | +6.3% |
| 1980 | 0.1291 current LCU per US$ of GDP | -36.2% |
| 1981 | 0.077 current LCU per US$ of GDP | -40.3% |
| 1982 | 0.0871 current LCU per US$ of GDP | +13.0% |
| 1983 | 0.1195 current LCU per US$ of GDP | +37.3% |
| 1984 | 0.1607 current LCU per US$ of GDP | +34.5% |
| 1985 | 0.1235 current LCU per US$ of GDP | -23.2% |
| 1986 | 0.1498 current LCU per US$ of GDP | +21.4% |
| 1987 | 0.123 current LCU per US$ of GDP | -17.9% |
| 1988 | 0.1589 current LCU per US$ of GDP | +29.2% |
| 1989 | 0.0944 current LCU per US$ of GDP | -40.6% |
| 1990 | 0.1636 current LCU per US$ of GDP | +73.3% |
| 1991 | 0.2011 current LCU per US$ of GDP | +22.9% |
| 1992 | 0.2001 current LCU per US$ of GDP | -0.5% |
| 1993 | 0.2493 current LCU per US$ of GDP | +24.6% |
| 1994 | 0.2821 current LCU per US$ of GDP | +13.2% |
| 1995 | 0.4697 current LCU per US$ of GDP | +66.5% |
| 1996 | 0.3454 current LCU per US$ of GDP | -26.4% |
| 1997 | 0.2127 current LCU per US$ of GDP | -38.4% |
| 1998 | 0.3791 current LCU per US$ of GDP | +78.2% |
| 1999 | 0.4793 current LCU per US$ of GDP | +26.4% |
| 2000 | 0.898 current LCU per US$ of GDP | +87.3% |
| 2001 | 0.9566 current LCU per US$ of GDP | +6.5% |
| 2002 | 0.8914 current LCU per US$ of GDP | -6.8% |
| 2003 | 1.08 current LCU per US$ of GDP | +21.4% |
| 2004 | 0.9801 current LCU per US$ of GDP | -9.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.9801 current LCU per US$ of GDP is below the median for lower middle income countries, which is 10.43 current LCU per US$ of GDP, 9% of the median. (45 countries reporting)
- Papua New Guinea's 0.9801 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 2.28 current LCU per US$ of GDP, 43% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1984 current LCU per US$ of GDP | 0.1634 current LCU per US$ of GDP | 0.2374 current LCU per US$ of GDP | 4 |
| 1980s | 0.1223 current LCU per US$ of GDP | 0.077 current LCU per US$ of GDP | 0.1607 current LCU per US$ of GDP | 10 |
| 1990s | 0.2982 current LCU per US$ of GDP | 0.1636 current LCU per US$ of GDP | 0.4793 current LCU per US$ of GDP | 10 |
| 2000s | 0.9617 current LCU per US$ of GDP | 0.8914 current LCU per US$ of GDP | 1.08 current LCU per US$ of GDP | 5 |
Countries ranked near Papua New Guinea
- 104 Mozambique 1.09 current LCU per US$ of GDP
- 105 Saudi Arabia 1.08 current LCU per US$ of GDP compare
- 106 Malaysia 1.07 current LCU per US$ of GDP compare
- 108 Bolivia 0.9536 current LCU per US$ of GDP compare
- 109 Israel 0.888 current LCU per US$ of GDP compare
- 110 Peru 0.8578 current LCU per US$ of GDP 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)
- 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is gross savings (current lcu), per unit of gdp in Papua New Guinea?
- Gross savings (current lcu), per unit of gdp in Papua New Guinea was 0.9801 current LCU per US$ of GDP in 2004, according to Statizoid (derived).
- What is the highest gross savings (current lcu), per unit of gdp recorded in Papua New Guinea?
- The highest recorded value was 1.08 current LCU per US$ of GDP in 2003.
- What is the lowest gross savings (current lcu), per unit of gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.077 current LCU per US$ of GDP in 1981.
- How does Papua New Guinea rank for gross savings (current lcu), per unit of gdp?
- Papua New Guinea ranks 107th out of 178 countries with data for 2004.
- Is gross savings (current lcu), per unit of gdp rising or falling in Papua New Guinea?
- Over the last ten years it is up 247.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross savings (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross savings (current LCU) ÷ GDP (current US$)
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross savings (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.