Gross savings in Papua New Guinea
Papua New Guinea: Gross savings was 3.85 billion current LCU in 2004. ◆ Volatile
Gross savings in Papua New Guinea, 1976–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Papua New Guinea recorded 3.85 billion current LCU for gross savings in 2004. That is the highest value across all 29 years on record.
That represents a change of up 0.6% on the previous year and up 148.0% over ten years.
Over the whole period, gross savings in Papua New Guinea peaked at 3.85 billion current LCU in 2004 and was at its lowest, 192.47 million current LCU, in 1981.
That places Papua New Guinea 152nd out of 178 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1976 | 247.06 million current LCU | — |
| 1977 | 389.55 million current LCU | +57.7% |
| 1978 | 370.62 million current LCU | -4.9% |
| 1979 | 464.08 million current LCU | +25.2% |
| 1980 | 328.78 million current LCU | -29.2% |
| 1981 | 192.47 million current LCU | -41.5% |
| 1982 | 206.21 million current LCU | +7.1% |
| 1983 | 306.24 million current LCU | +48.5% |
| 1984 | 410.19 million current LCU | +33.9% |
| 1985 | 299.23 million current LCU | -27.1% |
| 1986 | 396.79 million current LCU | +32.6% |
| 1987 | 386.74 million current LCU | -2.5% |
| 1988 | 580.98 million current LCU | +50.2% |
| 1989 | 334.83 million current LCU | -42.4% |
| 1990 | 526.73 million current LCU | +57.3% |
| 1991 | 761.58 million current LCU | +44.6% |
| 1992 | 875.83 million current LCU | +15.0% |
| 1993 | 1.24 billion current LCU | +41.6% |
| 1994 | 1.55 billion current LCU | +25.2% |
| 1995 | 2.18 billion current LCU | +40.3% |
| 1996 | 1.78 billion current LCU | -18.2% |
| 1997 | 1.05 billion current LCU | -41.0% |
| 1998 | 1.44 billion current LCU | +36.8% |
| 1999 | 1.67 billion current LCU | +16.0% |
| 2000 | 3.16 billion current LCU | +89.7% |
| 2001 | 2.95 billion current LCU | -6.8% |
| 2002 | 2.67 billion current LCU | -9.3% |
| 2003 | 3.83 billion current LCU | +43.2% |
| 2004 | 3.85 billion current LCU | +0.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 3.85 billion current LCU is below the median for lower middle income countries, which is 205.45 billion current LCU, 2% of the median. (45 countries reporting)
- Papua New Guinea's 3.85 billion current LCU is below the median for East Asia & Pacific, which is 190.11 billion current LCU, 2% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 367.83 million current LCU | 247.06 million current LCU | 464.08 million current LCU | 4 |
| 1980s | 344.25 million current LCU | 192.47 million current LCU | 580.98 million current LCU | 10 |
| 1990s | 1.31 billion current LCU | 526.73 million current LCU | 2.18 billion current LCU | 10 |
| 2000s | 3.29 billion current LCU | 2.67 billion current LCU | 3.85 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 149 Bahrain 5.93 billion current LCU compare
- 150 Cyprus 4.69 billion current LCU compare
- 151 Faroe Islands 3.87 billion current LCU compare
- 153 Bermuda 3.74 billion current LCU
- 154 Bahamas 3.04 billion current LCU compare
- 155 Kosovo 2.78 billion current LCU
- 155 Kosovo (UNSCR 1244) 2.78 billion current LCU
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 in Papua New Guinea?
- Gross savings in Papua New Guinea was 3.85 billion current LCU in 2004, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Papua New Guinea?
- The highest recorded value was 3.85 billion current LCU in 2004.
- What is the lowest gross savings recorded in Papua New Guinea?
- The lowest recorded value was 192.47 million current LCU in 1981.
- How does Papua New Guinea rank for gross savings?
- Papua New Guinea ranks 152nd out of 178 countries with data for 2004.
- Is gross savings rising or falling in Papua New Guinea?
- Over the last ten years it is up 148.0%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.