Gross savings (current US$), annual growth rate in Papua New Guinea
Papua New Guinea: Gross savings (current US$), annual growth rate was 10.91 % change on previous year in 2004. ◆ Volatile
Gross savings (current US$), annual growth rate in Papua New Guinea, 1977–2004
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Papua New Guinea recorded 10.91 % change on previous year for gross savings (current us$), annual growth rate in 2004.
That represents a change of down 80.7% on the previous year and down 50.1% over ten years.
Over the whole period, gross savings (current us$), annual growth rate in Papua New Guinea peaked at 74.24 % change on previous year in 2000 and was at its lowest, -45.81 % change on previous year, in 1997.
That places Papua New Guinea 64th out of 177 countries with data for 2004, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$), annual growth rate in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 57.95 % change on previous year | — |
| 1978 | 6.21 % change on previous year | -89.3% |
| 1979 | 24.72 % change on previous year | +298.2% |
| 1980 | -24.84 % change on previous year | -200.5% |
| 1981 | -41.64 % change on previous year | +67.6% |
| 1982 | -2.36 % change on previous year | -94.3% |
| 1983 | 31.16 % change on previous year | -1419.9% |
| 1984 | 24.64 % change on previous year | -20.9% |
| 1985 | -34.47 % change on previous year | -239.9% |
| 1986 | 36.55 % change on previous year | -206.0% |
| 1987 | 4.28 % change on previous year | -88.3% |
| 1988 | 57.3 % change on previous year | +1237.5% |
| 1989 | -41.81 % change on previous year | -173.0% |
| 1990 | 41.4 % change on previous year | -199.0% |
| 1991 | 45.11 % change on previous year | +8.9% |
| 1992 | 13.5 % change on previous year | -70.1% |
| 1993 | 39.58 % change on previous year | +193.2% |
| 1994 | 21.86 % change on previous year | -44.8% |
| 1995 | 5.51 % change on previous year | -74.8% |
| 1996 | -17.08 % change on previous year | -409.9% |
| 1997 | -45.81 % change on previous year | +168.2% |
| 1998 | -4.73 % change on previous year | -89.7% |
| 1999 | -5.9 % change on previous year | +24.6% |
| 2000 | 74.24 % change on previous year | -1358.8% |
| 2001 | -23.63 % change on previous year | -131.8% |
| 2002 | -21.22 % change on previous year | -10.2% |
| 2003 | 56.54 % change on previous year | -366.5% |
| 2004 | 10.91 % change on previous year | -80.7% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 10.91 % change on previous year is above the median for lower middle income countries, which is 9.24 % change on previous year, 1.2× the median. (45 countries reporting)
- Papua New Guinea's 10.91 % change on previous year is above the median for East Asia & Pacific, which is 4.17 % change on previous year, 2.6× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current US$), annual growth rate in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +1419.9% | -2.36 % change on previous year | 31.16 % change on previous year |
| 2000 | +1358.8% | -5.9 % change on previous year | 74.24 % change on previous year |
| 1988 | +1237.5% | 4.28 % change on previous year | 57.3 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.63 % change on previous year | 6.21 % change on previous year | 57.95 % change on previous year | 3 |
| 1980s | 0.8807 % change on previous year | -41.81 % change on previous year | 57.3 % change on previous year | 10 |
| 1990s | 9.34 % change on previous year | -45.81 % change on previous year | 45.11 % change on previous year | 10 |
| 2000s | 19.37 % change on previous year | -23.63 % change on previous year | 74.24 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 61 Cote d'Ivoire 12.04 % change on previous year
- 62 Finland 11.95 % change on previous year compare
- 63 United Kingdom 11.05 % change on previous year compare
- 65 San Marino 10.71 % change on previous year
- 66 Spain 10.35 % change on previous year compare
- 67 Guinea-Bissau 10.13 % change on previous year compare
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is gross savings (current us$), annual growth rate in Papua New Guinea?
- Gross savings (current us$), annual growth rate in Papua New Guinea was 10.91 % change on previous year in 2004, according to Statizoid (derived).
- What is the highest gross savings (current us$), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 74.24 % change on previous year in 2000.
- What is the lowest gross savings (current us$), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -45.81 % change on previous year in 1997.
- How does Papua New Guinea rank for gross savings (current us$), annual growth rate?
- Papua New Guinea ranks 64th out of 177 countries with data for 2004.
- Is gross savings (current us$), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 50.1%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross savings (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross savings (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.