Gross savings in Pacific island small states
Pacific island small states: Gross savings was 13.9% in 2024. ◆ Volatile
Gross savings in Pacific island small states, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Pacific island small states recorded 13.9% for gross savings in 2024.
That represents a change of up 4.3% on the previous year and down 19.8% over ten years.
Over the whole period, gross savings in Pacific island small states peaked at 22.3% in 2003 and was at its lowest, -10.7%, in 1982.
Pacific island small states ranks 42nd of 42 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 savings in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | -9.1% | — |
| 1982 | -10.7% | +17.3% |
| 1983 | -9.5% | -10.7% |
| 1984 | -8.1% | -15.0% |
| 1985 | -7.1% | -12.2% |
| 1986 | 7.0% | -198.3% |
| 1987 | 12.1% | +72.8% |
| 1988 | 0.6% | -95.3% |
| 1989 | 1.1% | +98.6% |
| 1990 | 1.9% | +67.1% |
| 1991 | 0.5% | -71.5% |
| 1992 | 4.4% | +718.6% |
| 1993 | 3.0% | -31.4% |
| 1994 | 5.1% | +67.7% |
| 1995 | 7.0% | +36.9% |
| 1996 | 12.9% | +84.8% |
| 1997 | 14.8% | +14.8% |
| 1998 | 21.1% | +42.5% |
| 1999 | 17.8% | -15.3% |
| 2000 | 14.8% | -17.1% |
| 2001 | 9.8% | -33.9% |
| 2002 | 19.4% | +99.1% |
| 2003 | 22.3% | +14.4% |
| 2004 | 16.1% | -27.5% |
| 2005 | 14.3% | -11.6% |
| 2006 | 8.0% | -43.5% |
| 2007 | 10.1% | +25.1% |
| 2008 | 11.8% | +17.2% |
| 2009 | 15.4% | +30.5% |
| 2010 | 15.8% | +2.7% |
| 2011 | 17.6% | +11.2% |
| 2012 | 17.4% | -0.9% |
| 2013 | 18.4% | +5.7% |
| 2014 | 17.3% | -6.1% |
| 2015 | 19.8% | +14.6% |
| 2016 | 18.7% | -5.6% |
| 2017 | 18.6% | -0.3% |
| 2018 | 17.9% | -3.9% |
| 2019 | 13.9% | -22.2% |
| 2020 | 11.8% | -15.3% |
| 2021 | 15.4% | +30.5% |
| 2022 | 10.0% | -35.1% |
| 2023 | 13.3% | +33.0% |
| 2024 | 13.9% | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -2.6% | -10.7% | 12.1% | 9 |
| 1990s | 8.9% | 0.5% | 21.1% | 10 |
| 2000s | 14.2% | 8.0% | 22.3% | 10 |
| 2010s | 17.5% | 13.9% | 19.8% | 10 |
| 2020s | 12.9% | 10.0% | 15.4% | 5 |
Countries ranked near Pacific island small states
- 39 Philippines 30.1% compare
- 40 Samoa 30.0% compare
- 41 Türkiye 29.9% compare
- 42 Uzbekistan 29.5% compare
- 43 Morocco 29.4% compare
- 44 Hong Kong, China 29.2% compare
- 45 Kazakhstan 29.0% compare
More economy & growth data for Pacific island small states
- GDP (constant 2015 US$), per unit of GDP 0.8616 constant 2015 US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate 5.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 4,738 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), annual growth rate 8.62 % change on previous year (2025)
- Gross domestic savings (current US$), per capita 43.82 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.0097 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 175.68 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 4,066 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,983 current US$ per person (2024)
Frequently asked questions
- What is gross savings in Pacific island small states?
- Gross savings in Pacific island small states was 13.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Pacific island small states?
- The highest recorded value was 22.3% in 2003.
- What is the lowest gross savings recorded in Pacific island small states?
- The lowest recorded value was -10.7% in 1982.
- How does Pacific island small states rank for gross savings?
- Pacific island small states ranks 42nd out of 42 groups with data for 2024.
- Is gross savings rising or falling in Pacific island small states?
- Over the last ten years it is down 19.8%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.