Gross savings in Pacific island small states
Pacific island small states: Gross savings was 14.4% in 2024. ◆ Volatile
Gross savings in Pacific island small states, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Pacific island small states stood at 14.4%.
That represents a change of up 5.7% on the previous year and down 13.2% over ten years.
Over the whole period, gross savings in Pacific island small states peaked at 22.6% in 2003 and was at its lowest, -1.0%, in 1983.
Pacific island small states ranks 45th of 46 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 GNI | Change |
|---|---|---|
| 1980 | 9.2% | — |
| 1981 | 2.5% | -72.5% |
| 1982 | -0.2% | -109.6% |
| 1983 | -1.0% | +303.6% |
| 1984 | 1.7% | -274.3% |
| 1985 | 4.0% | +133.9% |
| 1986 | 14.7% | +270.6% |
| 1987 | 15.5% | +5.1% |
| 1988 | 7.7% | -50.2% |
| 1989 | 6.9% | -10.1% |
| 1990 | 4.4% | -36.7% |
| 1991 | 4.3% | -1.0% |
| 1992 | 6.1% | +40.4% |
| 1993 | 4.9% | -19.8% |
| 1994 | 6.0% | +23.1% |
| 1995 | 7.5% | +24.9% |
| 1996 | 14.3% | +90.2% |
| 1997 | 15.8% | +10.3% |
| 1999 | 19.2% | +21.5% |
| 2000 | 15.3% | -20.0% |
| 2001 | 10.7% | -30.0% |
| 2002 | 21.3% | +98.0% |
| 2003 | 22.6% | +6.4% |
| 2004 | 16.1% | -28.9% |
| 2005 | 14.7% | -8.5% |
| 2006 | 7.7% | -47.9% |
| 2007 | 9.6% | +25.3% |
| 2008 | 11.8% | +23.1% |
| 2009 | 16.0% | +35.1% |
| 2010 | 16.3% | +2.1% |
| 2011 | 18.3% | +11.8% |
| 2012 | 17.9% | -2.2% |
| 2013 | 18.3% | +2.6% |
| 2014 | 16.5% | -9.7% |
| 2015 | 18.8% | +13.9% |
| 2016 | 18.5% | -1.8% |
| 2017 | 18.2% | -1.9% |
| 2018 | 17.3% | -5.0% |
| 2019 | 13.2% | -23.6% |
| 2020 | 11.6% | -12.0% |
| 2021 | 15.2% | +31.0% |
| 2022 | 10.0% | -34.1% |
| 2023 | 13.6% | +35.7% |
| 2024 | 14.4% | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.1% | -1.0% | 15.5% | 10 |
| 1990s | 9.2% | 4.3% | 19.2% | 9 |
| 2000s | 14.6% | 7.7% | 22.6% | 10 |
| 2010s | 17.3% | 13.2% | 18.8% | 10 |
| 2020s | 12.9% | 10.0% | 15.2% | 5 |
Countries ranked near Pacific island small states
More economy & growth data for Pacific island small states
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8795 current US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5078 constant 2015 US$ per US$ of GDP (2024)
- Services, value added 7.00 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Services, value added 56.8% (2024)
- Services, value added (constant 2015 US$), per capita 2,300 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.94 % change on previous year (2024)
- GDP (current US$), annual growth rate 5.49 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 3,347 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7392 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross savings in Pacific island small states?
- Gross savings in Pacific island small states was 14.4% 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 22.6% in 2003.
- What is the lowest gross savings recorded in Pacific island small states?
- The lowest recorded value was -1.0% in 1983.
- How does Pacific island small states rank for gross savings?
- Pacific island small states ranks 45th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Pacific island small states?
- Over the last ten years it is down 13.2%. 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 GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.