Gross savings in Papua New Guinea
Papua New Guinea: Gross savings was 33.6% in 2004. ▲ Rising
Gross savings in Papua New Guinea, 1976–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Papua New Guinea recorded 33.6% for gross savings in 2004.
Compared with earlier readings it is down 2.5% on the previous year and up 10.8% over ten years.
Over the whole period, gross savings in Papua New Guinea peaked at 37.3% in 1995 and was at its lowest, 11.4%, in 1989.
Papua New Guinea ranks 30th of 178 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross savings in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1976 | 21.3% | — |
| 1977 | 30.6% | +43.6% |
| 1978 | 27.2% | -11.1% |
| 1979 | 29.1% | +6.9% |
| 1980 | 19.7% | -32.3% |
| 1981 | 11.9% | -39.8% |
| 1982 | 12.4% | +4.7% |
| 1983 | 15.1% | +21.9% |
| 1984 | 18.5% | +22.0% |
| 1985 | 12.8% | -30.6% |
| 1986 | 15.9% | +23.9% |
| 1987 | 14.2% | -10.5% |
| 1988 | 19.1% | +34.2% |
| 1989 | 11.4% | -40.1% |
| 1990 | 17.8% | +55.8% |
| 1991 | 21.8% | +22.6% |
| 1992 | 22.8% | +4.5% |
| 1993 | 27.9% | +22.3% |
| 1994 | 30.3% | +8.6% |
| 1995 | 37.3% | +23.1% |
| 1996 | 28.8% | -22.8% |
| 1997 | 15.9% | -44.9% |
| 1998 | 19.8% | +24.7% |
| 1999 | 20.6% | +3.9% |
| 2000 | 34.6% | +68.4% |
| 2001 | 30.8% | -10.9% |
| 2002 | 24.8% | -19.6% |
| 2003 | 34.4% | +38.7% |
| 2004 | 33.6% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.1% | 21.3% | 30.6% | 4 |
| 1980s | 15.1% | 11.4% | 19.7% | 10 |
| 1990s | 24.3% | 15.9% | 37.3% | 10 |
| 2000s | 31.7% | 24.8% | 34.6% | 5 |
Countries ranked near Papua New Guinea
- 27 Panama 34.9% compare
- 28 Mauritania 34.8% compare
- 29 Denmark 34.3% compare
- 31 Bangladesh 33.0% compare
- 32 Botswana 32.6% compare
- 33 Marshall Islands 32.2%
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)
- Households and NPISHs Final consumption expenditure (current LCU) 4.77 % change on previous year (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1.66 current LCU per US$ of GDP (2004)
- Households and NPISHs Final consumption expenditure (current LCU) 1,029 current LCU per person (2004)
- Final consumption expenditure (current US$), annual growth rate 14.59 % change on previous year (2004)
- Final consumption expenditure (current US$), per unit of GDP 0.6675 current US$ per US$ of GDP (2004)
- Final consumption expenditure (current US$), per capita 414.27 current US$ per person (2004)
- Final consumption expenditure (current LCU), annual growth rate 3.88 % change on previous year (2004)
- Final consumption expenditure (current LCU), per unit of GDP 2.15 current LCU per US$ of GDP (2004)
Frequently asked questions
- What is gross savings in Papua New Guinea?
- Gross savings in Papua New Guinea was 33.6% 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 37.3% in 1995.
- What is the lowest gross savings recorded in Papua New Guinea?
- The lowest recorded value was 11.4% in 1989.
- How does Papua New Guinea rank for gross savings?
- Papua New Guinea ranks 30th 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 10.8%. The long-run trend across the full record is rising.
- 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 (% 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.