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 177 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.
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
More economy & growth data for Papua New Guinea
- DEC alternative conversion factor 4.12 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 931.74 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 226.00 million current US$ (2025)
- Taxes less subsidies on products 5.32 billion current LCU (2024)
- Taxes less subsidies on products 1.38 billion current US$ (2024)
- Net primary income (Net income from abroad) -9.64 billion current LCU (2025)
- Net primary income (Net income from abroad) -2.34 billion current US$ (2025)
- GNI per capita 11,553 current LCU (2025)
- GNI per capita, Atlas method 2,890 current US$ (2025)
- GNI 124.34 billion current LCU (2025)
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 177 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.