Gross savings in Papua New Guinea
Papua New Guinea: Gross savings was 1.19 billion current US$ in 2004. ◆ Volatile
Gross savings in Papua New Guinea, 1976–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Papua New Guinea recorded 1.19 billion current US$ for gross savings in 2004.
Compared with earlier readings it is up 10.9% on the previous year and down 22.6% over ten years.
Over the whole period, gross savings in Papua New Guinea peaked at 1.63 billion current US$ in 1995 and was at its lowest, 279.25 million current US$, in 1982.
That places Papua New Guinea 142nd out of 177 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 494.67 million current US$ | 311.63 million current US$ | 652.02 million current US$ | 4 |
| 1980s | 407.16 million current US$ | 279.25 million current US$ | 670.06 million current US$ | 10 |
| 1990s | 1.01 billion current US$ | 551.31 million current US$ | 1.63 billion current US$ | 10 |
| 2000s | 995.42 million current US$ | 688.11 million current US$ | 1.19 billion current US$ | 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 1.19 billion current US$ 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 1.63 billion current US$ in 1995.
- What is the lowest gross savings recorded in Papua New Guinea?
- The lowest recorded value was 279.25 million current US$ in 1982.
- How does Papua New Guinea rank for gross savings?
- Papua New Guinea ranks 142nd 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 down 22.6%. 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 US$). 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 indicator is expressed in United States dollars.