Papua New Guinea Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Papua New Guinea's gross savings was 30.42% in 2004, ranked 37th globally. This represents a 0.1% decrease from 2003. Data from World Bank, covering 1976–2004.
Overview
Papua New Guinea's gross savings stood at 30.42% in 2004, a decline of +0.04% from 2003. Papua New Guinea ranked 37th globally.
Papua New Guinea's gross savings rate has exhibited volatility over the past three decades, with a notable peak in 1995 when it reached 35.15% of GDP. This was a significant increase from the all-time trough of 10.99% in 1989, underscoring the country's capacity to recover from economic adversity. In more recent years, Papua New Guinea's gross savings rate has stabilized, with a figure of 30.42% in 2004, mirroring that of Trinidad and Tobago, a peer country. The country's savings rate has consistently ranked among the higher end of the global spectrum, with Namibia and Lesotho also experiencing comparable rates. The sustained savings rate in Papua New Guinea suggests a degree of economic resilience, but future economic outcomes will depend on the country's ability to manage the increasing demands of its burgeoning population and the potential impact of global economic shifts, which could alter the trajectory of its savings rate.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2004 | 30.42% | −0.04% | #37 |
| 2003 | 30.46% | +7.52% | #33 |
| 2002 | 22.94% | −5.41% | #65 |
| 2001 | 28.35% | −4.13% | #35 |
| 2000 | 32.48% | +13.60% | #25 |
| 1999 | 18.88% | +0.47% | #86 |
| 1998 | 18.41% | +3.58% | #90 |
| 1997 | 14.83% | −11.38% | #115 |
| 1996 | 26.21% | −8.94% | #38 |
| 1995 | 35.15% | +7.08% | #13 |
| 1994 | 28.07% | +2.59% | #35 |
| 1993 | 25.48% | +4.74% | #39 |
| 1992 | 20.74% | −0.38% | #63 |
| 1991 | 21.12% | +4.00% | #58 |
| 1990 | 17.12% | +6.13% | #94 |
Detected Pattern
Analysis
Papua New Guinea matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Papua New Guinea's gross savings was 30.42% in 2004. Ranked 37th globally. This represents a 0.1% decrease from the previous year.
Papua New Guinea's gross savings peaked at 35.15% in 1995.
The lowest gross savings in Papua New Guinea was 10.99% in 1989.
Papua New Guinea ranks 37th globally in gross savings as of 2004.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Papua New Guinea in 2004 was 30.42%. This ranks 37th in the world.
Cite this page
@misc{historysaid_papua-new-guinea_gross-savings,
title = {Papua New Guinea Gross Savings},
url = {https://historysaid.com/papua-new-guinea/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}