Papua New Guinea - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Papua New Guinea was 33.57 as of 2004. Its highest value over the past 28 years was 37.29 in 1995, while its lowest value was 11.42 in 1989.

Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.

Source: World Bank national accounts data files.

See also:

Year Value
1976 21.33
1977 30.63
1978 27.22
1979 29.10
1980 19.71
1981 11.86
1982 12.41
1983 15.14
1984 18.47
1985 12.81
1986 15.87
1987 14.20
1988 19.06
1989 11.42
1990 17.81
1991 21.84
1992 22.82
1993 27.91
1994 30.30
1995 37.29
1996 28.78
1997 15.87
1998 19.80
1999 20.57
2000 34.63
2001 30.85
2002 24.81
2003 34.42
2004 33.57

Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.

Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts