Savings Rate, Percent per annum in Papua New Guinea
Papua New Guinea: Savings Rate, Percent per annum was 1.05 in 2024. ◆ Volatile
Savings Rate, Percent per annum in Papua New Guinea, 1995–2024
Source: International Monetary Fund.
Analysis
In 2024, savings rate, percent per annum in Papua New Guinea stood at 1.05.
The figure is down 19.1% on the previous year and up 27.8% over ten years.
Over the whole period, savings rate, percent per annum in Papua New Guinea peaked at 4.12 in 1999 and was at its lowest, 0.825, in 2013.
Papua New Guinea ranks 43rd of 63 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 4 | — |
| 1996 | 4 | +0.0% |
| 1997 | 3.83 | -4.2% |
| 1998 | 3.94 | +2.7% |
| 1999 | 4.12 | +4.8% |
| 2000 | 4.06 | -1.5% |
| 2001 | 3.88 | -4.6% |
| 2002 | 2.44 | -37.1% |
| 2003 | 2.4 | -1.7% |
| 2004 | 1.63 | -31.9% |
| 2005 | 1.64 | +0.3% |
| 2006 | 1.62 | -0.6% |
| 2007 | 0.8342 | -48.7% |
| 2008 | 0.8296 | -0.5% |
| 2009 | 0.8688 | +4.7% |
| 2010 | 0.8988 | +3.5% |
| 2011 | 0.8567 | -4.7% |
| 2012 | 0.9271 | +8.2% |
| 2013 | 0.825 | -11.0% |
| 2014 | 0.825 | +0.0% |
| 2015 | 0.825 | +0.0% |
| 2016 | 0.825 | +0.0% |
| 2017 | 0.825 | +0.0% |
| 2018 | 0.825 | +0.0% |
| 2019 | 0.825 | +0.0% |
| 2020 | 0.8604 | +4.3% |
| 2021 | 1.24 | +43.6% |
| 2022 | 1.08 | -12.4% |
| 2023 | 1.3 | +20.4% |
| 2024 | 1.05 | -19.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 1.05 is below the median for lower middle income countries, which is 2.8, 38% of the median. (18 countries reporting)
- Papua New Guinea's 1.05 is above the median for East Asia & Pacific, which is 0.7024, 1.5× the median. (8 countries reporting)
Biggest year-on-year movements
Years where Savings Rate, Percent per annum in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | -48.7% | 1.62 | 0.8342 |
| 2021 | +43.6% | 0.8604 | 1.24 |
| 2002 | -37.1% | 3.88 | 2.44 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.98 | 3.83 | 4.12 | 5 |
| 2000s | 2.02 | 0.8296 | 4.06 | 10 |
| 2010s | 0.8458 | 0.825 | 0.9271 | 10 |
| 2020s | 1.11 | 0.8604 | 1.3 | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is savings rate, percent per annum in Papua New Guinea?
- Savings rate, percent per annum in Papua New Guinea was 1.05 in 2024, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Papua New Guinea?
- The highest recorded value was 4.12 in 1999.
- What is the lowest savings rate, percent per annum recorded in Papua New Guinea?
- The lowest recorded value was 0.825 in 2013.
- How does Papua New Guinea rank for savings rate, percent per annum?
- Papua New Guinea ranks 43rd out of 63 countries with data for 2024.
- Is savings rate, percent per annum rising or falling in Papua New Guinea?
- Over the last ten years it is up 27.8%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.