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% |
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
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
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.
Download this data
CSV · JSON — 30 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.