Armenia - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Armenia was 10.07 as of 2019. Its highest value over the past 26 years was 27.26 in 2006, while its lowest value was -5.45 in 1993.

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
1993 -5.45
1994 2.58
1995 -2.07
1996 1.74
1997 3.70
1998 0.73
1999 2.75
2000 -0.90
2001 5.25
2002 9.90
2003 15.82
2004 18.93
2005 23.33
2006 27.26
2007 27.13
2008 26.34
2009 13.49
2010 12.58
2011 10.72
2012 13.56
2013 13.98
2014 12.71
2015 17.71
2016 17.41
2017 16.34
2018 15.21
2019 10.07

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