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