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

Adjusted savings: gross savings (% of GNI) in Barbados was 5.61 as of 2016. Its highest value over the past 30 years was 32.07 in 1988, while its lowest value was -1.52 in 2011.

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
1986 29.05
1987 27.21
1988 32.07
1989 31.82
1990 15.64
1991 14.02
1992 14.73
1993 13.47
1994 15.47
1995 9.32
1996 10.93
1997 10.03
1998 12.73
1999 11.61
2000 10.99
2001 8.81
2002 9.90
2003 12.36
2004 8.41
2005 4.02
2006 10.75
2007 11.50
2008 4.49
2009 8.71
2010 3.62
2011 -1.52
2012 3.65
2013 2.33
2014 3.15
2015 5.59
2016 5.61

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