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

Adjusted savings: gross savings (% of GNI) in Colombia was 16.24 as of 2019. Its highest value over the past 49 years was 23.99 in 1991, while its lowest value was 13.10 in 1998.

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
1970 17.46
1971 13.87
1972 17.09
1973 19.21
1974 19.57
1975 17.13
1976 19.17
1977 21.37
1978 20.26
1979 19.45
1980 19.59
1981 16.61
1982 14.52
1983 14.87
1984 15.70
1985 17.69
1986 23.25
1987 22.55
1988 23.47
1989 21.89
1990 21.94
1991 23.99
1992 19.85
1993 18.45
1994 19.46
1995 18.83
1996 15.44
1997 13.80
1998 13.10
1999 13.76
2000 13.87
2001 13.16
2002 14.31
2003 15.94
2004 17.43
2005 18.94
2006 19.56
2007 19.27
2008 20.27
2009 19.16
2010 18.97
2011 20.17
2012 19.11
2013 18.80
2014 18.58
2015 17.40
2016 17.59
2017 17.21
2018 16.74
2019 16.24

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