Eritrea - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Eritrea was 15.81 as of 2000. Its highest value over the past 8 years was 68.48 in 1992, while its lowest value was 6.26 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 |
|---|---|
| 1992 | 68.48 |
| 1993 | 41.27 |
| 1994 | 54.37 |
| 1995 | 18.86 |
| 1996 | 19.12 |
| 1997 | 35.27 |
| 1998 | 6.26 |
| 1999 | 17.16 |
| 2000 | 15.81 |
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
