Adjusted savings: gross savings (% of GNI)
Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Description: The map below shows how Adjusted savings: gross savings (% of GNI) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Libya, with a value of 72.39. The country with the lowest value in the world is Equatorial Guinea, with a value of -181.27.
Source: World Bank national accounts data files.
Development Relevance: Gross savings is used as a starting point for calculating adjusted net savings. Adjusted net saving is an indicator of the sustainability of an economy.
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