Iraq - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Iraq was 13.40 as of 2019. Its highest value over the past 14 years was 51.20 in 2008, while its lowest value was 12.70 in 2016.
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 |
|---|---|
| 2005 | 43.90 |
| 2006 | 43.40 |
| 2007 | 40.20 |
| 2008 | 51.20 |
| 2009 | 26.90 |
| 2010 | 35.50 |
| 2011 | 44.80 |
| 2012 | 41.60 |
| 2013 | 28.10 |
| 2014 | 28.40 |
| 2015 | 18.40 |
| 2016 | 12.70 |
| 2017 | 19.10 |
| 2018 | 20.80 |
| 2019 | 13.40 |
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
