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

Adjusted savings: gross savings (% of GNI) in Kiribati was 34.68 as of 2018. Its highest value over the past 39 years was 62.86 in 1991, while its lowest value was 1.76 in 2009.

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
1979 44.17
1980 29.10
1981 25.05
1982 50.29
1983 61.95
1984 53.51
1985 31.74
1986 32.17
1987 42.48
1988 46.32
1989 40.60
1990 44.44
1991 62.86
1992 59.27
2008 5.11
2009 1.76
2010 9.96
2011 6.71
2012 17.43
2013 16.98
2014 33.00
2015 37.01
2016 26.17
2017 35.74
2018 34.68

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