Lao PDR - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Lao PDR was 18.44 as of 2016. Its highest value over the past 32 years was 23.89 in 2006, while its lowest value was -0.61 in 1988.

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
1984 5.00
1985 3.41
1986 4.56
1987 4.74
1988 -0.61
2000 8.89
2001 1.45
2002 19.06
2003 11.19
2004 15.35
2005 20.74
2006 23.89
2007 19.83
2008 14.72
2009 17.11
2010 10.33
2011 19.74
2012 7.30
2013 6.05
2014 10.64
2015 11.25
2016 18.44

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