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