Libya - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Libya was 66.80 as of 2008. Its highest value over the past 6 years was 66.90 in 2006, while its lowest value was 27.40 in 2002.
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 |
---|---|
2002 | 27.40 |
2003 | 48.30 |
2004 | 43.60 |
2005 | 62.70 |
2006 | 66.90 |
2007 | 62.30 |
2008 | 66.80 |
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