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