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

Adjusted savings: gross savings (% of GNI) in Nigeria was 24.02 as of 2019. Its highest value over the past 38 years was 87.93 in 1981, while its lowest value was 16.19 in 2016.

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
1981 87.93
1982 85.13
1983 76.20
1984 61.41
1985 49.13
1986 54.89
1987 54.05
1988 48.49
1989 67.56
1990 62.36
1991 59.36
1992 52.12
1993 49.57
1994 43.68
1995 43.75
1996 40.39
1997 43.05
1998 35.08
1999 47.42
2000 55.57
2001 36.06
2002 31.10
2003 29.40
2004 32.50
2005 39.19
2006 50.90
2007 28.02
2008 33.50
2009 26.20
2010 25.73
2011 26.72
2012 34.83
2013 20.29
2014 23.24
2015 17.46
2016 16.19
2017 18.84
2018 20.19
2019 24.02

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