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

Adjusted savings: gross savings (% of GNI) in Philippines was 28.71 as of 2019. Its highest value over the past 42 years was 35.74 in 2010, while its lowest value was 16.45 in 1985.

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
1977 28.02
1978 28.14
1979 27.56
1980 26.99
1981 27.12
1982 24.45
1983 26.91
1984 21.44
1985 16.45
1986 16.83
1987 19.73
1988 20.55
1989 19.45
1990 18.94
1991 18.09
1992 17.39
1993 16.46
1994 18.66
1995 18.29
1996 18.54
1997 20.06
1998 25.57
1999 31.46
2000 30.51
2001 31.60
2002 32.20
2003 32.55
2004 33.14
2005 34.41
2006 34.09
2007 33.73
2008 32.96
2009 34.01
2010 35.74
2011 33.28
2012 31.64
2013 32.53
2014 33.49
2015 31.98
2016 31.55
2017 31.96
2018 30.55
2019 28.71

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