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