Singapore - Gross savings (% of GDP)
Gross savings (% of GDP) in Singapore was 40.85 as of 2020. Its highest value over the past 48 years was 52.30 in 1997, while its lowest value was 25.36 in 1973.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
Year | Value |
---|---|
1972 | 26.30 |
1973 | 25.36 |
1974 | 25.84 |
1975 | 29.66 |
1976 | 30.08 |
1977 | 30.20 |
1978 | 32.46 |
1979 | 35.45 |
1980 | 33.83 |
1981 | 35.86 |
1982 | 37.22 |
1983 | 41.58 |
1984 | 44.09 |
1985 | 41.57 |
1986 | 39.79 |
1987 | 37.85 |
1988 | 41.36 |
1989 | 42.76 |
1990 | 43.73 |
1991 | 44.97 |
1992 | 46.99 |
1993 | 44.37 |
1994 | 48.09 |
1995 | 50.59 |
1996 | 48.88 |
1997 | 52.30 |
1998 | 51.35 |
1999 | 48.91 |
2000 | 46.37 |
2001 | 40.08 |
2002 | 38.43 |
2003 | 39.40 |
2004 | 40.61 |
2005 | 43.63 |
2006 | 48.17 |
2007 | 49.97 |
2008 | 44.36 |
2009 | 43.86 |
2010 | 50.59 |
2011 | 48.81 |
2012 | 47.25 |
2013 | 45.52 |
2014 | 47.29 |
2015 | 44.05 |
2016 | 44.47 |
2017 | 45.46 |
2018 | 42.32 |
2019 | 40.32 |
2020 | 40.85 |
Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts