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

Adjusted savings: gross savings (% of GNI) in Venezuela was 9.04 as of 2014. Its highest value over the past 44 years was 41.26 in 2005, while its lowest value was 4.29 in 1983.

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
1970 25.60
1971 24.99
1972 23.92
1973 27.05
1974 40.18
1975 30.87
1976 27.04
1977 25.01
1978 19.65
1979 23.69
1980 24.12
1981 19.80
1982 12.39
1983 4.29
1984 28.22
1985 27.16
1986 20.18
1987 24.82
1988 21.01
1989 23.56
1990 30.03
1991 24.74
1992 20.80
1993 18.21
1994 22.58
1995 24.12
1996 32.49
1997 32.91
1998 26.68
1999 29.14
2000 34.88
2001 29.57
2002 31.25
2003 30.55
2004 36.80
2005 41.26
2006 40.93
2007 36.75
2008 36.48
2009 22.60
2010 31.83
2011 31.33
2012 26.32
2013 19.65
2014 9.04

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