Armenia - Gross savings (% of GDP)

Gross savings (% of GDP) in Armenia was 14.72 as of 2020. Its highest value over the past 27 years was 28.60 in 2007, while its lowest value was -5.44 in 1993.

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
1993 -5.44
1994 2.57
1995 -2.13
1996 1.79
1997 3.91
1998 0.76
1999 2.83
2000 -0.93
2001 5.41
2002 10.25
2003 16.34
2004 19.71
2005 24.31
2006 28.54
2007 28.60
2008 27.90
2009 14.05
2010 13.20
2011 11.10
2012 14.10
2013 14.84
2014 13.28
2015 18.43
2016 17.81
2017 16.90
2018 15.33
2019 9.82
2020 14.72

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