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

Adjusted savings: gross savings (% of GNI) in Australia was 23.20 as of 2019. Its highest value over the past 30 years was 26.30 in 1989, while its lowest value was 19.00 in 1992.

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
1989 26.30
1990 25.20
1991 21.60
1992 19.00
1993 20.80
1994 22.20
1995 21.40
1996 21.70
1997 22.60
1998 22.40
1999 21.40
2000 21.90
2001 21.40
2002 22.50
2003 21.70
2004 22.20
2005 21.90
2006 22.70
2007 22.40
2008 22.90
2009 24.90
2010 22.70
2011 24.30
2012 25.10
2013 24.60
2014 24.20
2015 23.10
2016 21.20
2017 22.40
2018 22.40
2019 23.20

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