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

Adjusted savings: gross savings (% of GNI) in Azerbaijan was 30.53 as of 2019. Its highest value over the past 24 years was 55.41 in 2008, while its lowest value was 2.02 in 1996.

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
1995 6.25
1996 2.02
1997 13.85
1998 6.00
1999 9.51
2000 16.51
2001 21.12
2002 20.95
2003 24.93
2004 27.62
2005 44.17
2006 50.77
2007 52.71
2008 55.41
2009 43.24
2010 47.26
2011 49.95
2012 46.67
2013 44.65
2014 41.61
2015 28.59
2016 23.62
2017 29.78
2018 33.47
2019 30.53

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