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