Azerbaijan - Gross savings (% of GDP)

Gross savings (% of GDP) in Azerbaijan was 24.23 as of 2020. Its highest value over the past 25 years was 49.94 in 2008, while its lowest value was 2.10 in 1996.

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
1995 7.28
1996 2.10
1997 13.82
1998 6.62
1999 14.47
2000 20.03
2001 23.66
2002 22.71
2003 26.03
2004 27.54
2005 39.70
2006 45.08
2007 45.36
2008 49.94
2009 40.37
2010 44.73
2011 46.79
2012 44.27
2013 42.76
2014 40.75
2015 28.12
2016 22.60
2017 29.03
2018 32.15
2019 28.57
2020 24.23

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