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

Adjusted savings: gross savings (% of GNI) in Cyprus was 14.18 as of 2019. Its highest value over the past 43 years was 27.21 in 1986, while its lowest value was 9.75 in 2014.

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
1976 16.56
1977 19.13
1978 18.10
1979 23.23
1980 22.27
1981 22.35
1982 21.85
1983 19.99
1984 23.39
1985 23.17
1986 27.21
1987 26.02
1988 24.85
1989 26.52
1990 23.24
1991 17.25
1992 18.68
1993 24.92
1994 26.14
1995 22.31
1996 20.37
1997 18.62
1998 24.29
1999 18.91
2000 17.72
2001 17.06
2002 18.45
2003 18.88
2004 18.32
2005 18.16
2006 18.16
2007 14.06
2008 14.43
2009 16.23
2010 13.46
2011 16.19
2012 12.42
2013 11.60
2014 9.75
2015 13.32
2016 13.79
2017 15.32
2018 15.17
2019 14.18

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