European Union - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in European Union was 25.23 as of 2019. Its highest value over the past 44 years was 25.23 in 2019, while its lowest value was 20.44 in 1982.
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 |
|---|---|
| 1975 | 23.39 |
| 1976 | 23.42 |
| 1977 | 23.03 |
| 1978 | 23.38 |
| 1979 | 23.20 |
| 1980 | 22.35 |
| 1981 | 20.77 |
| 1982 | 20.44 |
| 1983 | 20.77 |
| 1984 | 21.42 |
| 1985 | 21.49 |
| 1986 | 22.35 |
| 1987 | 22.02 |
| 1988 | 22.96 |
| 1989 | 23.31 |
| 1990 | 23.45 |
| 1991 | 22.63 |
| 1992 | 21.91 |
| 1993 | 21.47 |
| 1994 | 21.85 |
| 1995 | 22.88 |
| 1996 | 22.57 |
| 1997 | 23.05 |
| 1998 | 23.37 |
| 1999 | 23.19 |
| 2000 | 23.14 |
| 2001 | 23.08 |
| 2002 | 22.91 |
| 2003 | 22.47 |
| 2004 | 23.15 |
| 2005 | 23.08 |
| 2006 | 23.82 |
| 2007 | 24.44 |
| 2008 | 23.41 |
| 2009 | 21.12 |
| 2010 | 21.63 |
| 2011 | 22.46 |
| 2012 | 22.22 |
| 2013 | 22.49 |
| 2014 | 23.08 |
| 2015 | 23.96 |
| 2016 | 24.27 |
| 2017 | 24.78 |
| 2018 | 24.99 |
| 2019 | 25.23 |
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
