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

Adjusted savings: gross savings (% of GNI) in Guinea was 4.33 as of 2019. Its highest value over the past 33 years was 24.18 in 1993, while its lowest value was -8.17 in 2013.

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
1986 12.36
1987 12.97
1988 11.66
1989 16.01
1990 20.35
1991 20.68
1992 20.64
1993 24.18
1994 22.35
1995 21.13
1996 16.37
1997 18.40
1998 14.08
1999 15.80
2000 16.51
2001 15.61
2002 12.64
2003 20.66
2004 13.64
2005 10.35
2006 1.38
2007 -3.72
2008 4.33
2009 -5.62
2010 6.66
2011 3.46
2012 5.85
2013 -8.17
2014 -3.73
2015 -7.51
2016 -1.24
2017 11.48
2018 2.77
2019 4.33

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