Iceland - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Iceland was 25.48 as of 2019. Its highest value over the past 43 years was 30.44 in 1977, while its lowest value was 3.06 in 2008.
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 | 30.08 |
| 1977 | 30.44 |
| 1978 | 28.84 |
| 1979 | 27.24 |
| 1980 | 27.90 |
| 1981 | 25.63 |
| 1982 | 23.18 |
| 1983 | 22.48 |
| 1984 | 22.00 |
| 1985 | 20.27 |
| 1986 | 22.22 |
| 1987 | 20.39 |
| 1988 | 20.26 |
| 1989 | 20.36 |
| 1990 | 20.03 |
| 1991 | 19.07 |
| 1992 | 18.69 |
| 1993 | 20.59 |
| 1994 | 21.04 |
| 1995 | 20.12 |
| 1996 | 20.23 |
| 1997 | 20.79 |
| 1998 | 19.83 |
| 1999 | 17.33 |
| 2000 | 14.95 |
| 2001 | 19.40 |
| 2002 | 21.75 |
| 2003 | 17.57 |
| 2004 | 16.37 |
| 2005 | 13.60 |
| 2006 | 13.01 |
| 2007 | 16.07 |
| 2008 | 3.06 |
| 2009 | 4.29 |
| 2010 | 5.35 |
| 2011 | 8.46 |
| 2012 | 9.99 |
| 2013 | 18.54 |
| 2014 | 18.70 |
| 2015 | 21.15 |
| 2016 | 24.06 |
| 2017 | 23.79 |
| 2018 | 21.70 |
| 2019 | 25.48 |
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
