Iceland - Gross savings (current US$)

The latest value for Gross savings (current US$) in Iceland was $3,698,993,000 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $5,975,539,000 in 2019 and $281,664,100 in 2008.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1976 $501,404,100
1977 $673,900,500
1978 $723,835,900
1979 $776,361,100
1980 $941,236,700
1981 $887,557,000
1982 $733,156,900
1983 $608,673,700
1984 $613,186,000
1985 $592,492,400
1986 $873,729,000
1987 $1,122,005,000
1988 $1,230,428,000
1989 $1,136,522,000
1990 $1,277,650,000
1991 $1,309,054,000
1992 $1,320,212,000
1993 $1,274,289,000
1994 $1,328,107,000
1995 $1,420,732,000
1996 $1,500,684,000
1997 $1,560,758,000
1998 $1,643,623,000
1999 $1,515,813,000
2000 $1,277,430,000
2001 $1,519,433,000
2002 $2,014,729,000
2003 $1,978,737,000
2004 $2,162,120,000
2005 $2,052,021,000
2006 $1,904,668,000
2007 $3,065,706,000
2008 $281,664,100
2009 $400,911,400
2010 $539,343,800
2011 $1,049,924,000
2012 $1,256,963,000
2013 $2,779,884,000
2014 $3,120,368,000
2015 $3,441,314,000
2016 $4,693,730,000
2017 $5,536,482,000
2018 $5,160,161,000
2019 $5,975,539,000
2020 $3,698,993,000

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.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts