Iceland - Gross savings (% of GDP)

Gross savings (% of GDP) in Iceland was 17.03 as of 2020. Its highest value over the past 44 years was 30.51 in 1977, while its lowest value was 1.56 in 2008.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

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

See also:

Year Value
1976 30.03
1977 30.51
1978 28.82
1979 27.21
1980 27.84
1981 25.41
1982 22.86
1983 22.01
1984 21.41
1985 19.86
1986 21.90
1987 20.33
1988 20.15
1989 20.04
1990 19.75
1991 18.95
1992 18.64
1993 20.49
1994 20.79
1995 19.94
1996 20.21
1997 20.62
1998 19.33
1999 16.88
2000 14.15
2001 18.45
2002 21.62
2003 17.31
2004 15.64
2005 12.18
2006 10.91
2007 14.16
2008 1.56
2009 3.05
2010 3.92
2011 6.90
2012 8.52
2013 17.24
2014 17.46
2015 19.65
2016 22.57
2017 22.39
2018 19.64
2019 24.04
2020 17.03

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts