Libya - Gross savings (% of GDP)

Gross savings (% of GDP) in Libya was 67.33 as of 2008. Its highest value over the past 6 years was 67.98 in 2006, while its lowest value was 27.78 in 2002.

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
2002 27.78
2003 49.31
2004 43.29
2005 62.28
2006 67.98
2007 63.09
2008 67.33

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