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