Luxembourg - Gross savings (current US$)

The latest value for Gross savings (current US$) in Luxembourg was $15,642,700,000 as of 2020. Over the past 21 years, the value for this indicator has fluctuated between $19,012,260,000 in 2007 and $6,429,638,000 in 2009.

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
1999 $7,281,763,000
2000 $6,737,867,000
2001 $6,514,890,000
2002 $6,476,682,000
2003 $7,086,261,000
2004 $11,623,250,000
2005 $13,593,020,000
2006 $12,403,000,000
2007 $19,012,260,000
2008 $17,582,190,000
2009 $6,429,638,000
2010 $10,082,210,000
2011 $11,478,590,000
2012 $15,211,720,000
2013 $14,600,100,000
2014 $16,599,490,000
2015 $10,697,840,000
2016 $12,178,640,000
2017 $14,248,360,000
2018 $14,263,060,000
2019 $11,176,570,000
2020 $15,642,700,000

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