Mongolia - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Mongolia was 26.72 as of 2019. Its highest value over the past 38 years was 46.54 in 2006, while its lowest value was 8.03 in 1988.

Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.

Source: World Bank national accounts data files.

See also:

Year Value
1981 22.42
1982 31.48
1983 21.29
1984 20.41
1985 19.66
1986 13.60
1987 8.52
1988 8.03
1989 16.22
1990 23.79
1991 25.53
1992 37.26
1993 43.32
1994 41.43
1995 39.52
1996 33.39
1997 37.55
1998 30.86
1999 33.43
2000 17.50
2001 17.95
2002 16.34
2003 25.22
2004 33.85
2005 40.39
2006 46.54
2007 42.00
2008 30.92
2009 28.44
2010 28.97
2011 33.13
2012 30.02
2013 27.85
2014 25.52
2015 22.54
2016 26.36
2017 24.70
2018 28.91
2019 26.72

Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.

Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts