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

Adjusted savings: gross savings (% of GNI) in Namibia was 8.84 as of 2019. Its highest value over the past 29 years was 37.13 in 1990, while its lowest value was 5.49 in 2016.

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
1990 37.13
1991 25.72
1992 28.58
1993 25.53
1994 29.23
1995 29.59
1996 27.61
1997 24.67
1998 26.33
1999 24.13
2000 27.51
2001 22.40
2002 25.91
2003 24.85
2004 29.92
2005 31.00
2006 35.80
2007 29.16
2008 27.46
2009 17.06
2010 19.59
2011 15.40
2012 15.60
2013 18.91
2014 23.21
2015 16.43
2016 5.49
2017 13.07
2018 12.39
2019 8.84

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