North Macedonia - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in North Macedonia was 32.95 as of 2019. Its highest value over the past 23 years was 33.86 in 2018, while its lowest value was 3.96 in 1998.

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
1996 12.33
1997 6.10
1998 3.96
1999 7.39
2000 22.31
2001 12.74
2002 13.22
2003 15.91
2004 14.66
2005 18.88
2006 21.99
2007 18.50
2008 16.40
2009 20.56
2010 24.14
2011 26.34
2012 27.25
2013 28.04
2014 30.30
2015 29.40
2016 31.28
2017 32.92
2018 33.86
2019 32.95

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