North Macedonia - Gross savings (% of GDP)

Gross savings (% of GDP) in North Macedonia was 26.34 as of 2020. Its highest value over the past 24 years was 32.44 in 2018, while its lowest value was 3.88 in 1998.

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
1996 12.20
1997 6.05
1998 3.88
1999 7.25
2000 21.90
2001 12.65
2002 13.06
2003 15.71
2004 14.57
2005 18.55
2006 21.90
2007 17.64
2008 16.20
2009 20.42
2010 23.80
2011 25.87
2012 26.66
2013 27.38
2014 29.73
2015 28.48
2016 30.03
2017 31.62
2018 32.44
2019 31.53
2020 26.34

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