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

Adjusted savings: gross savings (% of GNI) in Norway was 31.92 as of 2019. Its highest value over the past 44 years was 42.11 in 2008, while its lowest value was 25.46 in 1992.

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
1975 30.42
1976 28.84
1977 26.56
1978 27.29
1979 27.61
1980 31.48
1981 32.14
1982 30.74
1983 31.22
1984 33.69
1985 32.69
1986 27.36
1987 27.24
1988 26.94
1989 27.87
1990 27.58
1991 26.33
1992 25.46
1993 25.51
1994 26.29
1995 27.93
1996 29.86
1997 31.55
1998 28.32
1999 30.35
2000 37.11
2001 36.42
2002 32.64
2003 31.40
2004 33.96
2005 38.41
2006 40.27
2007 39.73
2008 42.11
2009 35.40
2010 36.27
2011 38.29
2012 38.83
2013 37.93
2014 37.66
2015 34.33
2016 31.57
2017 32.62
2018 34.41
2019 31.92

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