Saudi Arabia - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Saudi Arabia was 33.25 as of 2019. Its highest value over the past 48 years was 74.76 in 1974, while its lowest value was 8.42 in 1991.

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
1971 43.58
1972 47.14
1973 46.26
1974 74.76
1975 59.36
1976 59.84
1977 48.23
1978 34.74
1979 38.84
1980 51.75
1981 46.82
1982 32.33
1983 22.55
1984 18.74
1985 15.43
1986 12.14
1987 11.98
1988 14.99
1989 12.50
1990 14.63
1991 8.42
1992 16.53
1993 15.21
1994 15.31
1995 19.50
1996 22.15
1997 22.77
1998 16.62
1999 25.29
2000 30.12
2001 27.76
2002 29.07
2003 34.70
2004 41.86
2005 48.25
2006 48.02
2007 48.19
2008 51.84
2009 35.88
2010 42.99
2011 49.87
2012 48.21
2013 43.81
2014 38.09
2015 24.85
2016 26.59
2017 29.91
2018 32.90
2019 33.25

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