Small states - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Small states was 34.52 as of 2019. Its highest value over the past 29 years was 43.50 in 2012, while its lowest value was 22.12 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
1990 25.95
1991 22.78
1992 22.12
1993 23.38
1994 23.45
1995 23.54
1996 24.23
1997 23.73
1998 22.23
1999 22.48
2001 24.10
2002 25.09
2003 25.24
2004 25.18
2011 42.14
2012 43.50
2013 42.36
2014 41.06
2015 34.05
2016 31.78
2017 33.84
2018 35.56
2019 34.52

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