South Africa - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in South Africa was 15.38 as of 2019. Its highest value over the past 49 years was 33.71 in 1980, while its lowest value was 15.03 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
1970 26.69
1971 25.07
1972 26.50
1973 30.78
1974 33.04
1975 27.35
1976 26.42
1977 26.91
1978 27.97
1979 29.75
1980 33.71
1981 29.12
1982 25.42
1983 24.43
1984 22.98
1985 23.31
1986 22.13
1987 20.33
1988 20.28
1989 21.03
1990 16.74
1991 16.92
1992 16.31
1993 16.74
1994 16.09
1995 17.22
1996 16.01
1997 15.11
1998 15.03
1999 15.35
2000 15.87
2001 15.37
2002 17.95
2003 17.65
2004 16.67
2005 15.99
2006 17.57
2007 17.22
2008 17.96
2009 17.88
2010 18.40
2011 18.00
2012 15.53
2013 15.78
2014 16.09
2015 16.89
2016 17.00
2017 16.64
2018 15.37
2019 15.38

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