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