Venezuela - Gross savings (% of GDP)
Gross savings (% of GDP) in Venezuela was 8.94 as of 2014. Its highest value over the past 44 years was 40.70 in 2006, while its lowest value was 4.15 in 1983.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 24.40 |
| 1971 | 23.57 |
| 1972 | 23.11 |
| 1973 | 25.96 |
| 1974 | 39.20 |
| 1975 | 30.99 |
| 1976 | 27.22 |
| 1977 | 25.07 |
| 1978 | 19.67 |
| 1979 | 23.69 |
| 1980 | 24.25 |
| 1981 | 19.97 |
| 1982 | 12.11 |
| 1983 | 4.15 |
| 1984 | 27.24 |
| 1985 | 26.19 |
| 1986 | 19.64 |
| 1987 | 23.98 |
| 1988 | 20.39 |
| 1989 | 22.28 |
| 1990 | 29.55 |
| 1991 | 24.47 |
| 1992 | 20.20 |
| 1993 | 17.69 |
| 1994 | 21.85 |
| 1995 | 23.51 |
| 1996 | 31.70 |
| 1997 | 31.96 |
| 1998 | 25.95 |
| 1999 | 28.71 |
| 2000 | 34.47 |
| 2001 | 29.08 |
| 2002 | 30.32 |
| 2003 | 29.75 |
| 2004 | 35.66 |
| 2005 | 40.64 |
| 2006 | 40.70 |
| 2007 | 37.14 |
| 2008 | 36.56 |
| 2009 | 22.41 |
| 2010 | 31.43 |
| 2011 | 30.54 |
| 2012 | 25.63 |
| 2013 | 19.03 |
| 2014 | 8.94 |
Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
