West Bank and Gaza - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in West Bank and Gaza was 13.19 as of 2018. Its highest value over the past 23 years was 24.58 in 2008, while its lowest value was -6.20 in 2004.

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
1995 7.19
1996 5.44
1997 5.01
1998 8.18
1999 7.78
2000 10.41
2001 8.66
2002 11.72
2003 1.44
2004 -6.20
2005 -0.92
2006 1.12
2007 15.03
2008 24.58
2009 7.60
2010 7.26
2011 -0.46
2012 6.51
2013 6.76
2014 7.36
2015 10.15
2016 10.22
2017 12.69
2018 13.19

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