Gross national saving: 28.5% of GDP (2019 est.)
26.9% of GDP (2018 est.)
26.3% of GDP (2017 est.)
Definition: Gross national saving is derived by deducting final consumption expenditure (household plus government) from Gross national disposable income, and consists of personal saving, plus business saving (the sum of the capital consumption allowance and retained business profits), plus government saving (the excess of tax revenues over expenditures), but excludes foreign saving (the excess of imports of goods and services over exports). The figures are presented as a percent of GDP. A negative number indicates that the economy as a whole is spending more income than it produces, thus drawing down national wealth (dissaving).
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021
