Belgium - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Belgium was 24.99 as of 2019. Its highest value over the past 17 years was 28.38 in 2007, while its lowest value was 23.46 in 2011.

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
2002 25.92
2003 25.73
2004 26.82
2005 26.98
2006 27.45
2007 28.38
2008 26.77
2009 24.54
2010 24.97
2011 23.46
2012 24.17
2013 23.65
2014 24.07
2015 24.66
2016 24.58
2017 24.93
2018 24.52
2019 24.99

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