North America - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in North America was 18.62 as of 2019. Its highest value over the past 49 years was 23.67 in 1973, while its lowest value was 14.48 in 2009.

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 21.52
1971 21.50
1972 22.03
1973 23.67
1974 22.74
1975 20.97
1976 21.58
1977 22.10
1978 23.23
1979 23.56
1980 22.32
1981 23.38
1982 21.52
1983 19.97
1984 21.91
1985 20.55
1986 19.25
1987 19.81
1988 20.65
1989 19.98
1990 18.90
1991 18.70
1992 17.64
1993 17.21
1994 18.10
1995 18.96
1996 19.73
1997 20.81
1998 21.16
1999 20.89
2000 20.83
2001 19.64
2002 18.47
2003 17.75
2004 18.17
2005 18.65
2006 19.48
2007 18.18
2008 16.26
2009 14.48
2010 15.83
2011 16.78
2012 18.64
2013 19.17
2014 20.10
2015 19.78
2016 18.48
2017 18.49
2018 18.51
2019 18.62

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