Pacific island small states - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Pacific island small states was 24.53 as of 2014. Its highest value over the past 34 years was 32.76 in 2004, while its lowest value was 10.89 in 1990.

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
1980 28.10
1981 22.49
1982 21.82
1983 17.65
1984 20.37
1985 19.46
1986 23.59
1987 18.46
1988 17.45
1989 11.95
1990 10.89
1991 11.91
1992 14.22
1993 15.57
1994 16.25
1997 11.51
1998 15.12
1999 22.84
2000 18.53
2001 18.35
2002 25.70
2003 31.34
2004 32.76
2005 14.29
2006 11.47
2007 15.42
2008 12.34
2009 14.57
2010 15.52
2011 16.57
2012 16.67
2014 24.53

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