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

Adjusted savings: gross savings (% of GNI) in Singapore was 47.19 as of 2019. Its highest value over the past 47 years was 51.32 in 2007, while its lowest value was 25.92 in 1973.

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
1972 26.36
1973 25.92
1974 26.56
1975 29.39
1976 30.24
1977 30.55
1978 32.53
1979 35.58
1980 35.66
1981 38.05
1982 39.20
1983 42.77
1984 44.37
1985 41.23
1986 39.78
1987 38.87
1988 41.93
1989 43.03
1990 44.18
1991 45.66
1992 46.97
1993 45.33
1994 48.03
1995 50.23
1996 49.23
1997 51.30
1998 50.60
1999 48.36
2000 46.66
2001 40.35
2002 39.21
2003 40.47
2004 43.23
2005 46.24
2006 49.51
2007 51.32
2008 46.05
2009 46.26
2010 51.14
2011 50.55
2012 49.45
2013 48.11
2014 49.00
2015 47.27
2016 47.65
2017 49.11
2018 48.59
2019 47.19

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