Eritrea: Savings, percent of GDP

The latest value from 2000 is 15.82 percent, a decline from 17.32 percent in 1999. In comparison, the world average is 22.26 percent, based on data from 127 countries. Historically, the average for Eritrea from 1992 to 2000 is 30.74 percent. The minimum value, 6.29 percent, was reached in 1998 while the maximum of 68.48 percent was recorded in 1992. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Eritrea and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Savings is an amount that represents the part of disposable income (adjusted for thechange in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.