Adjusted savings: gross savings (% of GNI)
Countries By Adjusted savings: gross savings (% of GNI)
Key points
- Gross savings (% of GNI) reflects the percentage of a country's gross national income that is saved after accounting for public and private consumption, as well as net current transfers.
- Brunei leads the list with the highest adjusted savings at 49.42%, indicating a significant portion of its income is saved for future investments or economic stability.
- In contrast, Libya has the lowest adjusted savings at -14.16%, suggesting a deficit where the country is consuming more than its GNI, which may raise concerns about long-term economic sustainability.
- The average adjusted savings among the listed countries is 22.19%, showing a considerable variation in saving behaviors and economic policies globally.
- Countries with higher adjusted savings percentages, like Brunei and Vietnam, may have more resources available for capital investment, infrastructure development, or economic shocks compared to those with lower percentages, such as Libya and Guinea.
Official Definition of Adjusted savings: gross savings (% of GNI)
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Importance
Adjusted savings: gross savings (% of GNI) is a crucial macroeconomic statistic for a country as it reflects the nation's capacity to invest in future growth and development. A low value of this statistic indicates that the country is consuming a significant portion of its income, leaving less for savings and investment in infrastructure, education, healthcare, and other key areas. This can hinder long-term economic growth and sustainability.
On the other hand, a high value of adjusted savings: gross savings (% of GNI) suggests that the country is saving a substantial portion of its income. This excess savings can be utilized for productive investments, leading to improved infrastructure, technological advancements, and overall economic prosperity. It also provides a buffer during economic downturns or emergencies, enhancing the country's resilience.
Top 10 Countries by Adjusted savings: gross savings (% of GNI)
Bottom 10 Countries by Adjusted savings: gross savings (% of GNI)
Regions
Europe
Adjusted savings: gross savings (% of GNI) reflects the countries' ability to save from their gross national income after accounting for consumption and transfers. Ireland leads significantly with 48.5%, followed closely by Switzerland at 32.7% and Norway at 30.2%. These countries exhibit strong financial discipline and are well-prepared for future investments. On the other hand, Montenegro and Greece show the lowest values at 5.1% and 7.2% respectively, indicating potential economic vulnerabilities. High savings percentage can lead to increased capital for infrastructure and innovation, boosting long-term growth. However, overly high savings may suggest underinvestment in current needs, while low savings can imply reliance on external financing which may pose risks during economic downturns.
Far East: East Asia, SE Asia, Australia
Adjusted savings as a percentage of gross national income vary among the listed countries, with Brunei leading at 49.42% and Mongolia at the lowest with 18.01%. This indicates the amount each country saves after accounting for consumption and transfers. High savings, like Brunei's, can signal strong investment potential, economic stability, and future growth. However, excessive savings may imply underconsumption and hinder domestic demand. On the other hand, lower savings, such as Mongolia's, could suggest dependence on foreign capital or limited investment capacity. Overall, this statistic reflects each country's economic health, growth prospects, and ability to withstand shocks, influencing their development trajectory significantly.
ASEAN
Adjusted savings: gross savings (% of GNI) indicates the proportion of a country's gross national income that is saved after accounting for consumption and net transfers. Brunei leads the group with 49.42%, followed closely by Singapore at 46.40%, showcasing their strong financial discipline. Cambodia, Indonesia, Thailand, and Vietnam fall within a similar range of 28-34%, reflecting moderate saving habits. Malaysia and the Philippines have lower percentages, indicating higher consumption relative to income. While higher savings imply greater investment potential and economic resilience for Brunei and Singapore, they may also signify lower domestic consumption, impacting local businesses and growth.
Latin America
Adjusted savings: gross savings (% of GNI) reflects the financial prudence of nations, with Panama leading at 27.13% and Bolivia at the lowest with 12.63%. Ecuador, Mexico, and Nicaragua exhibit strong savings habits above 24%, indicating potential economic resilience. However, high savings rates like Panama's may imply low domestic consumption, whereas lower rates in Bolivia could signify less fund allocation to future investments. This statistic suggests that countries with higher savings percentages may have more resources for developmental projects and weather economic downturns better, whereas those with lower percentages may prioritize immediate consumption over long-term sustainability.
Middle East
The statistic "Adjusted savings: gross savings (% of GNI)" reveals significant variations among the listed countries. Qatar stands out with a notably high percentage of 42.68%, indicating a robust capacity for saving relative to its gross national income. On the other hand, Lebanon shows a concerning low value of 2.52%, implying potential struggles in accumulating savings. Higher savings percentages, such as in Algeria and Turkey, can indicate financial stability and future investment potential. However, countries like Libya, with a negative value of -14.16%, may struggle with economic challenges or mismanagement. This statistic plays a crucial role in each country's development by reflecting their economic resilience, potential for investments, and overall financial health.
Rivals
Anglosphere v BRICS
Australia shows a moderate level of gross savings at 24.22% of GNI, indicating a stable economic environment. In contrast, Brazil and South Africa exhibit lower levels at 14.98% and 14.49% respectively, potentially signaling higher consumption rates and lower investment. China leads with 44.28%, showing robust financial discipline and investment capacity. While India and the Russian Federation maintain healthy savings at 28.93% and 26.87% respectively, they may still face challenges in leveraging these savings for optimal development. The United States, Canada, and the United Kingdom fall in the middle range, around 19%, suggesting a balanced approach to savings and investment. Advantages include potential for future growth and stability, while disadvantages may include limited immediate consumption. This statistic directly influences a country's development by reflecting its ability to invest in infrastructure, education, and innovation, shaping its long-term economic prospects and competitiveness.
Russia v Ukraine
Adjusted savings as a percentage of Gross National Income (GNI) for the Russian Federation stands at 26.87%, while for Ukraine it is 11.96%. The difference in this statistic highlights that the Russian Federation has a significantly higher level of gross savings compared to Ukraine. For Russia, this indicates a relatively strong capacity for investment and future economic stability, but it may also signify a lower level of consumption, potentially impacting immediate economic growth. Conversely, Ukraine's lower percentage suggests higher consumption levels but could indicate less capacity for long-term investment and economic resilience. Ultimately, the impact of this statistic on each country's development lies in the balance they strike between current consumption and future savings, influencing their economic trajectories accordingly.
France v United Kingdom
France has a relatively higher Adjusted savings: gross savings (% of GNI) at 21.11% compared to the United Kingdom's 14.38%. This indicates that France is able to save a larger portion of its gross national income after accounting for consumption and transfers, reflecting a stronger financial position. However, the United Kingdom lags behind in this indicator, suggesting potentially lower levels of savings for future investments. For France, this statistic implies greater financial stability and potential for future economic growth, while the United Kingdom may face challenges in building reserves for development projects and unforeseen circumstances.
India v Pakistan
India's gross savings amount to 28.93% of its Gross National Income (GNI), highlighting a strong propensity for saving compared to Pakistan, where gross savings stand at 14.81% of GNI. India's higher savings rate suggests a more robust capacity for investment and economic growth in the long term, while Pakistan's lower rate may indicate challenges in accumulating capital for development projects. India benefits from a larger pool of domestic savings for infrastructure and innovation, but this could also lead to less immediate consumption, potentially affecting short-term demand. In contrast, Pakistan may face limitations in funding key developmental initiatives with lower savings, but could potentially spur consumption and stimulate economic activity to drive growth.
Turkey v Greece
In terms of adjusted savings as a percentage of GNI, Greece stands at 7.17% while Turkey is notably higher at 27.13%. This indicates that Turkey has a significantly higher gross savings relative to its gross national income compared to Greece. For Greece, the lower percentage may suggest challenges in accumulating savings, potentially affecting its ability to invest in long-term development projects. Conversely, Turkey's higher percentage signifies a stronger capacity for investment and potential economic growth. However, an overemphasis on savings could lead to underconsumption in the Turkish economy, while Greece may struggle with limited resources for essential development initiatives due to lower savings.
China v Japan
China, People's Republic of, demonstrates a higher adjusted savings rate at 44.28% of Gross National Income (GNI) compared to Japan's 27.33%. This indicates that China is allocating a larger portion of its income towards savings, reflecting a focus on investment and future economic stability. However, this could also suggest lower consumption levels, potentially impacting domestic demand. In contrast, Japan's lower savings rate may indicate higher consumption, which can drive immediate economic growth but might lead to lower resilience in times of economic downturns. For China, this high savings rate could support long-term development projects but might constrain immediate consumption-led growth. In contrast, Japan's lower savings could boost current economic activity but leave it more vulnerable in the long run.
FAQs
- Which country has the most Adjusted savings: gross savings (% of GNI)?
Brunei has the highest Adjusted savings with a value of 49.42% of GNI. - Which country has the least Adjusted savings: gross savings (% of GNI)?
Libya has the least Adjusted savings with a negative value of -14.16% of GNI. - What is the average Adjusted savings: gross savings (% of GNI) among the listed
countries?
The average Adjusted savings across all listed countries is 22.19% of GNI.