Iceland: Savings, percent of GDP

Iceland: Savings as percent of GDP

: For that indicator, The World Bank provides data for Iceland from 1976 to 2016. The average value for Iceland during that period was 19.14 percent with a minumum of 3.24 percent in 2008 and a maximum of 30.66 percent in 1977. See the global rankings for that indicator or use the country comparator to compare trends over time.

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

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.