North Macedonia: Savings, percent of GDP
* indicates monthly or quarterly data series
North Macedonia |
Savings as percent of GDP |
---|---|
Latest value | 24.55 |
Year | 2023 |
Measure | percent |
Data availability | 1996 - 2023 |
Average | 21.48 |
Min - Max | 3.88 - 32.72 |
Source | The World Bank |
The latest value from 2023 is 24.55 percent, a decline from 29.83 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for North Macedonia from 1996 to 2023 is 21.48 percent. The minimum value, 3.88 percent, was reached in 1998 while the maximum of 32.72 percent was recorded in 2018.
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The savings in North Macedonia 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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Share of industry | 21.36 | 2023 | percent |
Share of manufacturing | 12.39 | 2023 | percent |
Share of services | 58.24 | 2023 | percent |
Industry value added | 3.15 | 2023 | billion U.S. dollars |
Manufacturing value added | 1.83 | 2023 | billion U.S. dollars |
Services value added | 8.60 | 2023 | billion U.S. dollars |
Savings, percent of GDP | 24.55 | 2023 | percent |
Savings, in dollars | 3.62 | 2023 | billion U.S. dollars |