Venezuela: Savings, percent of GDP
* indicates monthly or quarterly data series
| Venezuela |
Savings as percent of GDP |
|---|---|
| Latest value | 25.22 |
| Year | 2016 |
| Measure | percent |
| Data availability | 1970 - 2016 |
| Average | 57.50 |
| Min - Max | 4.15 - 100.73 |
| Source | The World Bank |
The latest value from 2016 is 25.22 percent, a decline from 34.33 percent in 2015. In comparison, the world average is 21.57 percent, based on data from 159 countries. Historically, the average for Venezuela from 1970 to 2016 is 57.5 percent. The minimum value, 4.15 percent, was reached in 1983 while the maximum of 100.73 percent was recorded in 2007.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
The savings in Venezuela 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.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 48.63 | 2011 | percent |
| Share of manufacturing | 11.65 | 2011 | percent |
| Share of services | 38.64 | 2011 | percent |
| Industry value added | 0.00 | 2011 | billion U.S. dollars |
| Manufacturing value added | 0.00 | 2011 | billion U.S. dollars |
| Services value added | 0.00 | 2011 | billion U.S. dollars |
| Savings, percent of GDP | 25.22 | 2016 | percent |
| Savings, in dollars | 28.46 | 2016 | billion U.S. dollars |