Venezuela: Savings, percent of GDP
* indicates monthly or quarterly data series
| Venezuela |
Savings as percent of GDP |
|---|---|
| Latest value | 8.94 |
| Year | 2014 |
| Measure | percent |
| Data availability | 1970 - 2014 |
| Average | 26.02 |
| Min - Max | 4.15 - 40.70 |
| Source | The World Bank |
The latest value from 2014 is 8.94 percent, a decline from 19.03 percent in 2013. In comparison, the world average is 21.95 percent, based on data from 160 countries. Historically, the average for Venezuela from 1970 to 2014 is 26.02 percent. The minimum value, 4.15 percent, was reached in 1983 while the maximum of 40.7 percent was recorded in 2006.
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* indicates monthly or quarterly data series
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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:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 37.24 | 2014 | percent |
| Share of manufacturing | 12.07 | 2014 | percent |
| Share of services | 51.67 | 2014 | percent |
| Industry value added | 179.65 | 2014 | billion U.S. dollars |
| Manufacturing value added | 58.24 | 2014 | billion U.S. dollars |
| Services value added | 249.22 | 2014 | billion U.S. dollars |
| Savings, percent of GDP | 8.94 | 2014 | percent |
| Savings, in dollars | 43.12 | 2014 | billion U.S. dollars |