Guyana: Savings, percent of GDP

The latest value from 2005 is 17.48 percent, a decline from 19.29 percent in 2004. In comparison, the world average is 23.93 percent, based on data from 146 countries. Historically, the average for Guyana from 1977 to 2005 is 10.38 percent. The minimum value, -11.75 percent, was reached in 1983 while the maximum of 24.19 percent was recorded in 1996. See the global rankings for that indicator or use the country comparator to compare trends over time.

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

Definition: Savings is an amount that represents the part of disposable income (adjusted for thechange in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.