Gross national savings in OPEC in 2023 — 35.2%. Since 2005, the indicator has fallen by 25 pp.
2005–2023 · % of GDP
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | % | Change, pp |
|---|---|---|
| 2023 | 35.2 | — |
| 2016 | 25.9 | −1.7 pp |
| 2015 | 27.6 | −12.2 pp |
| 2014 | 39.7 | −2.5 pp |
| 2013 | 42.2 | −2.7 pp |
| 2012 | 45 | −13.8 pp |
| 2011 | 58.8 | −1.7 pp |
| 2010 | 60.5 | +5 pp |
| 2009 | 55.4 | −10.1 pp |
| 2008 | 65.5 | +2.9 pp |
| 2007 | 62.6 | −0.2 pp |
| 2006 | 62.7 | +2.6 pp |
| 2005 | 60.2 | — |
Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.
Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much a country puts in each year into buildings, equipment, infrastructure and inventories.
Economy Gross capital formation (% of GDP)Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Finance Current account balance (World Bank)The current account balance as a percent of GDP from World Bank data.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.