Gross national savings — all countries

Gross national savings — Venezuela

Gross national savings in Venezuela in 2016 — 25.2%. Ranked 51 in the world out of 164. Since 1970, the indicator has risen by 0.8 pp.

2016 25.2% −9.1 pp vs 2015
World rank 51of 164
Period maximum 100.7%2007
Period minimum 4.2%1983

Trend over time

1970–2016 · % of GDP

Gross national savings — Venezuela, 1970–201605010015019701975198019851990199520002005201020151970: 24.4%1971: 23.6%1972: 23.1%1973: 26%1974: 39.2%1975: 31%1976: 27.2%1977: 25.1%1978: 19.7%1979: 23.7%1980: 24.2%1981: 20%1982: 12.1%1983: 4.2%1984: 27.2%1985: 26.2%1986: 19.6%1987: 24%1988: 20.4%1989: 22.3%1990: 29.6%1991: 98.2%1992: 96.5%1993: 96.5%1994: 96.6%1995: 97.6%1996: 97.8%1997: 97%1998: 97%1999: 98.4%2000: 98.7%2001: 98.2%2002: 96.9%2003: 97.4%2004: 96.8%2005: 98.4%2006: 99.4%2007: 100.7%2008: 99.9%2009: 99%2010: 98.5%2011: 97.2%2012: 28.5%2013: 25.7%2014: 39.1%2015: 34.3%2016: 25.2%
Change over the period: +0.8 pp Annual average: 0.02 pp

Comparison, 2016

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 25.2%
World 25.8%
South America computed 15.7%
Gross national savings — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2016 25.2 −9.1 pp
2015 34.3 −4.7 pp
2014 39.1 +13.4 pp
2013 25.7 −2.9 pp
2012 28.5 −68.7 pp
2011 97.2 −1.3 pp
2010 98.5 −0.5 pp
2009 99 −0.9 pp
2008 99.9 −0.8 pp
2007 100.7 +1.3 pp
2006 99.4 +1 pp
2005 98.4 +1.6 pp
2004 96.8 −0.6 pp
2003 97.4 +0.5 pp
2002 96.9 −1.4 pp
2001 98.2 −0.4 pp
2000 98.7 +0.2 pp
1999 98.4 +1.4 pp
1998 97 +0 pp
1997 97 −0.7 pp
1996 97.8 +0.1 pp
1995 97.6 +1 pp
1994 96.6 +0.1 pp
1993 96.5 +0 pp
1992 96.5 −1.7 pp
1991 98.2 +68.6 pp
1990 29.6 +7.3 pp
1989 22.3 +1.9 pp
1988 20.4 −3.6 pp
1987 24 +4.3 pp
1986 19.6 −6.5 pp
1985 26.2 −1.1 pp
1984 27.2 +23.1 pp
1983 4.2 −8 pp
1982 12.1 −7.9 pp
1981 20 −4.3 pp
1980 24.2 +0.6 pp
1979 23.7 +4 pp
1978 19.7 −5.4 pp
1977 25.1 −2.2 pp
1976 27.2 −3.8 pp
1975 31 −8.2 pp
1974 39.2 +13.2 pp
1973 26 +2.8 pp
1972 23.1 −0.5 pp
1971 23.6 −0.8 pp
1970 24.4

About the indicator

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.