- Name
- Gross national savings
- Indicator purpose
- Gross National Savings (National Income (Y) less Consumption Expenditure Less Government Expenditure (G)).
- Abstract
- Gross national savings is an economic indicator and is used to measure and evaluate the wealth of a country.
- Contact organization / person
- Statistical Institute of Belize (SIB)
- Unit of measure
- Percentage (%) of GDP
- Other characteristics
- N/A
- Classification used
- Gross national savings is an economic indicator and is used to measure and evaluate the wealth of a country.
GNS gives a measure of national wealth. The final figure is represented as a percentage of GDP. If it is negative, it means that the economy in its entirety is spending more than it is producing. Therefore, national wealth is reduced.
- Disaggregation
- 1 year
- Key statistical concepts
- Calculation can be done in the following way: S=Y-C-G
where Y - National Income (GDP)
C- Consumption
G- Government Spending
S- National Savings
- Recommended uses
- GNS evaluates a country’s wealth. Therefore, it is important because savings contribute to economic development. Governments can formulate policies to boost national savings and in effect, improve national economic development.
- Other comments
- National Savings of zero means that consumption and government spending were equivalent to national income.
- Baseline
- 5.6% (2015)
- Target 2020
- 15%
- Target 2030
- 20%
