Gross Savings (As % of GNI) fell to 11.0% in Iraq in 2016

Gross Savings (As % of GNI) (%)
Economy | Iraq | May 17, 2019
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Gross savings as a percentage of GNI reached 11.0 % in 2016 in Iraq, according to the National Statistical Office. This is 33.6 % less than in the previous year.

Historically, gross savings as a percentage of GNI in Iraq reached an all time high of 52.4 % in 2008 and an all time low of 11.0 % in 2016. When compared to Iraq's main peers, gross savings as a percentage of GNI in Kuwait amounted to 22.9 % and 26.6 % in Saudi Arabia in 2016.

Iraq has been ranked 136th within the group of 156 countries we follow in terms of gross savings as a percentage of GNI, 119 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GNI) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bahrain % 32.0% 31.2% 28.4% 23.3% 25.5%
Iran % ... ... ... ... ... ... ... ... ...
Iraq % 44.9% 41.6% 27.7% 28.0% 16.6%
Jordan % 15.3% 11.8% 17.8% 20.9% 15.2%
Kuwait % 54.3% 55.0% 51.2% 45.8% 27.8%
Lebanon % 4.82% 1.33% 4.76% 1.43% 6.81%
Pakistan % 20.5% 19.5% 20.4% 21.4% 22.2%
Saudi Arabia % 49.9% 48.1% 43.6% 37.9% 25.0%
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 22.7% 23.0% 23.4% 24.6% 25.1%
Turkmenistan % ... ... ... ... ... ... ... ... ...
United Arab Emirates % ... ... ... ... ... ... ... ... ...
Yemen % 15.8% 22.9% 18.1% 22.0% 15.9% ... ...