Gross savings as a percentage of GNI reached 9.04 % in 2014 in Venezuela, according to the National Statistical Office. This is 54.0 % less than in the previous year.
Historically, gross savings as a percentage of GNI in Venezuela reached an all time high of 41.3 % in 2005 and an all time low of 4.29 % in 1983. When compared to Venezuela's main peers, gross savings as a percentage of GNI in Brazil amounted to 16.3 %, 18.3 % in Colombia, 14.5 % in Guyana and 14.4 % in Trinidad and Tobago in 2014.
Venezuela has been ranked 149th within the group of 159 countries we follow in terms of gross savings as a percentage of GNI, 132 places behind the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.