The gross savings of Armenia in 2024 amounted to 5 332 million USD, which is 16.64% more than in 2023, when it was 4 571 million USD. It has been growing in this country for already 5 years in a row. Over the entire period of data from World Bank and OECD since 1993, this indicator has increased 5 397million USD. The lowest gross savings recorded in 1993, when it was -65 million USD. The maximum savings value of Armenia was in 2024, when it reached 5 332 million USD. Gross national savings is the total amount of income that a country’s residents save, rather than spend, during the year.
Additional infomation: About indicator
Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
