Gross savings | Timor Leste
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Primary data
Change
Per capita
In constant 2015 dollars
In local currency (average annual exchange rate)
In local currency (end-of-year exchange rate)
Per capita (local currency)
Percent of GDP
Table
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Overview
The gross savings of Timor Leste in 2023 amounted to -35 million USD, which is 104.47% less than in 2022, when it was 774 million USD. It has been falling in this country for already 2 years in a row. Over the entire period of data from World Bank and OECD since 2006, this indicator has decreased 757million USD. The lowest gross savings recorded in 2023, when it was -35 million USD. The maximum savings value of Timor Leste was in 2011, when it reached 3 471 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.
