The Bermuda Gross savings (% of GDP) Forecast features the current 2024 estimates and 2025 projections for the country. The publisher projections are based on a global economic outlook model that includes data on all world countries (GDP, inflation).
Gross savings are calculated as gross national income less total consumption, plus net transfers. Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Gross savings are calculated as gross national income less total consumption, plus net transfers. Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Data from 2017-2022 is historical data, 2023-2025 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. These estimates are current (nominal) figures, not constant (real) figures. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).
Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.
Methodology
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