Libya vs Mongolia: Gross savings
Gross savings over time
- Libya
- Mongolia
How they compare
Libya currently reports 25.9% against 25.6% in Mongolia, a difference of 0.3%.
The two have swapped places 9 times across 34 shared years of data; in 1990 it was Libya ahead.
Libya ranks 61st and Mongolia ranks 64th of 177 countries.
Across the 4 decades both report, Libya averaged higher in 2 and Mongolia in 2.
Head to head by decade
| Decade | Libya | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.0% | 34.1% | 17.1% | Mongolia |
| 2000s | 48.4% | 29.4% | 19.0% | Libya |
| 2010s | 24.1% | 22.8% | 1.3% | Libya |
| 2020s | 21.8% | 24.3% | 2.5% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Libya or Mongolia?
- Libya, at 25.9% against 25.6% in Mongolia as of 2023.
- What is the difference in gross savings between Libya and Mongolia?
- 0.3%, with Libya ahead.
- How many years of comparable data are there for Libya and Mongolia?
- 34 years are reported by both, from 1990 to 2023.
- How do Libya and Mongolia rank globally for gross savings?
- Libya ranks 61st and Mongolia ranks 64th of 177 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.