Selected papers~ SPECIAL EDITION - Index of

Households Non-financial corporations Financial
corporations
Government Total
S(E) I Net S(E) I Net S(E) I Net S(E) I Net S(E) I Net
Ireland 3 4.9 7.4 -2.5 9.4 8.9 0.6 2.2 0.4 1.8 3.9 4.3 -0.3 20.5 20.9 -0.4
Spain 7.5 7.4 0.1 10.3 15.3 -5.0 1.5 0.4 1.1 3.0 3.2 -0.1 22.3 26.3 -4.0
Portugal 7.5 8.8 -1.2 8.0 15.4 -7.4 1.7 0.7 1.0 0.5 3.7 -3.1 17.8 28.5 -10.7
Greece 2.4 11.5 -9.1 8.3 7.8 0.6 0.7 0.4 0.3 -0.2 3.6 -3.8 11.3 23.3 -12.0
Hard peg -1.1 2.2 -3.3 13.4 17.6 -4.2 1.8 0.7 1.1 3.1 2.6 0.5 17.2 23.0 -5.8
Lithuania 4.5 3.7 0.9 5.6 12.5 -6.9 1.3 0.4 1.0 1.5 2.4 -0.8 13.0 18.9 -5.9
Estonia 2.3 3.4 -1.0 16.0 21.2 -5.1 1.5 0.3 1.2 3.5 3.8 -0.3 23.4 28.7 -5.3
Latvia 1.5 1.4 0.2 14.4 19.9 -5.5 2.7 1.1 1.6 0.2 1.4 -1.1 18.9 23.7 -4.8
Bulgaria 4 -9.3 0.8 -10.1 18.8 19.2 -0.4 1.6 0.8 0.8 6.1 2.9 3.2 17.3 23.8 -6.5
Changes in 2007 compared to 2000 (percentage points of GDP)
Countries with surplus 0.6 -0.7 1.3 3.7 -1.0 4.8 -0.5 -0.4 -0.1 0.4 -0.2 0.6 4.2 -2.4 6.6
Nederland 0.0 0.4 -0.4 3.2 -1.1 4.3 -1.6 -1.1 -0.5 -1.1 0.2 -1.3 0.4 -1.6 2.0
Germany 1.0 -1.3 2.3 4.5 -1.4 5.9 -0.5 -0.4 -0.2 0.8 -0.3 1.2 5.8 -3.5 9.3
Finland -0.4 1.0 -1.5 0.2 0.9 -0.6 0.5 0.1 0.5 -1.7 0.0 -1.8 -1.4 2.0 -3.4
Austria 1.4 -0.4 1.8 0.7 0.0 0.7 0.2 -0.3 0.5 1.3 -0.4 1.6 3.6 -1.1 4.7
Belgium -0.6 0.9 -1.5 1.2 -0.1 1.3 0.4 -0.1 0.5 -0.8 -0.3 -0.5 0.1 0.3 -0.3
Countries with deficit 1
-0.2 1.3 -3.7 -2.0 0.9 0.2 0.2 -0.1 0.1 0.8 0.3 0.5 -1.1 2.3 -3.5
Italy 0.3 0.4 -0.1 -2.2 0.9 -3.2 0.5 -0.2 0.6 1.0 0.0 1.0 -0.5 1.2 -1.7
France 0.4 1.3 -0.9 -0.4 0.3 -0.7 -0.6 -0.1 -0.5 -1.0 0.2 -1.2 -1.6 1.7 -3.3
Ireland -1.6 4.7 -6.3 -0.1 0.9 -1.0 2.7 0.2 2.4 0.2 0.4 -0.2 1.2 6.3 -5.1
Spain -0.6 2.3 -2.9 -5.1 1.8 -6.9 0.6 -0.3 0.9 3.8 0.9 3.0 -1.3 4.7 -6.0
Portugal -2.6 -3.0 0.4 -2.4 -1.7 -0.6 0.9 0.3 0.6 -1.0 -1.2 0.2 -5.0 -5.6 0.6
Greece -3.5 -2.1 -1.4 2.4 -0.5 2.9 1.2 -0.1 1.3 -2.4 -0.8 -1.5 -2.3 -3.6 1.3
Hard peg -5.3 2.6 -7.9 2.5 8.4 -5.8 -0.5 -0.5 0.0 2.9 2.8 0.1 -0.3 13.3 -13.6
Lithuania -7.7 0.2 -8.0 8.3 9.1 -0.8 0.1 -0.2 0.4 2.1 2.9 -0.8 2.8 12.0 -9.2
Estonia -3.3 5.1 -8.4 -0.6 4.9 -5.5 -1.7 -0.4 -1.3 4.1 1.3 2.8 -1.4 11.0 -12.4
Latvia -4.5 3.6 -8.1 -2.0 9.2 -11.3 0.2 -1.1 1.4 5.5 5.0 0.5 -0.8 16.7 -17.5
Bulgaria -5.6 2.7 -8.3 2.2 8.8 -6.6 -1.0 -0.4 -0.5 1.5 2.0 -0.5 -3.0 13.0 -16.0
Source: Eurostat IMF, World Economic Outlook database and IMF staff calculations
1Exclusively Greece, 2 2006, 3 2002, 4 2004
Note: E represents gross savings; I – gross investments; Net = E-I
Country groups averages are weighted with weights of nominal GDP in 2000 and 2007.
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