Savings investment gap deteriorating - Ekonomie

PHILLEPUS UUSIKU
For the past 7 years, except for 2020, Gross Fixed Capital Formation (GFCF) or investment was consistently higher than gross savings.
According to the Namibia Statistics Agency (NSA), this is a reflection of capital outflows from the domestic economy to the rest of the world economy.
Gross savings is the difference between disposable income and final consumption expenditure. Hence, the more a country spends its national income on consumption, the less resources are available for investment and savings, and consequently, for future production.
For the period of 2013 to 2020, final consumption expenditure has on average accounted for 95.5% of the Gross Domestic Product (GDP), NSA pointed out.

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