Australia vs European Union: Gross domestic savings (current US$)
Gross domestic savings (current US$) over time
- Australia
- European Union
How they compare
European Union currently reports 5.48 trillion current US$ against 449.56 billion current US$ in Australia, a difference of 5.03 trillion current US$.
That makes European Union's figure about 12.2 times Australia's.
Across all 56 years both countries report, European Union has been ahead every year.
Australia ranks 16th and European Union ranks 16th of 188 countries.
European Union has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | European Union | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.89 billion current US$ | 405.75 billion current US$ | 381.86 billion current US$ | European Union |
| 1980s | 51.02 billion current US$ | 808.83 billion current US$ | 757.81 billion current US$ | European Union |
| 1990s | 87.46 billion current US$ | 1.77 trillion current US$ | 1.69 trillion current US$ | European Union |
| 2000s | 166.46 billion current US$ | 2.77 trillion current US$ | 2.61 trillion current US$ | European Union |
| 2010s | 355.93 billion current US$ | 3.67 trillion current US$ | 3.31 trillion current US$ | European Union |
| 2020s | 442.22 billion current US$ | 4.76 trillion current US$ | 4.32 trillion current US$ | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Australia or European Union?
- European Union, at 5.48 trillion current US$ against 449.56 billion current US$ in Australia as of 2025.
- What is the difference in gross domestic savings between Australia and European Union?
- 5.03 trillion current US$, with European Union ahead.
- How many years of comparable data are there for Australia and European Union?
- 56 years are reported by both, from 1970 to 2025.
- How do Australia and European Union rank globally for gross domestic savings?
- Australia ranks 16th and European Union ranks 16th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.