Australia vs North America: Gross domestic savings
Gross domestic savings over time
- Australia
- North America
How they compare
North America currently reports 5.94 trillion current US$ against 449.56 billion current US$ in Australia, a difference of 5.49 trillion current US$.
That makes North America's figure about 13.2 times Australia's.
Across all 55 years both countries report, North America has been ahead every year.
Australia ranks 16th and North America ranks 15th of 187 countries.
North America has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.89 billion current US$ | 428.35 billion current US$ | 404.46 billion current US$ | North America |
| 1980s | 51.02 billion current US$ | 988.71 billion current US$ | 937.70 billion current US$ | North America |
| 1990s | 87.46 billion current US$ | 1.67 trillion current US$ | 1.59 trillion current US$ | North America |
| 2000s | 166.46 billion current US$ | 2.47 trillion current US$ | 2.30 trillion current US$ | North America |
| 2010s | 355.93 billion current US$ | 3.57 trillion current US$ | 3.21 trillion current US$ | North America |
| 2020s | 440.75 billion current US$ | 5.21 trillion current US$ | 4.77 trillion current US$ | North America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Australia or North America?
- North America, at 5.94 trillion current US$ against 449.56 billion current US$ in Australia as of 2024.
- What is the difference in gross domestic savings between Australia and North America?
- 5.49 trillion current US$, with North America ahead.
- How many years of comparable data are there for Australia and North America?
- 55 years are reported by both, from 1970 to 2024.
- How do Australia and North America rank globally for gross domestic savings?
- Australia ranks 16th and North America ranks 15th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (current US$). 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.