Australia vs Canada: Gross savings
Gross savings over time
- Australia
- Canada
How they compare
Canada currently reports 22.2% against 22.2% in Australia, a difference of 0.0%.
The two have swapped places 5 times across 37 shared years of data; in 1989 it was Australia ahead.
Australia ranks 93rd and Canada ranks 91st of 178 countries.
Across the 5 decades both report, Australia averaged higher in 4 and Canada in 1.
Head to head by decade
| Decade | Australia | Canada | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 25.7% | 20.1% | 5.5% | Australia |
| 1990s | 21.1% | 17.8% | 3.3% | Australia |
| 2000s | 21.6% | 23.0% | 1.4% | Canada |
| 2010s | 22.4% | 20.3% | 2.1% | Australia |
| 2020s | 23.7% | 22.0% | 1.7% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Australia or Canada?
- Canada, at 22.2% against 22.2% in Australia as of 2025.
- What is the difference in gross savings between Australia and Canada?
- 0.0%, with Canada ahead.
- How many years of comparable data are there for Australia and Canada?
- 37 years are reported by both, from 1989 to 2025.
- How do Australia and Canada rank globally for gross savings?
- Australia ranks 93rd and Canada ranks 91st of 178 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.