European Union vs Ireland: Gross savings
Gross savings over time
- European Union
- Ireland
How they compare
Ireland currently reports 34.9% against 24.0% in European Union, a difference of 10.9%.
That makes Ireland's figure about 1.5 times European Union's.
The two have swapped places 2 times across 20 shared years of data; in 2005 it was Ireland ahead.
European Union ranks 23rd and Ireland ranks 25th of 42 groups.
Across the 3 decades both report, European Union averaged higher in 1 and Ireland in 2.
Head to head by decade
| Decade | European Union | Ireland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 23.1% | 22.5% | 0.6% | European Union |
| 2010s | 23.4% | 26.6% | 3.2% | Ireland |
| 2020s | 25.0% | 34.1% | 9.2% | Ireland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, European Union or Ireland?
- Ireland, at 34.9% against 24.0% in European Union as of 2024.
- What is the difference in gross savings between European Union and Ireland?
- 10.9%, with Ireland ahead.
- How many years of comparable data are there for European Union and Ireland?
- 20 years are reported by both, from 2005 to 2024.
- How do European Union and Ireland rank globally for gross savings?
- European Union ranks 23rd and Ireland ranks 25th of 42 groups.
- 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.