Hong Kong vs Latin America & Caribbean (excluding high income): Gross savings
Gross savings over time
- Hong Kong
- Latin America & Caribbean (excluding high income)
How they compare
Hong Kong currently reports 29.2% against 16.2% in Latin America & Caribbean (excluding high income), a difference of 13.0%.
That makes Hong Kong's figure about 1.8 times Latin America & Caribbean (excluding high income)'s.
Across all 27 years both countries report, Hong Kong has been ahead every year.
Hong Kong ranks 44th and Latin America & Caribbean (excluding high income) ranks 41st of 178 countries.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Hong Kong | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 31.1% | 20.9% | 10.2% | Hong Kong |
| 2000s | 33.0% | 22.7% | 10.3% | Hong Kong |
| 2010s | 26.5% | 18.3% | 8.2% | Hong Kong |
| 2020s | 26.8% | 17.4% | 9.4% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Hong Kong or Latin America & Caribbean (excluding high income)?
- Hong Kong, at 29.2% against 16.2% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in gross savings between Hong Kong and Latin America & Caribbean (excluding high income)?
- 13.0%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Latin America & Caribbean (excluding high income)?
- 27 years are reported by both, from 1998 to 2024.
- How do Hong Kong and Latin America & Caribbean (excluding high income) rank globally for gross savings?
- Hong Kong ranks 44th and Latin America & Caribbean (excluding high income) ranks 41st 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.
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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.