Belgium vs Iceland: Gross savings
Gross savings over time
- Belgium
- Iceland
How they compare
Belgium currently reports 23.4% against 23.0% in Iceland, a difference of 0.4%.
The two have swapped places 2 times across 24 shared years of data; in 2002 it was Belgium ahead.
Belgium ranks 85th and Iceland ranks 88th of 178 countries.
Belgium has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Belgium | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 26.5% | 14.0% | 12.6% | Belgium |
| 2010s | 23.7% | 21.4% | 2.2% | Belgium |
| 2020s | 24.6% | 22.7% | 2.0% | Belgium |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Belgium or Iceland?
- Belgium, at 23.4% against 23.0% in Iceland as of 2025.
- What is the difference in gross savings between Belgium and Iceland?
- 0.4%, with Belgium ahead.
- How many years of comparable data are there for Belgium and Iceland?
- 24 years are reported by both, from 2002 to 2025.
- How do Belgium and Iceland rank globally for gross savings?
- Belgium ranks 85th and Iceland ranks 88th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.