European Union vs Panama: Gross savings
Gross savings over time
- European Union
- Panama
How they compare
Panama currently reports 34.9% against 23.5% in European Union, a difference of 11.4%.
That makes Panama's figure about 1.5 times European Union's.
The two have swapped places 8 times across 40 shared years of data; in 1977 it was Panama ahead.
European Union ranks 24th and Panama ranks 27th of 46 groups.
Across the 6 decades both report, European Union averaged higher in 2 and Panama in 4.
Head to head by decade
| Decade | European Union | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.6% | 28.2% | 4.5% | Panama |
| 1980s | 22.1% | 18.7% | 3.5% | European Union |
| 1990s | 23.3% | 19.2% | 4.1% | European Union |
| 2000s | 22.8% | 24.3% | 1.5% | Panama |
| 2010s | 23.3% | 33.6% | 10.3% | Panama |
| 2020s | 25.1% | 32.7% | 7.7% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, European Union or Panama?
- Panama, at 34.9% against 23.5% in European Union as of 2024.
- What is the difference in gross savings between European Union and Panama?
- 11.4%, with Panama ahead.
- How many years of comparable data are there for European Union and Panama?
- 40 years are reported by both, from 1977 to 2024.
- How do European Union and Panama rank globally for gross savings?
- European Union ranks 24th and Panama ranks 27th of 46 groups.
- 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.
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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 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.