Hong Kong, China vs Philippines: Gross savings
Gross savings over time
- Hong Kong, China
- Philippines
How they compare
Hong Kong, China currently reports 26.6% against 26.2% in Philippines, a difference of 0.4%.
The two have swapped places 10 times across 27 shared years of data; in 1998 it was Hong Kong, China ahead.
Hong Kong, China ranks 59th and Philippines ranks 61st of 178 countries.
Across the 4 decades both report, Hong Kong, China averaged higher in 2 and Philippines in 2.
Head to head by decade
| Decade | Hong Kong, China | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 30.5% | 28.9% | 1.6% | Hong Kong, China |
| 2000s | 32.3% | 32.9% | 0.7% | Philippines |
| 2010s | 25.8% | 32.2% | 6.4% | Philippines |
| 2020s | 24.9% | 22.8% | 2.0% | Hong Kong, China |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Hong Kong, China or Philippines?
- Hong Kong, China, at 26.6% against 26.2% in Philippines as of 2024.
- What is the difference in gross savings between Hong Kong, China and Philippines?
- 0.4%, with Hong Kong, China ahead.
- How many years of comparable data are there for Hong Kong, China and Philippines?
- 27 years are reported by both, from 1998 to 2024.
- How do Hong Kong, China and Philippines rank globally for gross savings?
- Hong Kong, China ranks 59th and Philippines ranks 61st 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.
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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.