Japan vs Latin America & the Caribbean (IDA & IBRD countries): Gross savings
Gross savings over time
- Japan
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Japan currently reports 30.2% against 17.5% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 12.7%.
That makes Japan's figure about 1.7 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 29 years both countries report, Japan has been ahead every year.
Japan ranks 38th and Latin America & the Caribbean (IDA & IBRD countries) ranks 40th of 178 countries.
Japan has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Japan | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.3% | 20.8% | 12.4% | Japan |
| 2000s | 29.6% | 24.2% | 5.3% | Japan |
| 2010s | 27.5% | 19.3% | 8.2% | Japan |
| 2020s | 29.4% | 18.5% | 10.9% | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Japan or Latin America & the Caribbean (IDA & IBRD countries)?
- Japan, at 30.2% against 17.5% in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
- What is the difference in gross savings between Japan and Latin America & the Caribbean (IDA & IBRD countries)?
- 12.7%, with Japan ahead.
- How many years of comparable data are there for Japan and Latin America & the Caribbean (IDA & IBRD countries)?
- 29 years are reported by both, from 1996 to 2024.
- How do Japan and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gross savings?
- Japan ranks 38th and Latin America & the Caribbean (IDA & IBRD countries) ranks 40th 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.