Adjusted savings: gross savings in Hong Kong, China
Hong Kong, China: Adjusted savings: gross savings was 27.0% in 2021. ▼ Falling
Adjusted savings: gross savings in Hong Kong, China, 1998–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
In 2021, adjusted savings: gross savings in Hong Kong, China stood at 27.0%.
That represents a change of up 10.3% on the previous year and down 6.7% over ten years.
Over the whole period, adjusted savings: gross savings in Hong Kong, China peaked at 34.2% in 2006 and was at its lowest, 22.9%, in 2019.
That places Hong Kong, China 66th out of 178 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Adjusted savings: gross savings in Hong Kong, China, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1998 | 30.1% | — |
| 1999 | 30.8% | +2.2% |
| 2000 | 31.7% | +3.0% |
| 2001 | 30.9% | -2.6% |
| 2002 | 30.9% | -0.1% |
| 2003 | 32.3% | +4.7% |
| 2004 | 31.6% | -2.2% |
| 2005 | 32.8% | +3.6% |
| 2006 | 34.2% | +4.3% |
| 2007 | 33.3% | -2.4% |
| 2008 | 34.0% | +2.0% |
| 2009 | 30.8% | -9.4% |
| 2010 | 30.3% | -1.8% |
| 2011 | 28.9% | -4.4% |
| 2012 | 26.4% | -8.6% |
| 2013 | 25.1% | -5.1% |
| 2014 | 24.7% | -1.5% |
| 2015 | 24.4% | -1.2% |
| 2016 | 24.8% | +1.8% |
| 2017 | 25.5% | +2.8% |
| 2018 | 24.6% | -3.8% |
| 2019 | 22.9% | -6.8% |
| 2020 | 24.5% | +6.9% |
| 2021 | 27.0% | +10.3% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 27.0% is above the median for high income countries, which is 25.4%, 1.1× the median. (62 countries reporting)
- Hong Kong, China's 27.0% is below the median for East Asia & Pacific, which is 28.8%, 94% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.5% | 30.1% | 30.8% | 2 |
| 2000s | 32.3% | 30.8% | 34.2% | 10 |
| 2010s | 25.8% | 22.9% | 30.3% | 10 |
| 2020s | 25.7% | 24.5% | 27.0% | 2 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is adjusted savings: gross savings in Hong Kong, China?
- Adjusted savings: gross savings in Hong Kong, China was 27.0% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Hong Kong, China?
- The highest recorded value was 34.2% in 2006.
- What is the lowest adjusted savings: gross savings recorded in Hong Kong, China?
- The lowest recorded value was 22.9% in 2019.
- How does Hong Kong, China rank for adjusted savings: gross savings?
- Hong Kong, China ranks 66th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Hong Kong, China?
- Over the last ten years it is down 6.7%. The long-run trend across the full record is falling.
- Where does this Hong Kong, China data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current 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.