Adjusted savings: gross savings in Saudi Arabia
Saudi Arabia: Adjusted savings: gross savings was 24.1% in 2020. ▼ Falling
Adjusted savings: gross savings in Saudi Arabia, 1971–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Saudi Arabia is 24.1%, measured in 2020.
That represents a change of down 28.2% on the previous year and down 44.0% over ten years.
Over the whole period, adjusted savings: gross savings in Saudi Arabia peaked at 74.8% in 1974 and was at its lowest, 8.4%, in 1991.
Saudi Arabia ranks 79th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Adjusted savings: gross savings in Saudi Arabia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1971 | 43.6% | — |
| 1972 | 47.1% | +8.2% |
| 1973 | 46.3% | -1.9% |
| 1974 | 74.8% | +61.6% |
| 1975 | 59.4% | -20.6% |
| 1976 | 59.8% | +0.8% |
| 1977 | 48.2% | -19.4% |
| 1978 | 34.7% | -28.0% |
| 1979 | 38.8% | +11.8% |
| 1980 | 51.7% | +33.2% |
| 1981 | 46.8% | -9.5% |
| 1982 | 32.3% | -31.0% |
| 1983 | 22.5% | -30.3% |
| 1984 | 18.7% | -16.9% |
| 1985 | 15.4% | -17.7% |
| 1986 | 12.1% | -21.3% |
| 1987 | 12.0% | -1.3% |
| 1988 | 15.0% | +25.2% |
| 1989 | 12.5% | -16.6% |
| 1990 | 14.6% | +17.0% |
| 1991 | 8.4% | -42.5% |
| 1992 | 16.5% | +96.4% |
| 1993 | 15.2% | -8.0% |
| 1994 | 15.3% | +0.7% |
| 1995 | 19.5% | +27.4% |
| 1996 | 22.2% | +13.6% |
| 1997 | 22.8% | +2.8% |
| 1998 | 16.6% | -27.0% |
| 1999 | 25.3% | +52.2% |
| 2000 | 30.1% | +19.1% |
| 2001 | 27.8% | -7.8% |
| 2002 | 29.1% | +4.7% |
| 2003 | 34.7% | +19.4% |
| 2004 | 41.9% | +20.6% |
| 2005 | 48.3% | +15.3% |
| 2006 | 48.0% | -0.5% |
| 2007 | 48.2% | +0.4% |
| 2008 | 51.8% | +7.6% |
| 2009 | 35.9% | -30.8% |
| 2010 | 43.0% | +19.8% |
| 2011 | 49.9% | +16.0% |
| 2012 | 48.2% | -3.3% |
| 2013 | 43.8% | -9.1% |
| 2014 | 38.1% | -13.1% |
| 2015 | 24.8% | -34.8% |
| 2016 | 26.6% | +7.0% |
| 2017 | 29.9% | +12.5% |
| 2018 | 34.9% | +16.6% |
| 2019 | 33.6% | -3.7% |
| 2020 | 24.1% | -28.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 50.3% | 34.7% | 74.8% | 9 |
| 1980s | 23.9% | 12.0% | 51.7% | 10 |
| 1990s | 17.6% | 8.4% | 25.3% | 10 |
| 2000s | 39.6% | 27.8% | 51.8% | 10 |
| 2010s | 37.3% | 24.8% | 49.9% | 10 |
| 2020s | 24.1% | 24.1% | 24.1% | 1 |
Countries ranked near Saudi Arabia
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 3.05 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 1.12 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 38,523 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.9 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2104 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 7,266 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 0.1026 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.3011 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Saudi Arabia?
- Adjusted savings: gross savings in Saudi Arabia was 24.1% in 2020, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Saudi Arabia?
- The highest recorded value was 74.8% in 1974.
- What is the lowest adjusted savings: gross savings recorded in Saudi Arabia?
- The lowest recorded value was 8.4% in 1991.
- How does Saudi Arabia rank for adjusted savings: gross savings?
- Saudi Arabia ranks 79th out of 178 countries with data for 2020.
- Is adjusted savings: gross savings rising or falling in Saudi Arabia?
- Over the last ten years it is down 44.0%. The long-run trend across the full record is falling.
- Where does this Saudi Arabia 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.
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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.