Adjusted savings: net national savings in Australia
Australia: Adjusted savings: net national savings was 8.8% in 2021. ▲ Rising
Adjusted savings: net national savings in Australia, 1989–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in Australia stood at 8.8%.
Compared with earlier readings it is up 35.4% on the previous year and up 11.7% over ten years.
Over the whole period, adjusted savings: net national savings in Australia peaked at 9.5% in 1989 and was at its lowest, 1.1%, in 1992.
That places Australia 95th out of 177 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Adjusted savings: net national savings in Australia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1989 | 9.5% | — |
| 1990 | 7.8% | -17.8% |
| 1991 | 3.9% | -50.5% |
| 1992 | 1.1% | -70.3% |
| 1993 | 3.1% | +169.1% |
| 1994 | 5.0% | +62.7% |
| 1995 | 4.2% | -15.4% |
| 1996 | 5.0% | +17.2% |
| 1997 | 5.6% | +13.3% |
| 1998 | 5.3% | -5.3% |
| 1999 | 4.4% | -17.4% |
| 2000 | 4.6% | +4.8% |
| 2001 | 4.3% | -6.8% |
| 2002 | 5.5% | +27.7% |
| 2003 | 5.0% | -8.2% |
| 2004 | 5.3% | +6.0% |
| 2005 | 4.8% | -10.7% |
| 2006 | 5.5% | +16.3% |
| 2007 | 5.4% | -2.8% |
| 2008 | 5.8% | +7.8% |
| 2009 | 7.7% | +33.1% |
| 2010 | 6.1% | -21.4% |
| 2011 | 7.8% | +29.0% |
| 2012 | 8.3% | +6.1% |
| 2013 | 7.4% | -11.3% |
| 2014 | 6.2% | -16.6% |
| 2015 | 4.5% | -26.2% |
| 2016 | 3.1% | -31.0% |
| 2017 | 4.4% | +39.4% |
| 2018 | 4.6% | +4.9% |
| 2019 | 4.9% | +6.2% |
| 2020 | 6.5% | +32.8% |
| 2021 | 8.8% | +35.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.5% | 9.5% | 9.5% | 1 |
| 1990s | 4.5% | 1.1% | 7.8% | 10 |
| 2000s | 5.4% | 4.3% | 7.7% | 10 |
| 2010s | 5.7% | 3.1% | 8.3% | 10 |
| 2020s | 7.6% | 6.5% | 8.8% | 2 |
Countries ranked near Australia
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate -2.11 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3592 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23,391 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.7921 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1832 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,934 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 3.37 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2433 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Australia?
- Adjusted savings: net national savings in Australia was 8.8% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Australia?
- The highest recorded value was 9.5% in 1989.
- What is the lowest adjusted savings: net national savings recorded in Australia?
- The lowest recorded value was 1.1% in 1992.
- How does Australia rank for adjusted savings: net national savings?
- Australia ranks 95th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Australia?
- Over the last ten years it is up 11.7%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.