Gross domestic savings in Low & middle income
Low & middle income: Gross domestic savings was 12.73 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
12.73 trillion current US$
Change on year
up 0.8%
Rank
7th
of 41 groups
All-time high
13.05 trillion current US$
in 2022
All-time low
52.76 billion current US$
in 1962
Years of data
65
1960–2024
Gross domestic savings in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross domestic savings in Low & middle income stood at 12.73 trillion current US$.
The figure is up 0.8% on the previous year and up 42.4% over ten years.
Over the whole period, gross domestic savings in Low & middle income peaked at 13.05 trillion current US$ in 2022 and was at its lowest, 52.76 billion current US$, in 1962.
Low & middle income ranks 7th of 41 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 69.03 billion current US$ | — |
| 1961 | 61.01 billion current US$ | -11.6% |
| 1962 | 52.76 billion current US$ | -13.5% |
| 1963 | 63.70 billion current US$ | +20.7% |
| 1964 | 73.76 billion current US$ | +15.8% |
| 1965 | 90.24 billion current US$ | +22.3% |
| 1966 | 97.49 billion current US$ | +8.0% |
| 1967 | 90.39 billion current US$ | -7.3% |
| 1968 | 98.45 billion current US$ | +8.9% |
| 1969 | 118.11 billion current US$ | +20.0% |
| 1970 | 132.96 billion current US$ | +12.6% |
| 1971 | 134.57 billion current US$ | +1.2% |
| 1972 | 156.67 billion current US$ | +16.4% |
| 1973 | 217.85 billion current US$ | +39.1% |
| 1974 | 290.83 billion current US$ | +33.5% |
| 1975 | 312.39 billion current US$ | +7.4% |
| 1976 | 348.50 billion current US$ | +11.6% |
| 1977 | 394.00 billion current US$ | +13.1% |
| 1978 | 413.93 billion current US$ | +5.1% |
| 1979 | 496.68 billion current US$ | +20.0% |
| 1980 | 596.71 billion current US$ | +20.1% |
| 1981 | 688.36 billion current US$ | +15.4% |
| 1982 | 642.66 billion current US$ | -6.6% |
| 1983 | 581.84 billion current US$ | -9.5% |
| 1984 | 582.72 billion current US$ | +0.2% |
| 1985 | 635.52 billion current US$ | +9.1% |
| 1986 | 556.78 billion current US$ | -12.4% |
| 1987 | 610.42 billion current US$ | +9.6% |
| 1988 | 644.27 billion current US$ | +5.5% |
| 1989 | 695.35 billion current US$ | +7.9% |
| 1990 | 805.52 billion current US$ | +15.8% |
| 1991 | 754.77 billion current US$ | -6.3% |
| 1992 | 788.80 billion current US$ | +4.5% |
| 1993 | 860.43 billion current US$ | +9.1% |
| 1994 | 993.95 billion current US$ | +15.5% |
| 1995 | 1.20 trillion current US$ | +21.2% |
| 1996 | 1.36 trillion current US$ | +12.6% |
| 1997 | 1.44 trillion current US$ | +6.4% |
| 1998 | 1.42 trillion current US$ | -1.9% |
| 1999 | 1.27 trillion current US$ | -10.7% |
| 2000 | 1.44 trillion current US$ | +13.5% |
| 2001 | 1.47 trillion current US$ | +2.3% |
| 2002 | 1.56 trillion current US$ | +6.0% |
| 2003 | 1.80 trillion current US$ | +15.5% |
| 2004 | 2.28 trillion current US$ | +26.9% |
| 2005 | 2.78 trillion current US$ | +21.7% |
| 2006 | 3.47 trillion current US$ | +24.8% |
| 2007 | 4.38 trillion current US$ | +26.2% |
| 2008 | 5.40 trillion current US$ | +23.3% |
| 2009 | 5.27 trillion current US$ | -2.3% |
| 2010 | 6.67 trillion current US$ | +26.5% |
| 2011 | 7.68 trillion current US$ | +15.1% |
| 2012 | 8.14 trillion current US$ | +6.0% |
| 2013 | 8.57 trillion current US$ | +5.2% |
| 2014 | 8.94 trillion current US$ | +4.4% |
| 2015 | 8.48 trillion current US$ | -5.2% |
| 2016 | 8.40 trillion current US$ | -0.9% |
| 2017 | 9.25 trillion current US$ | +10.2% |
| 2018 | 10.05 trillion current US$ | +8.6% |
| 2019 | 10.32 trillion current US$ | +2.7% |
| 2020 | 10.10 trillion current US$ | -2.1% |
| 2021 | 12.44 trillion current US$ | +23.2% |
| 2022 | 13.05 trillion current US$ | +4.9% |
| 2023 | 12.64 trillion current US$ | -3.1% |
| 2024 | 12.73 trillion current US$ | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 81.49 billion current US$ | 52.76 billion current US$ | 118.11 billion current US$ | 10 |
| 1970s | 289.84 billion current US$ | 132.96 billion current US$ | 496.68 billion current US$ | 10 |
| 1980s | 623.46 billion current US$ | 556.78 billion current US$ | 695.35 billion current US$ | 10 |
| 1990s | 1.09 trillion current US$ | 754.77 billion current US$ | 1.44 trillion current US$ | 10 |
| 2000s | 2.98 trillion current US$ | 1.44 trillion current US$ | 5.40 trillion current US$ | 10 |
| 2010s | 8.65 trillion current US$ | 6.67 trillion current US$ | 10.32 trillion current US$ | 10 |
| 2020s | 12.19 trillion current US$ | 10.10 trillion current US$ | 13.05 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 4 Germany 1.23 trillion current US$ compare
- 5 Japan 1.12 trillion current US$ compare
- 6 Russian Federation 759.03 billion current US$ compare
- 7 United Kingdom of Great Britain and Northern Ireland 733.94 billion current US$ compare
- 8 France 724.82 billion current US$ compare
- 9 Republic of Korea 642.79 billion current US$ compare
- 10 Italy 616.98 billion current US$ compare
More economy & growth data for Low & middle income
- Manufacturing, value added 20.1% (2025)
- Imports of goods and services 24.3% (2025)
- External balance on goods and services 0.9% (2025)
- Trade in services 8.2% (2025)
- Agriculture, forestry, and fishing, value added 3.45 trillion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.4% (2025)
- Manufacturing, value added 8.32 trillion current US$ (2025)
- Services, value added 23.90 trillion current US$ (2025)
- Industry (including construction), value added 32.3% (2025)
- Industry (including construction), value added 4.2% (2025)
Frequently asked questions
- What is gross domestic savings in Low & middle income?
- Gross domestic savings in Low & middle income was 12.73 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Low & middle income?
- The highest recorded value was 13.05 trillion current US$ in 2022.
- What is the lowest gross domestic savings recorded in Low & middle income?
- The lowest recorded value was 52.76 billion current US$ in 1962.
- How does Low & middle income rank for gross domestic savings?
- Low & middle income ranks 7th out of 41 groups with data for 2024.
- Is gross domestic savings rising or falling in Low & middle income?
- Over the last ten years it is up 42.4%. The long-run trend across the full record is volatile.
- Where does this Low & middle income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.