Gross domestic savings in North America
North America: Gross domestic savings was 5.94 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
5.94 trillion current US$
Change on year
up 3.4%
Rank
15th
of 41 groups
All-time high
5.94 trillion current US$
in 2024
All-time low
253.82 billion current US$
in 1970
Years of data
55
1970–2024
Gross domestic savings in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
North America recorded 5.94 trillion current US$ for gross domestic savings in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 64.6% over ten years.
Over the whole period, gross domestic savings in North America peaked at 5.94 trillion current US$ in 2024 and was at its lowest, 253.82 billion current US$, in 1970.
That places North America 15th out of 41 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in North America, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 253.82 billion current US$ | — |
| 1971 | 278.60 billion current US$ | +9.8% |
| 1972 | 311.18 billion current US$ | +11.7% |
| 1973 | 369.34 billion current US$ | +18.7% |
| 1974 | 391.37 billion current US$ | +6.0% |
| 1975 | 397.47 billion current US$ | +1.6% |
| 1976 | 460.38 billion current US$ | +15.8% |
| 1977 | 515.01 billion current US$ | +11.9% |
| 1978 | 608.71 billion current US$ | +18.2% |
| 1979 | 697.66 billion current US$ | +14.6% |
| 1980 | 721.26 billion current US$ | +3.4% |
| 1981 | 845.47 billion current US$ | +17.2% |
| 1982 | 791.64 billion current US$ | -6.4% |
| 1983 | 836.03 billion current US$ | +5.6% |
| 1984 | 996.96 billion current US$ | +19.2% |
| 1985 | 1.02 trillion current US$ | +2.6% |
| 1986 | 1.04 trillion current US$ | +1.7% |
| 1987 | 1.10 trillion current US$ | +6.1% |
| 1988 | 1.21 trillion current US$ | +9.6% |
| 1989 | 1.32 trillion current US$ | +8.9% |
| 1990 | 1.33 trillion current US$ | +1.2% |
| 1991 | 1.32 trillion current US$ | -0.7% |
| 1992 | 1.38 trillion current US$ | +4.2% |
| 1993 | 1.44 trillion current US$ | +4.3% |
| 1994 | 1.58 trillion current US$ | +9.6% |
| 1995 | 1.67 trillion current US$ | +5.9% |
| 1996 | 1.80 trillion current US$ | +7.7% |
| 1997 | 1.97 trillion current US$ | +9.6% |
| 1998 | 2.07 trillion current US$ | +4.6% |
| 1999 | 2.16 trillion current US$ | +4.7% |
| 2000 | 2.24 trillion current US$ | +3.7% |
| 2001 | 2.16 trillion current US$ | -3.8% |
| 2002 | 2.12 trillion current US$ | -1.8% |
| 2003 | 2.19 trillion current US$ | +3.3% |
| 2004 | 2.40 trillion current US$ | +9.6% |
| 2005 | 2.62 trillion current US$ | +9.2% |
| 2006 | 2.82 trillion current US$ | +7.4% |
| 2007 | 2.91 trillion current US$ | +3.5% |
| 2008 | 2.77 trillion current US$ | -4.9% |
| 2009 | 2.44 trillion current US$ | -12.0% |
| 2010 | 2.63 trillion current US$ | +7.8% |
| 2011 | 2.80 trillion current US$ | +6.7% |
| 2012 | 3.11 trillion current US$ | +11.0% |
| 2013 | 3.40 trillion current US$ | +9.1% |
| 2014 | 3.61 trillion current US$ | +6.2% |
| 2015 | 3.73 trillion current US$ | +3.4% |
| 2016 | 3.74 trillion current US$ | +0.3% |
| 2017 | 3.96 trillion current US$ | +5.9% |
| 2018 | 4.23 trillion current US$ | +6.9% |
| 2019 | 4.47 trillion current US$ | +5.5% |
| 2020 | 4.31 trillion current US$ | -3.7% |
| 2021 | 4.73 trillion current US$ | +9.8% |
| 2022 | 5.37 trillion current US$ | +13.5% |
| 2023 | 5.74 trillion current US$ | +6.9% |
| 2024 | 5.94 trillion current US$ | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 428.35 billion current US$ | 253.82 billion current US$ | 697.66 billion current US$ | 10 |
| 1980s | 988.71 billion current US$ | 721.26 billion current US$ | 1.32 trillion current US$ | 10 |
| 1990s | 1.67 trillion current US$ | 1.32 trillion current US$ | 2.16 trillion current US$ | 10 |
| 2000s | 2.47 trillion current US$ | 2.12 trillion current US$ | 2.91 trillion current US$ | 10 |
| 2010s | 3.57 trillion current US$ | 2.63 trillion current US$ | 4.47 trillion current US$ | 10 |
| 2020s | 5.21 trillion current US$ | 4.31 trillion current US$ | 5.94 trillion current US$ | 5 |
Countries ranked near North America
- 12 Canada 517.62 billion current US$ compare
- 13 Turkey 502.05 billion current US$ compare
- 14 Spain 481.07 billion current US$ compare
- 15 Ireland 458.59 billion current US$ compare
- 16 Australia 449.56 billion current US$ compare
- 17 Saudi Arabia 423.90 billion current US$ compare
- 18 Netherlands 413.67 billion current US$ compare
More economy & growth data for North America
- Trade 28.5% (2024)
- Gross capital formation 21.6% (2024)
- Imports of goods and services 4.86 trillion current US$ (2024)
- Imports of goods and services 4.34 trillion constant 2015 US$ (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Trade in services 7.5% (2025)
- Services, value added 19.44 trillion current US$ (2021)
- Industry (including construction), value added 18.2% (2021)
- Industry (including construction), value added 4.69 trillion current US$ (2021)
Frequently asked questions
- What is gross domestic savings in North America?
- Gross domestic savings in North America was 5.94 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 North America?
- The highest recorded value was 5.94 trillion current US$ in 2024.
- What is the lowest gross domestic savings recorded in North America?
- The lowest recorded value was 253.82 billion current US$ in 1970.
- How does North America rank for gross domestic savings?
- North America ranks 15th out of 41 groups with data for 2024.
- Is gross domestic savings rising or falling in North America?
- Over the last ten years it is up 64.6%. The long-run trend across the full record is volatile.
- Where does this North America 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.