Gross domestic savings in OECD members
OECD members: Gross domestic savings was 15.42 trillion current US$ in 2024. ◆ Volatile
Gross domestic savings in OECD members, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross domestic savings in OECD members is 15.42 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 38.3% over ten years.
Over the whole period, gross domestic savings in OECD members peaked at 15.42 trillion current US$ in 2024 and was at its lowest, 622.83 billion current US$, in 1970.
OECD members ranks 3rd of 41 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 622.83 billion current US$ | — |
| 1971 | 679.63 billion current US$ | +9.1% |
| 1972 | 799.64 billion current US$ | +17.7% |
| 1973 | 1.01 trillion current US$ | +26.4% |
| 1974 | 1.10 trillion current US$ | +8.7% |
| 1975 | 1.13 trillion current US$ | +2.5% |
| 1976 | 1.25 trillion current US$ | +10.8% |
| 1977 | 1.42 trillion current US$ | +13.9% |
| 1978 | 1.78 trillion current US$ | +25.0% |
| 1979 | 2.04 trillion current US$ | +14.7% |
| 1980 | 2.17 trillion current US$ | +6.5% |
| 1981 | 2.23 trillion current US$ | +2.6% |
| 1982 | 2.09 trillion current US$ | -6.4% |
| 1983 | 2.14 trillion current US$ | +2.4% |
| 1984 | 2.35 trillion current US$ | +9.9% |
| 1985 | 2.45 trillion current US$ | +4.2% |
| 1986 | 3.00 trillion current US$ | +22.8% |
| 1987 | 3.48 trillion current US$ | +15.8% |
| 1988 | 4.06 trillion current US$ | +16.8% |
| 1989 | 4.28 trillion current US$ | +5.3% |
| 1990 | 4.73 trillion current US$ | +10.6% |
| 1991 | 4.97 trillion current US$ | +5.0% |
| 1992 | 5.21 trillion current US$ | +4.9% |
| 1993 | 5.26 trillion current US$ | +0.9% |
| 1994 | 5.71 trillion current US$ | +8.5% |
| 1995 | 6.51 trillion current US$ | +14.1% |
| 1996 | 6.50 trillion current US$ | -0.1% |
| 1997 | 6.41 trillion current US$ | -1.5% |
| 1998 | 6.33 trillion current US$ | -1.2% |
| 1999 | 6.51 trillion current US$ | +2.9% |
| 2000 | 6.63 trillion current US$ | +1.8% |
| 2001 | 6.28 trillion current US$ | -5.3% |
| 2002 | 6.34 trillion current US$ | +0.9% |
| 2003 | 7.01 trillion current US$ | +10.6% |
| 2004 | 7.97 trillion current US$ | +13.8% |
| 2005 | 8.44 trillion current US$ | +5.9% |
| 2006 | 9.07 trillion current US$ | +7.4% |
| 2007 | 10.06 trillion current US$ | +10.9% |
| 2008 | 10.31 trillion current US$ | +2.5% |
| 2009 | 8.74 trillion current US$ | -15.2% |
| 2010 | 9.40 trillion current US$ | +7.5% |
| 2011 | 10.33 trillion current US$ | +9.8% |
| 2012 | 10.40 trillion current US$ | +0.7% |
| 2013 | 10.70 trillion current US$ | +2.8% |
| 2014 | 11.15 trillion current US$ | +4.2% |
| 2015 | 10.73 trillion current US$ | -3.8% |
| 2016 | 10.93 trillion current US$ | +1.9% |
| 2017 | 11.63 trillion current US$ | +6.4% |
| 2018 | 12.41 trillion current US$ | +6.7% |
| 2019 | 12.58 trillion current US$ | +1.3% |
| 2020 | 12.20 trillion current US$ | -3.0% |
| 2021 | 13.86 trillion current US$ | +13.6% |
| 2022 | 14.01 trillion current US$ | +1.1% |
| 2023 | 14.95 trillion current US$ | +6.7% |
| 2024 | 15.42 trillion current US$ | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.18 trillion current US$ | 622.83 billion current US$ | 2.04 trillion current US$ | 10 |
| 1980s | 2.82 trillion current US$ | 2.09 trillion current US$ | 4.28 trillion current US$ | 10 |
| 1990s | 5.81 trillion current US$ | 4.73 trillion current US$ | 6.51 trillion current US$ | 10 |
| 2000s | 8.09 trillion current US$ | 6.28 trillion current US$ | 10.31 trillion current US$ | 10 |
| 2010s | 11.03 trillion current US$ | 9.40 trillion current US$ | 12.58 trillion current US$ | 10 |
| 2020s | 14.09 trillion current US$ | 12.20 trillion current US$ | 15.42 trillion current US$ | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Trade in services 14.9% (2025)
- Gross capital formation 22.5% (2024)
- Imports of goods and services 20.55 trillion current US$ (2025)
- Imports of goods and services 17.02 trillion constant 2015 US$ (2025)
- Imports of goods and services 3.8% (2025)
- Imports of goods and services 28.3% (2025)
- External balance on goods and services -0.1% (2025)
- Manufacturing, value added 12.4% (2022)
- Manufacturing, value added 7.62 trillion constant 2015 US$ (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
Frequently asked questions
- What is gross domestic savings in OECD members?
- Gross domestic savings in OECD members was 15.42 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 OECD members?
- The highest recorded value was 15.42 trillion current US$ in 2024.
- What is the lowest gross domestic savings recorded in OECD members?
- The lowest recorded value was 622.83 billion current US$ in 1970.
- How does OECD members rank for gross domestic savings?
- OECD members ranks 3rd out of 41 groups with data for 2024.
- Is gross domestic savings rising or falling in OECD members?
- Over the last ten years it is up 38.3%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.