Gross domestic savings in Upper middle income
Upper middle income: Gross domestic savings was 11.31 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
11.31 trillion current US$
Change on year
up 2.6%
Rank
10th
of 41 groups
All-time high
11.35 trillion current US$
in 2022
All-time low
32.84 billion current US$
in 1962
Years of data
65
1960–2024
Gross domestic savings in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Upper middle income recorded 11.31 trillion current US$ for gross domestic savings in 2024.
The figure is up 2.6% on the previous year and up 48.2% over ten years.
Over the whole period, gross domestic savings in Upper middle income peaked at 11.35 trillion current US$ in 2022 and was at its lowest, 32.84 billion current US$, in 1962.
That places Upper middle income 10th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Upper middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 52.95 billion current US$ | — |
| 1961 | 43.99 billion current US$ | -16.9% |
| 1962 | 32.84 billion current US$ | -25.3% |
| 1963 | 39.51 billion current US$ | +20.3% |
| 1964 | 52.46 billion current US$ | +32.8% |
| 1965 | 67.64 billion current US$ | +28.9% |
| 1966 | 74.76 billion current US$ | +10.5% |
| 1967 | 70.41 billion current US$ | -5.8% |
| 1968 | 73.43 billion current US$ | +4.3% |
| 1969 | 88.24 billion current US$ | +20.2% |
| 1970 | 97.22 billion current US$ | +10.2% |
| 1971 | 102.81 billion current US$ | +5.7% |
| 1972 | 119.19 billion current US$ | +15.9% |
| 1973 | 169.01 billion current US$ | +41.8% |
| 1974 | 223.93 billion current US$ | +32.5% |
| 1975 | 243.17 billion current US$ | +8.6% |
| 1976 | 264.57 billion current US$ | +8.8% |
| 1977 | 302.49 billion current US$ | +14.3% |
| 1978 | 320.21 billion current US$ | +5.9% |
| 1979 | 388.13 billion current US$ | +21.2% |
| 1980 | 465.18 billion current US$ | +19.9% |
| 1981 | 449.93 billion current US$ | -3.3% |
| 1982 | 421.09 billion current US$ | -6.4% |
| 1983 | 412.48 billion current US$ | -2.0% |
| 1984 | 426.04 billion current US$ | +3.3% |
| 1985 | 462.43 billion current US$ | +8.5% |
| 1986 | 434.23 billion current US$ | -6.1% |
| 1987 | 484.45 billion current US$ | +11.6% |
| 1988 | 510.20 billion current US$ | +5.3% |
| 1989 | 561.49 billion current US$ | +10.1% |
| 1990 | 650.78 billion current US$ | +15.9% |
| 1991 | 594.19 billion current US$ | -8.7% |
| 1992 | 637.70 billion current US$ | +7.3% |
| 1993 | 722.49 billion current US$ | +13.3% |
| 1994 | 829.12 billion current US$ | +14.8% |
| 1995 | 958.64 billion current US$ | +15.6% |
| 1996 | 1.07 trillion current US$ | +11.8% |
| 1997 | 1.13 trillion current US$ | +5.7% |
| 1998 | 1.07 trillion current US$ | -5.1% |
| 1999 | 1.07 trillion current US$ | -0.8% |
| 2000 | 1.20 trillion current US$ | +12.5% |
| 2001 | 1.22 trillion current US$ | +1.9% |
| 2002 | 1.29 trillion current US$ | +5.6% |
| 2003 | 1.49 trillion current US$ | +15.6% |
| 2004 | 1.86 trillion current US$ | +24.8% |
| 2005 | 2.25 trillion current US$ | +20.9% |
| 2006 | 2.78 trillion current US$ | +23.4% |
| 2007 | 3.53 trillion current US$ | +26.9% |
| 2008 | 4.42 trillion current US$ | +25.5% |
| 2009 | 4.32 trillion current US$ | -2.3% |
| 2010 | 5.46 trillion current US$ | +26.4% |
| 2011 | 6.53 trillion current US$ | +19.5% |
| 2012 | 6.94 trillion current US$ | +6.3% |
| 2013 | 7.36 trillion current US$ | +6.1% |
| 2014 | 7.63 trillion current US$ | +3.7% |
| 2015 | 7.31 trillion current US$ | -4.2% |
| 2016 | 7.26 trillion current US$ | -0.6% |
| 2017 | 8.03 trillion current US$ | +10.6% |
| 2018 | 8.76 trillion current US$ | +9.1% |
| 2019 | 8.79 trillion current US$ | +0.4% |
| 2020 | 8.73 trillion current US$ | -0.8% |
| 2021 | 10.91 trillion current US$ | +25.0% |
| 2022 | 11.35 trillion current US$ | +4.0% |
| 2023 | 11.02 trillion current US$ | -2.9% |
| 2024 | 11.31 trillion current US$ | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 59.62 billion current US$ | 32.84 billion current US$ | 88.24 billion current US$ | 10 |
| 1970s | 223.07 billion current US$ | 97.22 billion current US$ | 388.13 billion current US$ | 10 |
| 1980s | 462.75 billion current US$ | 412.48 billion current US$ | 561.49 billion current US$ | 10 |
| 1990s | 873.86 billion current US$ | 594.19 billion current US$ | 1.13 trillion current US$ | 10 |
| 2000s | 2.44 trillion current US$ | 1.20 trillion current US$ | 4.42 trillion current US$ | 10 |
| 2010s | 7.41 trillion current US$ | 5.46 trillion current US$ | 8.79 trillion current US$ | 10 |
| 2020s | 10.66 trillion current US$ | 8.73 trillion current US$ | 11.35 trillion current US$ | 5 |
Countries ranked near Upper middle income
- 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
- 11 Indonesia 538.33 billion current US$ compare
- 12 Canada 517.62 billion current US$ compare
- 13 Türkiye 502.05 billion current US$ compare
More economy & growth data for Upper middle income
- Manufacturing, value added 7.04 trillion current US$ (2025)
- Imports of goods and services 7.97 trillion current US$ (2025)
- Imports of goods and services 23.8% (2025)
- Trade in services 6.9% (2025)
- Trade 48.9% (2025)
- Agriculture, forestry, and fishing, value added 2.16 trillion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.6% (2025)
- Industry (including construction), value added 32.7% (2025)
- Industry (including construction), value added 3.7% (2025)
- Industry (including construction), value added 10.57 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross domestic savings in Upper middle income?
- Gross domestic savings in Upper middle income was 11.31 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 Upper middle income?
- The highest recorded value was 11.35 trillion current US$ in 2022.
- What is the lowest gross domestic savings recorded in Upper middle income?
- The lowest recorded value was 32.84 billion current US$ in 1962.
- How does Upper middle income rank for gross domestic savings?
- Upper middle income ranks 10th out of 41 groups with data for 2024.
- Is gross domestic savings rising or falling in Upper middle income?
- Over the last ten years it is up 48.2%. The long-run trend across the full record is volatile.
- Where does this Upper 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.