Gross domestic savings in Canada
Canada: Gross domestic savings was 22.3% in 2025. ▬ Flat
Gross domestic savings in Canada, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Canada is 22.3%, measured in 2025.
Compared with earlier readings it is down 2.8% on the previous year and up 4.7% over ten years.
Over the whole period, gross domestic savings in Canada peaked at 26.6% in 2005 and was at its lowest, 17.9%, in 1992.
Canada ranks 83rd of 188 countries on this measure, in the middle of the range.
Gross domestic savings in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 20.7% | — |
| 1962 | 22.0% | +6.5% |
| 1963 | 22.6% | +2.5% |
| 1964 | 23.9% | +5.8% |
| 1965 | 25.0% | +4.7% |
| 1966 | 25.6% | +2.5% |
| 1967 | 24.0% | -6.1% |
| 1968 | 23.3% | -3.0% |
| 1969 | 23.2% | -0.3% |
| 1970 | 22.8% | -1.9% |
| 1971 | 22.8% | +0.0% |
| 1972 | 22.7% | -0.3% |
| 1973 | 24.9% | +9.3% |
| 1974 | 25.8% | +3.9% |
| 1975 | 22.9% | -11.4% |
| 1976 | 23.8% | +3.8% |
| 1977 | 22.8% | -4.0% |
| 1978 | 22.9% | +0.5% |
| 1979 | 24.8% | +8.5% |
| 1980 | 24.9% | +0.2% |
| 1981 | 25.9% | +4.0% |
| 1982 | 23.4% | -9.4% |
| 1983 | 23.1% | -1.3% |
| 1984 | 24.2% | +4.8% |
| 1985 | 23.8% | -1.6% |
| 1986 | 22.4% | -5.8% |
| 1987 | 23.5% | +4.8% |
| 1988 | 24.4% | +3.9% |
| 1989 | 23.8% | -2.6% |
| 1990 | 21.5% | -9.4% |
| 1991 | 18.7% | -13.2% |
| 1992 | 17.9% | -4.5% |
| 1993 | 18.5% | +3.4% |
| 1994 | 20.7% | +12.3% |
| 1995 | 22.5% | +8.6% |
| 1996 | 22.8% | +1.3% |
| 1997 | 23.3% | +2.0% |
| 1998 | 23.1% | -0.8% |
| 1999 | 24.4% | +5.9% |
| 2000 | 26.4% | +7.9% |
| 2001 | 25.4% | -3.7% |
| 2002 | 24.2% | -4.7% |
| 2003 | 24.4% | +0.9% |
| 2004 | 25.9% | +5.9% |
| 2005 | 26.6% | +2.9% |
| 2006 | 26.3% | -1.1% |
| 2007 | 26.0% | -1.2% |
| 2008 | 25.8% | -0.8% |
| 2009 | 20.5% | -20.7% |
| 2010 | 21.5% | +5.2% |
| 2011 | 23.0% | +6.6% |
| 2012 | 22.9% | -0.1% |
| 2013 | 23.3% | +1.8% |
| 2014 | 23.9% | +2.6% |
| 2015 | 21.3% | -11.0% |
| 2016 | 20.5% | -4.0% |
| 2017 | 21.3% | +4.2% |
| 2018 | 21.4% | +0.5% |
| 2019 | 21.6% | +0.7% |
| 2020 | 20.5% | -5.1% |
| 2021 | 24.4% | +19.3% |
| 2022 | 25.5% | +4.5% |
| 2023 | 23.7% | -7.0% |
| 2024 | 23.0% | -3.3% |
| 2025 | 22.3% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.4% | 20.7% | 25.6% | 9 |
| 1970s | 23.6% | 22.7% | 25.8% | 10 |
| 1980s | 23.9% | 22.4% | 25.9% | 10 |
| 1990s | 21.3% | 17.9% | 24.4% | 10 |
| 2000s | 25.2% | 20.5% | 26.6% | 10 |
| 2010s | 22.1% | 20.5% | 23.9% | 10 |
| 2020s | 23.2% | 20.5% | 25.5% | 6 |
Countries ranked near Canada
- 80 Botswana 22.7% compare
- 81 Morocco 22.7% compare
- 82 Angola 22.5% compare
- 84 Burkina Faso 22.2% compare
- 85 Costa Rica 22.0% compare
- 86 New Zealand 22.0% compare
More economy & growth data for Canada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8812 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.66 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 1.45 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1752 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 9,759 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.7104 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3218 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 17,922 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 2.82 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.4499 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in Canada?
- Gross domestic savings in Canada was 22.3% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Canada?
- The highest recorded value was 26.6% in 2005.
- What is the lowest gross domestic savings recorded in Canada?
- The lowest recorded value was 17.9% in 1992.
- How does Canada rank for gross domestic savings?
- Canada ranks 83rd out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Canada?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is flat.
- Where does this Canada data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.