Gross domestic savings (% of GDP) in China
China: Gross domestic savings (% of GDP) was 43.3% in 2024. ▲ Rising
Gross domestic savings in China, 1960–2024
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 China is 43.3%, measured in 2024.
Compared with earlier readings it is up 0.2% on the previous year and down 8.1% over ten years.
Over the whole period, gross domestic savings in China peaked at 50.6% in 2010 and was at its lowest, 15.1%, in 1962.
That places China 13th out of 188 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 65 years of available data.
Gross domestic savings (% of GDP) in China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 37.0% | — |
| 1961 | 19.4% | -47.6% |
| 1962 | 15.1% | -22.1% |
| 1963 | 18.8% | +24.4% |
| 1964 | 26.7% | +42.3% |
| 1965 | 33.3% | +24.5% |
| 1966 | 33.8% | +1.5% |
| 1967 | 28.8% | -14.9% |
| 1968 | 27.1% | -5.8% |
| 1969 | 30.7% | +13.4% |
| 1970 | 36.0% | +17.3% |
| 1971 | 36.7% | +1.9% |
| 1972 | 35.7% | -2.9% |
| 1973 | 36.5% | +2.3% |
| 1974 | 36.0% | -1.3% |
| 1975 | 37.9% | +5.4% |
| 1976 | 34.1% | -10.1% |
| 1977 | 36.7% | +7.6% |
| 1978 | 39.2% | +6.9% |
| 1979 | 37.0% | -5.5% |
| 1980 | 35.2% | -4.8% |
| 1981 | 33.5% | -4.9% |
| 1982 | 33.4% | -0.5% |
| 1983 | 32.5% | -2.7% |
| 1984 | 34.2% | +5.2% |
| 1985 | 34.9% | +2.0% |
| 1986 | 35.1% | +0.6% |
| 1987 | 37.2% | +5.9% |
| 1988 | 37.8% | +1.8% |
| 1989 | 35.7% | -5.7% |
| 1990 | 36.3% | +1.8% |
| 1991 | 38.0% | +4.8% |
| 1992 | 40.2% | +5.8% |
| 1993 | 41.5% | +3.3% |
| 1994 | 41.7% | +0.4% |
| 1995 | 40.8% | -2.2% |
| 1996 | 39.8% | -2.5% |
| 1997 | 40.2% | +1.0% |
| 1998 | 39.4% | -2.0% |
| 1999 | 37.3% | -5.4% |
| 2000 | 36.3% | -2.7% |
| 2001 | 37.9% | +4.4% |
| 2002 | 38.8% | +2.4% |
| 2003 | 41.7% | +7.6% |
| 2004 | 44.5% | +6.6% |
| 2005 | 45.2% | +1.6% |
| 2006 | 47.0% | +3.9% |
| 2007 | 48.5% | +3.3% |
| 2008 | 49.7% | +2.5% |
| 2009 | 49.4% | -0.6% |
| 2010 | 50.6% | +2.3% |
| 2011 | 49.2% | -2.6% |
| 2012 | 48.4% | -1.7% |
| 2013 | 47.9% | -1.0% |
| 2014 | 47.1% | -1.6% |
| 2015 | 45.7% | -3.1% |
| 2016 | 44.4% | -2.7% |
| 2017 | 44.5% | +0.2% |
| 2018 | 44.2% | -0.7% |
| 2019 | 43.5% | -1.6% |
| 2020 | 44.2% | +1.7% |
| 2021 | 45.3% | +2.4% |
| 2022 | 45.6% | +0.6% |
| 2023 | 43.2% | -5.1% |
| 2024 | 43.3% | +0.2% |
China compared with similar countries
- China's 43.3% is above the median for upper middle income countries, which is 18.9%, 2.3× the median. (52 countries reporting)
- China's 43.3% is above the median for East Asia & Pacific, which is 22.0%, 2.0× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1961 | -47.6% | 37.0% | 19.4% |
| 1964 | +42.3% | 18.8% | 26.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 27.1% | 15.1% | 37.0% | 10 |
| 1970s | 36.6% | 34.1% | 39.2% | 10 |
| 1980s | 34.9% | 32.5% | 37.8% | 10 |
| 1990s | 39.5% | 36.3% | 41.7% | 10 |
| 2000s | 43.9% | 36.3% | 49.7% | 10 |
| 2010s | 46.6% | 43.5% | 50.6% | 10 |
| 2020s | 44.3% | 43.2% | 45.6% | 5 |
Countries ranked near China
More economy & growth data for China
- Real gdp growth, annual growth rate -0.8795 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.95 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0029 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 39.69 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.8948 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 28.98 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 1.91 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in China?
- Gross domestic savings in China was 43.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in China?
- The highest recorded value was 50.6% in 2010.
- What is the lowest gross domestic savings recorded in China?
- The lowest recorded value was 15.1% in 1962.
- How does China rank for gross domestic savings?
- China ranks 13th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in China?
- Over the last ten years it is down 8.1%. The long-run trend across the full record is rising.
- Where does this China 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.