Gross domestic savings in High income
High income: Gross domestic savings was 23.9% in 2024. ▼ Falling
Gross domestic savings in High income, 1970–2024
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 High income is 23.9%, measured in 2024.
The figure is down 0.8% on the previous year and up 1.7% over ten years.
Over the whole period, gross domestic savings in High income peaked at 27.2% in 1973 and was at its lowest, 21.0%, in 2009.
That places High income 22nd out of 43 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross domestic savings in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.8% | — |
| 1971 | 25.6% | -0.9% |
| 1972 | 25.9% | +1.4% |
| 1973 | 27.2% | +4.9% |
| 1974 | 27.1% | -0.4% |
| 1975 | 24.6% | -9.1% |
| 1976 | 25.3% | +2.8% |
| 1977 | 25.4% | +0.4% |
| 1978 | 26.1% | +2.8% |
| 1979 | 26.1% | +0.1% |
| 1980 | 25.5% | -2.3% |
| 1981 | 25.6% | +0.4% |
| 1982 | 24.0% | -6.5% |
| 1983 | 23.5% | -2.0% |
| 1984 | 24.7% | +5.0% |
| 1985 | 24.2% | -1.8% |
| 1986 | 24.4% | +0.9% |
| 1987 | 24.6% | +0.5% |
| 1988 | 25.4% | +3.4% |
| 1989 | 25.8% | +1.5% |
| 1990 | 25.3% | -2.0% |
| 1991 | 25.2% | -0.4% |
| 1992 | 24.9% | -1.3% |
| 1993 | 24.4% | -1.7% |
| 1994 | 24.7% | +1.0% |
| 1995 | 25.3% | +2.7% |
| 1996 | 25.1% | -0.8% |
| 1997 | 25.1% | +0.1% |
| 1998 | 24.6% | -2.1% |
| 1999 | 24.3% | -1.3% |
| 2000 | 24.5% | +0.8% |
| 2001 | 23.3% | -4.7% |
| 2002 | 22.6% | -3.1% |
| 2003 | 22.4% | -0.6% |
| 2004 | 23.0% | +2.5% |
| 2005 | 23.3% | +1.2% |
| 2006 | 23.8% | +2.2% |
| 2007 | 24.2% | +1.6% |
| 2008 | 23.6% | -2.3% |
| 2009 | 21.0% | -10.9% |
| 2010 | 22.1% | +4.9% |
| 2011 | 22.9% | +3.7% |
| 2012 | 23.1% | +1.0% |
| 2013 | 23.3% | +0.7% |
| 2014 | 23.5% | +1.1% |
| 2015 | 23.5% | -0.1% |
| 2016 | 23.4% | -0.5% |
| 2017 | 23.8% | +1.9% |
| 2018 | 24.2% | +1.5% |
| 2019 | 24.1% | -0.2% |
| 2020 | 23.6% | -2.3% |
| 2021 | 24.4% | +3.6% |
| 2022 | 24.6% | +0.8% |
| 2023 | 24.1% | -2.0% |
| 2024 | 23.9% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.9% | 24.6% | 27.2% | 10 |
| 1980s | 24.8% | 23.5% | 25.8% | 10 |
| 1990s | 24.9% | 24.3% | 25.3% | 10 |
| 2000s | 23.2% | 21.0% | 24.5% | 10 |
| 2010s | 23.4% | 22.1% | 24.2% | 10 |
| 2020s | 24.1% | 23.6% | 24.6% | 5 |
Countries ranked near High income
More economy & growth data for High income
- General government final consumption expenditure (current US$) 5.41 % change on previous year (2024)
- Final consumption expenditure (current US$), annual growth rate 4.57 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 24,947 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.49 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.13 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current US$) 29,826 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.5859 current US$ per US$ of GDP (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7606 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current US$) 4.32 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 7,438 constant 2015 US$ per person (2024)
Frequently asked questions
- What is gross domestic savings in High income?
- Gross domestic savings in High income was 23.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in High income?
- The highest recorded value was 27.2% in 1973.
- What is the lowest gross domestic savings recorded in High income?
- The lowest recorded value was 21.0% in 2009.
- How does High income rank for gross domestic savings?
- High income ranks 22nd out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in High income?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is falling.
- Where does this High 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 (% of GDP). 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 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.