Gross domestic savings in IDA & IBRD total
IDA & IBRD total: Gross domestic savings was 31.9% in 2024. ▲ Rising
Gross domestic savings in IDA & IBRD total, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in IDA & IBRD total stood at 31.9%.
That represents a change of down 2.6% on the previous year and down 3.2% over ten years.
Over the whole period, gross domestic savings in IDA & IBRD total peaked at 34.8% in 2022 and was at its lowest, 18.1%, in 1962.
IDA & IBRD total ranks 9th of 43 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross domestic savings in IDA & IBRD total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 24.5% | — |
| 1961 | 21.4% | -12.8% |
| 1962 | 18.1% | -15.3% |
| 1963 | 19.8% | +9.2% |
| 1964 | 20.6% | +4.1% |
| 1965 | 22.9% | +11.4% |
| 1966 | 23.9% | +4.2% |
| 1967 | 21.6% | -9.6% |
| 1968 | 22.1% | +2.6% |
| 1969 | 23.8% | +7.3% |
| 1970 | 24.4% | +2.7% |
| 1971 | 22.9% | -6.1% |
| 1972 | 23.8% | +3.7% |
| 1973 | 25.9% | +9.2% |
| 1974 | 27.4% | +5.7% |
| 1975 | 26.7% | -2.5% |
| 1976 | 27.7% | +3.6% |
| 1977 | 27.8% | +0.3% |
| 1978 | 26.3% | -5.2% |
| 1979 | 27.2% | +3.2% |
| 1980 | 27.6% | +1.4% |
| 1981 | 28.4% | +3.0% |
| 1982 | 27.0% | -4.8% |
| 1983 | 25.3% | -6.5% |
| 1984 | 24.8% | -1.9% |
| 1985 | 26.0% | +4.7% |
| 1986 | 22.3% | -14.1% |
| 1987 | 23.9% | +6.9% |
| 1988 | 23.6% | -1.3% |
| 1989 | 24.9% | +5.6% |
| 1990 | 24.1% | -3.1% |
| 1991 | 24.6% | +2.0% |
| 1992 | 25.8% | +4.8% |
| 1993 | 24.0% | -6.9% |
| 1994 | 24.3% | +1.2% |
| 1995 | 25.4% | +4.7% |
| 1996 | 25.6% | +0.9% |
| 1997 | 25.4% | -1.0% |
| 1998 | 25.4% | -0.1% |
| 1999 | 24.0% | -5.5% |
| 2000 | 25.2% | +5.2% |
| 2001 | 25.5% | +1.0% |
| 2002 | 26.3% | +3.2% |
| 2003 | 27.2% | +3.5% |
| 2004 | 29.2% | +7.5% |
| 2005 | 30.0% | +2.6% |
| 2006 | 31.7% | +5.7% |
| 2007 | 32.5% | +2.4% |
| 2008 | 33.3% | +2.5% |
| 2009 | 32.1% | -3.6% |
| 2010 | 33.7% | +5.0% |
| 2011 | 33.4% | -0.9% |
| 2012 | 33.1% | -0.7% |
| 2013 | 32.8% | -0.9% |
| 2014 | 32.9% | +0.2% |
| 2015 | 32.6% | -1.0% |
| 2016 | 32.0% | -2.0% |
| 2017 | 32.2% | +0.7% |
| 2018 | 32.9% | +2.3% |
| 2019 | 32.8% | -0.4% |
| 2020 | 33.1% | +0.9% |
| 2021 | 34.6% | +4.7% |
| 2022 | 34.8% | +0.6% |
| 2023 | 32.7% | -6.0% |
| 2024 | 31.9% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.9% | 18.1% | 24.5% | 10 |
| 1970s | 26.0% | 22.9% | 27.8% | 10 |
| 1980s | 25.4% | 22.3% | 28.4% | 10 |
| 1990s | 24.9% | 24.0% | 25.8% | 10 |
| 2000s | 29.3% | 25.2% | 33.3% | 10 |
| 2010s | 32.8% | 32.0% | 33.7% | 10 |
| 2020s | 33.4% | 31.9% | 34.8% | 5 |
Countries ranked near IDA & IBRD total
- 6 Gabon 50.9% compare
- 7 Suriname 50.7% compare
- 8 San Marino 47.6% compare
- 9 Brunei Darussalam 46.9% compare
- 10 Luxembourg 46.7% compare
- 11 Bahrain 46.1% compare
- 12 Bermuda 45.0% compare
More economy & growth data for IDA & IBRD total
- Foreign direct investment, net outflows (BoP, current US$), per capita 42.58 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0064 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 297.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 457.59 billion BoP, current US$ (2025)
- Services, value added (constant 2015 US$), per capita 3,473 constant 2015 US$ per person (2025)
- Services, value added (current US$), annual growth rate 7.46 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5782 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,824 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.74 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5252 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in IDA & IBRD total?
- Gross domestic savings in IDA & IBRD total was 31.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in IDA & IBRD total?
- The highest recorded value was 34.8% in 2022.
- What is the lowest gross domestic savings recorded in IDA & IBRD total?
- The lowest recorded value was 18.1% in 1962.
- How does IDA & IBRD total rank for gross domestic savings?
- IDA & IBRD total ranks 9th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in IDA & IBRD total?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is rising.
- Where does this IDA & IBRD total 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 — 65 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.