Gross domestic savings (% of GDP) in Japan
Japan: Gross domestic savings (% of GDP) was 26.8% in 2024. ▼ Falling
Gross domestic savings in Japan, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Japan stood at 26.8%.
That represents a change of up 1.8% on the previous year and up 12.5% over ten years.
Over the whole period, gross domestic savings in Japan peaked at 44.6% in 1970 and was at its lowest, 23.0%, in 2013.
That places Japan 54th out of 188 countries 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 (% of GDP) in Japan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 44.6% | — |
| 1971 | 42.8% | -4.1% |
| 1972 | 42.2% | -1.5% |
| 1973 | 42.3% | +0.4% |
| 1974 | 40.7% | -4.0% |
| 1975 | 37.0% | -9.0% |
| 1976 | 36.9% | -0.2% |
| 1977 | 36.8% | -0.4% |
| 1978 | 37.0% | +0.6% |
| 1979 | 36.0% | -2.6% |
| 1980 | 35.8% | -0.7% |
| 1981 | 36.1% | +1.0% |
| 1982 | 35.0% | -3.3% |
| 1983 | 34.5% | -1.2% |
| 1984 | 35.3% | +2.1% |
| 1985 | 35.9% | +1.8% |
| 1986 | 36.3% | +1.1% |
| 1987 | 36.3% | +0.0% |
| 1988 | 37.5% | +3.2% |
| 1989 | 37.7% | +0.6% |
| 1990 | 37.7% | +0.1% |
| 1991 | 38.2% | +1.2% |
| 1992 | 37.1% | -2.9% |
| 1993 | 35.4% | -4.4% |
| 1994 | 34.1% | -3.7% |
| 1995 | 33.5% | -1.7% |
| 1996 | 33.9% | +1.1% |
| 1997 | 33.6% | -0.8% |
| 1998 | 32.4% | -3.5% |
| 1999 | 30.7% | -5.3% |
| 2000 | 31.0% | +0.9% |
| 2001 | 29.6% | -4.5% |
| 2002 | 28.4% | -3.9% |
| 2003 | 28.4% | -0.2% |
| 2004 | 28.6% | +0.6% |
| 2005 | 28.4% | -0.6% |
| 2006 | 28.4% | -0.1% |
| 2007 | 28.5% | +0.6% |
| 2008 | 27.3% | -4.4% |
| 2009 | 24.1% | -11.7% |
| 2010 | 24.9% | +3.3% |
| 2011 | 23.8% | -4.4% |
| 2012 | 23.4% | -1.9% |
| 2013 | 23.0% | -1.6% |
| 2014 | 23.8% | +3.5% |
| 2015 | 26.0% | +9.3% |
| 2016 | 27.0% | +3.9% |
| 2017 | 27.4% | +1.3% |
| 2018 | 27.2% | -0.8% |
| 2019 | 27.0% | -0.4% |
| 2020 | 26.6% | -1.5% |
| 2021 | 26.8% | +0.7% |
| 2022 | 24.7% | -7.7% |
| 2023 | 26.3% | +6.3% |
| 2024 | 26.8% | +1.8% |
Japan compared with similar countries
- Japan's 26.8% is above the median for high income countries, which is 25.7%, 1.0× the median. (67 countries reporting)
- Japan's 26.8% is above the median for East Asia & Pacific, which is 22.0%, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.6% | 36.0% | 44.6% | 10 |
| 1980s | 36.0% | 34.5% | 37.7% | 10 |
| 1990s | 34.7% | 30.7% | 38.2% | 10 |
| 2000s | 28.3% | 24.1% | 31.0% | 10 |
| 2010s | 25.3% | 23.0% | 27.4% | 10 |
| 2020s | 26.3% | 24.7% | 26.8% | 5 |
Countries ranked near Japan
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Frequently asked questions
- What is gross domestic savings in Japan?
- Gross domestic savings in Japan was 26.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Japan?
- The highest recorded value was 44.6% in 1970.
- What is the lowest gross domestic savings recorded in Japan?
- The lowest recorded value was 23.0% in 2013.
- How does Japan rank for gross domestic savings?
- Japan ranks 54th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Japan?
- Over the last ten years it is up 12.5%. The long-run trend across the full record is falling.
- Where does this Japan 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.