Gross domestic savings in Late-demographic dividend
Late-demographic dividend: Gross domestic savings was 37.6% in 2024. ▲ Rising
Gross domestic savings in Late-demographic dividend, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Late-demographic dividend recorded 37.6% for gross domestic savings in 2024.
That represents a change of down 0.4% on the previous year and down 1.2% over ten years.
Over the whole period, gross domestic savings in Late-demographic dividend peaked at 40.3% in 2022 and was at its lowest, 10.1%, in 1962.
That places Late-demographic dividend 4th out of 43 groups 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 in Late-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 26.4% | — |
| 1961 | 15.7% | -40.2% |
| 1962 | 10.1% | -35.7% |
| 1963 | 13.5% | +33.7% |
| 1964 | 17.6% | +30.2% |
| 1965 | 23.1% | +31.2% |
| 1966 | 23.3% | +0.8% |
| 1967 | 18.9% | -19.1% |
| 1968 | 17.7% | -6.3% |
| 1969 | 20.7% | +17.1% |
| 1970 | 22.4% | +8.5% |
| 1971 | 22.3% | -0.5% |
| 1972 | 22.1% | -1.2% |
| 1973 | 24.9% | +12.8% |
| 1974 | 27.4% | +10.0% |
| 1975 | 28.5% | +4.2% |
| 1976 | 25.4% | -10.9% |
| 1977 | 26.5% | +4.0% |
| 1978 | 26.1% | -1.2% |
| 1979 | 26.3% | +0.5% |
| 1980 | 27.7% | +5.5% |
| 1981 | 26.0% | -6.1% |
| 1982 | 23.9% | -8.1% |
| 1983 | 23.9% | -0.1% |
| 1984 | 24.9% | +4.1% |
| 1985 | 26.5% | +6.6% |
| 1986 | 24.8% | -6.3% |
| 1987 | 28.2% | +13.3% |
| 1988 | 27.3% | -3.2% |
| 1989 | 29.9% | +9.9% |
| 1990 | 26.6% | -11.0% |
| 1991 | 29.5% | +10.5% |
| 1992 | 33.7% | +14.4% |
| 1993 | 30.5% | -9.6% |
| 1994 | 29.3% | -3.8% |
| 1995 | 26.9% | -8.2% |
| 1996 | 26.6% | -1.0% |
| 1997 | 26.4% | -1.0% |
| 1998 | 26.6% | +0.6% |
| 1999 | 28.3% | +6.6% |
| 2000 | 29.7% | +4.7% |
| 2001 | 30.2% | +1.9% |
| 2002 | 31.0% | +2.4% |
| 2003 | 32.8% | +5.8% |
| 2004 | 34.5% | +5.3% |
| 2005 | 35.0% | +1.4% |
| 2006 | 36.1% | +3.4% |
| 2007 | 36.8% | +1.9% |
| 2008 | 37.5% | +1.7% |
| 2009 | 36.4% | -3.0% |
| 2010 | 38.3% | +5.4% |
| 2011 | 38.7% | +0.9% |
| 2012 | 38.7% | -0.1% |
| 2013 | 38.3% | -1.0% |
| 2014 | 38.1% | -0.5% |
| 2015 | 38.4% | +0.8% |
| 2016 | 37.5% | -2.3% |
| 2017 | 37.5% | +0.1% |
| 2018 | 38.2% | +1.9% |
| 2019 | 37.6% | -1.6% |
| 2020 | 38.3% | +1.8% |
| 2021 | 40.1% | +4.7% |
| 2022 | 40.3% | +0.5% |
| 2023 | 37.8% | -6.2% |
| 2024 | 37.6% | -0.4% |
Biggest year-on-year movements
Years where Gross domestic savings in Late-demographic dividend 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 | -40.2% | 26.4% | 15.7% |
| 1962 | -35.7% | 15.7% | 10.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.7% | 10.1% | 26.4% | 10 |
| 1970s | 25.2% | 22.1% | 28.5% | 10 |
| 1980s | 26.3% | 23.9% | 29.9% | 10 |
| 1990s | 28.4% | 26.4% | 33.7% | 10 |
| 2000s | 34.0% | 29.7% | 37.5% | 10 |
| 2010s | 38.1% | 37.5% | 38.7% | 10 |
| 2020s | 38.8% | 37.6% | 40.3% | 5 |
Countries ranked near Late-demographic dividend
More economy & growth data for Late-demographic dividend
- Foreign direct investment, net outflows (BoP, current US$), gaps 244.79 billion BoP, current US$ (2025)
- Gross capital formation (current US$), annual growth rate 1.41 % change on previous year (2024)
- GDP 31.87 trillion current US$ (2025)
- Inflation, GDP deflator 3.7% (2025)
- Gross capital formation (current US$), per capita 4,321 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.3356 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.3289 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 4,280 current US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 1.15 % change on previous year (2024)
- GDP 28.99 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross domestic savings in Late-demographic dividend?
- Gross domestic savings in Late-demographic dividend was 37.6% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Late-demographic dividend?
- The highest recorded value was 40.3% in 2022.
- What is the lowest gross domestic savings recorded in Late-demographic dividend?
- The lowest recorded value was 10.1% in 1962.
- How does Late-demographic dividend rank for gross domestic savings?
- Late-demographic dividend ranks 4th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in Late-demographic dividend?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is rising.
- Where does this Late-demographic dividend 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.