Gross domestic savings in Low & middle income
Low & middle income: Gross domestic savings was 32.2% in 2024. ▲ Rising
Gross domestic savings in Low & middle income, 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 Low & middle income is 32.2%, measured in 2024.
Compared with earlier readings it is down 2.6% on the previous year and down 4.4% over ten years.
Over the whole period, gross domestic savings in Low & middle income peaked at 35.2% in 2022 and was at its lowest, 18.5%, in 1962.
Low & middle income ranks 8th 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 Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 25.0% | — |
| 1961 | 21.8% | -12.9% |
| 1962 | 18.5% | -15.1% |
| 1963 | 20.2% | +9.0% |
| 1964 | 21.0% | +4.2% |
| 1965 | 23.4% | +11.0% |
| 1966 | 24.3% | +4.1% |
| 1967 | 21.9% | -9.8% |
| 1968 | 22.5% | +2.7% |
| 1969 | 24.2% | +7.5% |
| 1970 | 25.0% | +3.1% |
| 1971 | 23.5% | -6.0% |
| 1972 | 24.4% | +3.8% |
| 1973 | 26.6% | +9.2% |
| 1974 | 27.8% | +4.5% |
| 1975 | 27.0% | -2.7% |
| 1976 | 28.0% | +3.5% |
| 1977 | 28.2% | +0.6% |
| 1978 | 26.7% | -5.3% |
| 1979 | 27.6% | +3.4% |
| 1980 | 28.0% | +1.6% |
| 1981 | 28.8% | +3.0% |
| 1982 | 27.3% | -5.4% |
| 1983 | 25.5% | -6.7% |
| 1984 | 24.9% | -2.1% |
| 1985 | 26.2% | +5.0% |
| 1986 | 22.5% | -14.1% |
| 1987 | 24.0% | +6.8% |
| 1988 | 23.7% | -1.4% |
| 1989 | 24.0% | +1.4% |
| 1990 | 24.3% | +1.1% |
| 1991 | 23.3% | -3.9% |
| 1992 | 23.2% | -0.4% |
| 1993 | 23.5% | +1.0% |
| 1994 | 24.2% | +3.3% |
| 1995 | 25.3% | +4.4% |
| 1996 | 25.7% | +1.7% |
| 1997 | 25.7% | +0.0% |
| 1998 | 25.7% | -0.2% |
| 1999 | 23.8% | -7.4% |
| 2000 | 24.8% | +4.2% |
| 2001 | 25.3% | +2.0% |
| 2002 | 26.4% | +4.5% |
| 2003 | 27.3% | +3.5% |
| 2004 | 29.5% | +8.0% |
| 2005 | 30.4% | +2.9% |
| 2006 | 32.1% | +5.8% |
| 2007 | 33.0% | +2.7% |
| 2008 | 34.2% | +3.5% |
| 2009 | 33.2% | -2.7% |
| 2010 | 34.6% | +4.1% |
| 2011 | 34.1% | -1.6% |
| 2012 | 33.9% | -0.5% |
| 2013 | 33.8% | -0.4% |
| 2014 | 33.7% | -0.1% |
| 2015 | 33.0% | -2.0% |
| 2016 | 32.4% | -1.9% |
| 2017 | 32.7% | +0.8% |
| 2018 | 33.4% | +2.1% |
| 2019 | 33.3% | -0.3% |
| 2020 | 33.7% | +1.2% |
| 2021 | 35.1% | +4.4% |
| 2022 | 35.2% | +0.1% |
| 2023 | 33.1% | -5.9% |
| 2024 | 32.2% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.3% | 18.5% | 25.0% | 10 |
| 1970s | 26.5% | 23.5% | 28.2% | 10 |
| 1980s | 25.5% | 22.5% | 28.8% | 10 |
| 1990s | 24.5% | 23.2% | 25.7% | 10 |
| 2000s | 29.6% | 24.8% | 34.2% | 10 |
| 2010s | 33.5% | 32.4% | 34.6% | 10 |
| 2020s | 33.9% | 32.2% | 35.2% | 5 |
Countries ranked near Low & middle income
- 5 Macau, China 57.7% compare
- 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
More economy & growth data for Low & middle income
- Foreign direct investment, net outflows (BoP, current US$), per capita 39.46 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.99 billion BoP, current US$ (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0832 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 1,950 current US$ per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 2.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.301 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 1,838 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 5.36 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2434 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in Low & middle income?
- Gross domestic savings in Low & middle income was 32.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Low & middle income?
- The highest recorded value was 35.2% in 2022.
- What is the lowest gross domestic savings recorded in Low & middle income?
- The lowest recorded value was 18.5% in 1962.
- How does Low & middle income rank for gross domestic savings?
- Low & middle income ranks 8th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in Low & middle income?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.
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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.