Gross domestic savings in North America
North America: Gross domestic savings was 18.8% in 2024. ▼ Falling
Gross domestic savings in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
North America recorded 18.8% for gross domestic savings in 2024.
Compared with earlier readings it is down 1.7% on the previous year and up 1.2% over ten years.
Over the whole period, gross domestic savings in North America peaked at 24.3% in 1979 and was at its lowest, 15.4%, in 2009.
North America ranks 29th of 43 groups on this measure, 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 North America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 21.8% | — |
| 1971 | 22.0% | +0.8% |
| 1972 | 22.3% | +1.4% |
| 1973 | 23.7% | +6.1% |
| 1974 | 22.9% | -3.3% |
| 1975 | 21.4% | -6.8% |
| 1976 | 22.1% | +3.5% |
| 1977 | 22.4% | +1.5% |
| 1978 | 23.7% | +5.5% |
| 1979 | 24.3% | +2.6% |
| 1980 | 23.0% | -5.2% |
| 1981 | 24.1% | +4.5% |
| 1982 | 21.6% | -10.1% |
| 1983 | 21.0% | -2.8% |
| 1984 | 22.7% | +7.9% |
| 1985 | 21.7% | -4.2% |
| 1986 | 21.0% | -3.5% |
| 1987 | 20.9% | -0.5% |
| 1988 | 21.1% | +0.9% |
| 1989 | 21.2% | +0.8% |
| 1990 | 20.3% | -4.2% |
| 1991 | 19.6% | -3.8% |
| 1992 | 19.4% | -0.8% |
| 1993 | 19.4% | -0.2% |
| 1994 | 20.1% | +3.6% |
| 1995 | 20.3% | +1.1% |
| 1996 | 20.7% | +2.0% |
| 1997 | 21.4% | +3.3% |
| 1998 | 21.3% | -0.4% |
| 1999 | 21.0% | -1.5% |
| 2000 | 20.4% | -2.7% |
| 2001 | 19.1% | -6.5% |
| 2002 | 18.1% | -4.9% |
| 2003 | 17.7% | -2.3% |
| 2004 | 18.1% | +2.2% |
| 2005 | 18.4% | +1.8% |
| 2006 | 18.6% | +0.8% |
| 2007 | 18.3% | -1.7% |
| 2008 | 17.0% | -7.2% |
| 2009 | 15.4% | -9.4% |
| 2010 | 15.8% | +2.6% |
| 2011 | 16.1% | +2.2% |
| 2012 | 17.2% | +6.8% |
| 2013 | 18.1% | +5.3% |
| 2014 | 18.6% | +2.5% |
| 2015 | 18.8% | +1.1% |
| 2016 | 18.4% | -2.0% |
| 2017 | 18.6% | +1.3% |
| 2018 | 18.9% | +1.6% |
| 2019 | 19.2% | +1.5% |
| 2020 | 18.7% | -2.6% |
| 2021 | 18.4% | -1.8% |
| 2022 | 19.0% | +3.4% |
| 2023 | 19.1% | +0.7% |
| 2024 | 18.8% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.7% | 21.4% | 24.3% | 10 |
| 1980s | 21.8% | 20.9% | 24.1% | 10 |
| 1990s | 20.3% | 19.4% | 21.4% | 10 |
| 2000s | 18.1% | 15.4% | 20.4% | 10 |
| 2010s | 18.0% | 15.8% | 19.2% | 10 |
| 2020s | 18.8% | 18.4% | 19.1% | 5 |
Countries ranked near North America
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- GDP (current US$), annual growth rate 4.82 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
- Services, value added (current US$), per capita 52,472 current US$ per person (2021)
Frequently asked questions
- What is gross domestic savings in North America?
- Gross domestic savings in North America was 18.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in North America?
- The highest recorded value was 24.3% in 1979.
- What is the lowest gross domestic savings recorded in North America?
- The lowest recorded value was 15.4% in 2009.
- How does North America rank for gross domestic savings?
- North America ranks 29th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in North America?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is falling.
- Where does this North America 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.