Gross domestic savings (% of GDP) in OECD members
OECD members: Gross domestic savings (% of GDP) was 22.6% in 2024. ▼ Falling
Gross domestic savings in OECD members, 1970–2024
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 OECD members is 22.6%, measured in 2024.
That represents a change of down 1.2% on the previous year and up 2.7% over ten years.
Over the whole period, gross domestic savings in OECD members peaked at 27.0% in 1973 and was at its lowest, 20.2%, in 2009.
That places OECD members 24th out of 43 groups 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 OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.9% | — |
| 1971 | 25.5% | -1.5% |
| 1972 | 25.8% | +1.3% |
| 1973 | 27.0% | +4.4% |
| 1974 | 26.1% | -3.1% |
| 1975 | 23.9% | -8.6% |
| 1976 | 24.4% | +2.3% |
| 1977 | 24.7% | +1.0% |
| 1978 | 25.6% | +3.8% |
| 1979 | 25.5% | -0.6% |
| 1980 | 24.4% | -4.1% |
| 1981 | 24.6% | +0.7% |
| 1982 | 23.4% | -4.9% |
| 1983 | 23.2% | -0.9% |
| 1984 | 24.4% | +5.1% |
| 1985 | 24.1% | -1.0% |
| 1986 | 24.4% | +1.3% |
| 1987 | 24.4% | -0.0% |
| 1988 | 25.3% | +3.5% |
| 1989 | 25.4% | +0.6% |
| 1990 | 25.0% | -1.7% |
| 1991 | 24.8% | -0.9% |
| 1992 | 24.2% | -2.5% |
| 1993 | 24.0% | -0.7% |
| 1994 | 24.4% | +1.5% |
| 1995 | 25.2% | +3.3% |
| 1996 | 24.9% | -1.0% |
| 1997 | 24.9% | +0.0% |
| 1998 | 24.5% | -1.7% |
| 1999 | 24.0% | -2.1% |
| 2000 | 23.9% | -0.5% |
| 2001 | 22.8% | -4.4% |
| 2002 | 22.1% | -3.3% |
| 2003 | 21.8% | -1.1% |
| 2004 | 22.3% | +2.2% |
| 2005 | 22.3% | +0.2% |
| 2006 | 22.7% | +1.8% |
| 2007 | 23.0% | +1.3% |
| 2008 | 22.2% | -3.5% |
| 2009 | 20.2% | -9.4% |
| 2010 | 20.7% | +2.5% |
| 2011 | 21.1% | +2.1% |
| 2012 | 21.3% | +0.8% |
| 2013 | 21.6% | +1.4% |
| 2014 | 22.0% | +2.0% |
| 2015 | 22.4% | +2.0% |
| 2016 | 22.4% | -0.1% |
| 2017 | 22.8% | +1.8% |
| 2018 | 23.0% | +0.9% |
| 2019 | 23.1% | +0.3% |
| 2020 | 22.9% | -0.9% |
| 2021 | 23.2% | +1.5% |
| 2022 | 22.9% | -1.6% |
| 2023 | 22.8% | -0.0% |
| 2024 | 22.6% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.4% | 23.9% | 27.0% | 10 |
| 1980s | 24.4% | 23.2% | 25.4% | 10 |
| 1990s | 24.6% | 24.0% | 25.2% | 10 |
| 2000s | 22.3% | 20.2% | 23.9% | 10 |
| 2010s | 22.0% | 20.7% | 23.1% | 10 |
| 2020s | 22.9% | 22.6% | 23.2% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 554.27 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.09 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.73 % change on previous year (2024)
Frequently asked questions
- What is gross domestic savings in OECD members?
- Gross domestic savings in OECD members was 22.6% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in OECD members?
- The highest recorded value was 27.0% in 1973.
- What is the lowest gross domestic savings recorded in OECD members?
- The lowest recorded value was 20.2% in 2009.
- How does OECD members rank for gross domestic savings?
- OECD members ranks 24th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in OECD members?
- Over the last ten years it is up 2.7%. The long-run trend across the full record is falling.
- Where does this OECD members 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.