Gross domestic savings (% of GDP) in United States
United States: Gross domestic savings (% of GDP) was 18.5% in 2024. ▼ Falling
Gross domestic savings in United States, 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 United States is 18.5%, measured in 2024.
That represents a change of down 1.5% on the previous year and up 2.5% over ten years.
Over the whole period, gross domestic savings in United States peaked at 24.3% in 1979 and was at its lowest, 14.9%, in 2009.
That places United States 107th 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 United States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 21.8% | — |
| 1971 | 22.0% | +0.9% |
| 1972 | 22.3% | +1.6% |
| 1973 | 23.6% | +5.8% |
| 1974 | 22.6% | -4.1% |
| 1975 | 21.2% | -6.3% |
| 1976 | 22.0% | +3.4% |
| 1977 | 22.4% | +2.1% |
| 1978 | 23.8% | +6.0% |
| 1979 | 24.3% | +2.1% |
| 1980 | 22.9% | -5.8% |
| 1981 | 23.9% | +4.5% |
| 1982 | 21.5% | -10.1% |
| 1983 | 20.8% | -3.0% |
| 1984 | 22.6% | +8.3% |
| 1985 | 21.6% | -4.4% |
| 1986 | 20.9% | -3.2% |
| 1987 | 20.6% | -1.1% |
| 1988 | 20.7% | +0.5% |
| 1989 | 21.0% | +1.1% |
| 1990 | 20.2% | -3.6% |
| 1991 | 19.6% | -2.9% |
| 1992 | 19.5% | -0.5% |
| 1993 | 19.4% | -0.5% |
| 1994 | 20.0% | +2.9% |
| 1995 | 20.1% | +0.4% |
| 1996 | 20.5% | +2.0% |
| 1997 | 21.2% | +3.5% |
| 1998 | 21.2% | -0.3% |
| 1999 | 20.7% | -2.1% |
| 2000 | 20.0% | -3.7% |
| 2001 | 18.6% | -6.7% |
| 2002 | 17.7% | -4.9% |
| 2003 | 17.2% | -2.9% |
| 2004 | 17.5% | +1.6% |
| 2005 | 17.7% | +1.4% |
| 2006 | 17.8% | +0.8% |
| 2007 | 17.5% | -2.1% |
| 2008 | 16.0% | -8.3% |
| 2009 | 14.9% | -7.2% |
| 2010 | 15.1% | +1.8% |
| 2011 | 15.3% | +1.2% |
| 2012 | 16.6% | +8.1% |
| 2013 | 17.5% | +6.0% |
| 2014 | 18.0% | +2.7% |
| 2015 | 18.5% | +3.0% |
| 2016 | 18.2% | -1.8% |
| 2017 | 18.4% | +1.0% |
| 2018 | 18.7% | +1.7% |
| 2019 | 19.0% | +1.6% |
| 2020 | 18.5% | -2.3% |
| 2021 | 17.8% | -3.9% |
| 2022 | 18.4% | +3.4% |
| 2023 | 18.7% | +1.7% |
| 2024 | 18.5% | -1.5% |
United States compared with similar countries
- United States's 18.5% is below the median for high income countries, which is 25.7%, 72% of the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.6% | 21.2% | 24.3% | 10 |
| 1980s | 21.6% | 20.6% | 23.9% | 10 |
| 1990s | 20.3% | 19.4% | 21.2% | 10 |
| 2000s | 17.5% | 14.9% | 20.0% | 10 |
| 2010s | 17.5% | 15.1% | 19.0% | 10 |
| 2020s | 18.4% | 17.8% | 18.7% | 5 |
Countries ranked near United States
More economy & growth data for United States
- Real gdp growth, annual growth rate -24.2 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in United States?
- Gross domestic savings in United States was 18.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in United States?
- The highest recorded value was 24.3% in 1979.
- What is the lowest gross domestic savings recorded in United States?
- The lowest recorded value was 14.9% in 2009.
- How does United States rank for gross domestic savings?
- United States ranks 107th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in United States?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is falling.
- Where does this United States 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.