Gross domestic savings in Upper middle income
Upper middle income: Gross domestic savings was 35.3% in 2024. ▲ Rising
Gross domestic savings in Upper 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 Upper middle income is 35.3%, measured in 2024.
That represents a change of down 0.9% on the previous year and down 1.1% over ten years.
Over the whole period, gross domestic savings in Upper middle income peaked at 38.1% in 2021 and was at its lowest, 18.7%, in 1962.
That places Upper middle income 5th 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 Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 29.5% | — |
| 1961 | 24.7% | -16.2% |
| 1962 | 18.7% | -24.4% |
| 1963 | 20.5% | +9.6% |
| 1964 | 23.8% | +16.1% |
| 1965 | 27.4% | +15.2% |
| 1966 | 27.5% | +0.2% |
| 1967 | 25.5% | -7.2% |
| 1968 | 25.1% | -1.5% |
| 1969 | 26.9% | +7.1% |
| 1970 | 27.2% | +1.2% |
| 1971 | 26.4% | -2.9% |
| 1972 | 26.7% | +1.2% |
| 1973 | 28.8% | +7.8% |
| 1974 | 29.6% | +2.8% |
| 1975 | 29.1% | -1.8% |
| 1976 | 29.2% | +0.3% |
| 1977 | 29.8% | +1.9% |
| 1978 | 28.6% | -3.9% |
| 1979 | 29.7% | +4.0% |
| 1980 | 30.4% | +2.3% |
| 1981 | 27.2% | -10.6% |
| 1982 | 25.9% | -4.9% |
| 1983 | 25.9% | +0.3% |
| 1984 | 25.4% | -2.0% |
| 1985 | 26.8% | +5.4% |
| 1986 | 24.3% | -9.2% |
| 1987 | 26.7% | +9.6% |
| 1988 | 26.2% | -1.8% |
| 1989 | 26.3% | +0.6% |
| 1990 | 26.3% | -0.1% |
| 1991 | 24.6% | -6.3% |
| 1992 | 24.7% | +0.2% |
| 1993 | 25.4% | +2.9% |
| 1994 | 25.8% | +1.7% |
| 1995 | 25.8% | -0.2% |
| 1996 | 26.1% | +1.1% |
| 1997 | 25.9% | -0.6% |
| 1998 | 25.4% | -1.9% |
| 1999 | 25.8% | +1.5% |
| 2000 | 26.6% | +3.2% |
| 2001 | 27.1% | +1.8% |
| 2002 | 28.3% | +4.6% |
| 2003 | 29.4% | +3.8% |
| 2004 | 31.2% | +6.0% |
| 2005 | 31.7% | +1.8% |
| 2006 | 33.2% | +4.6% |
| 2007 | 34.3% | +3.3% |
| 2008 | 35.5% | +3.7% |
| 2009 | 34.9% | -1.7% |
| 2010 | 36.1% | +3.3% |
| 2011 | 36.1% | +0.1% |
| 2012 | 35.9% | -0.5% |
| 2013 | 35.8% | -0.3% |
| 2014 | 35.7% | -0.3% |
| 2015 | 35.4% | -0.9% |
| 2016 | 34.9% | -1.3% |
| 2017 | 35.3% | +1.0% |
| 2018 | 36.0% | +2.0% |
| 2019 | 35.4% | -1.5% |
| 2020 | 36.2% | +2.3% |
| 2021 | 38.1% | +5.2% |
| 2022 | 38.0% | -0.4% |
| 2023 | 35.6% | -6.2% |
| 2024 | 35.3% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.9% | 18.7% | 29.5% | 10 |
| 1970s | 28.5% | 26.4% | 29.8% | 10 |
| 1980s | 26.5% | 24.3% | 30.4% | 10 |
| 1990s | 25.6% | 24.6% | 26.3% | 10 |
| 2000s | 31.2% | 26.6% | 35.5% | 10 |
| 2010s | 35.6% | 34.9% | 36.1% | 10 |
| 2020s | 36.7% | 35.3% | 38.1% | 5 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Industry (including construction), value added (constant 2015 US$) 0.3152 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added 2.16 trillion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.6% (2025)
- Industry (including construction), value added (constant 2015 US$) 3.69 % change on previous year (2025)
- Industry (including construction), value added 10.96 trillion current US$ (2025)
- Industry (including construction), value added 10.57 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 3.7% (2025)
- Industry (including construction), value added 32.7% (2025)
- Services, value added (current US$), annual growth rate 6.12 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 3,432 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross domestic savings in Upper middle income?
- Gross domestic savings in Upper middle income was 35.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Upper middle income?
- The highest recorded value was 38.1% in 2021.
- What is the lowest gross domestic savings recorded in Upper middle income?
- The lowest recorded value was 18.7% in 1962.
- How does Upper middle income rank for gross domestic savings?
- Upper middle income ranks 5th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in Upper middle income?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is rising.
- Where does this Upper 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.