Gross domestic savings (% of GDP) in Upper middle income
Upper middle income: Gross domestic savings (% of GDP) 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 (% of GDP) 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 228.01 billion BoP, current US$ (2025)
- Imports of goods and services (current US$), per capita 2,587 current US$ per person (2025)
- Gross capital formation (current US$), annual growth rate 2.09 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.3372 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 3,522 current US$ per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3068 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 3,341 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 4.7 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2376 current US$ per US$ of GDP (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.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.