Gross savings in China
China: Gross savings was 42.7% in 2024. ▲ Rising
Gross savings in China, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in China is 42.7%, measured in 2024.
That represents a change of up 0.3% on the previous year and down 9.6% over ten years.
Over the whole period, gross savings in China peaked at 51.3% in 2008 and was at its lowest, 33.1%, in 1983.
China ranks 8th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 43 years of available data.
Gross savings in China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 33.7% | — |
| 1983 | 33.1% | -1.9% |
| 1984 | 34.8% | +5.3% |
| 1985 | 35.2% | +1.1% |
| 1986 | 35.2% | -0.1% |
| 1987 | 37.2% | +5.6% |
| 1988 | 37.9% | +2.0% |
| 1989 | 35.8% | -5.5% |
| 1990 | 36.6% | +2.3% |
| 1991 | 38.4% | +4.9% |
| 1992 | 40.5% | +5.5% |
| 1993 | 41.6% | +2.6% |
| 1994 | 41.6% | -0.1% |
| 1995 | 39.4% | -5.3% |
| 1996 | 38.6% | -2.0% |
| 1997 | 39.5% | +2.5% |
| 1998 | 38.2% | -3.5% |
| 1999 | 36.4% | -4.7% |
| 2000 | 35.6% | -2.2% |
| 2001 | 37.1% | +4.2% |
| 2002 | 38.7% | +4.3% |
| 2003 | 42.2% | +9.1% |
| 2004 | 45.4% | +7.6% |
| 2005 | 45.5% | +0.4% |
| 2006 | 47.8% | +4.9% |
| 2007 | 49.8% | +4.2% |
| 2008 | 51.3% | +3.0% |
| 2009 | 49.9% | -2.7% |
| 2010 | 50.8% | +1.8% |
| 2011 | 48.6% | -4.2% |
| 2012 | 48.2% | -0.9% |
| 2013 | 47.0% | -2.4% |
| 2014 | 47.3% | +0.5% |
| 2015 | 45.1% | -4.6% |
| 2016 | 43.9% | -2.7% |
| 2017 | 44.3% | +1.0% |
| 2018 | 43.8% | -1.2% |
| 2019 | 43.3% | -1.1% |
| 2020 | 43.5% | +0.5% |
| 2021 | 44.7% | +2.7% |
| 2022 | 44.8% | +0.3% |
| 2023 | 42.6% | -5.0% |
| 2024 | 42.7% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 35.4% | 33.1% | 37.9% | 8 |
| 1990s | 39.1% | 36.4% | 41.6% | 10 |
| 2000s | 44.3% | 35.6% | 51.3% | 10 |
| 2010s | 46.2% | 43.3% | 50.8% | 10 |
| 2020s | 43.7% | 42.6% | 44.8% | 5 |
Countries ranked near China
More economy & growth data for China
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- Industry (including construction), value added (current US$), annual 2.01 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3564 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,941 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 1.91 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 2.56 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 35,522 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3727 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in China?
- Gross savings in China was 42.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in China?
- The highest recorded value was 51.3% in 2008.
- What is the lowest gross savings recorded in China?
- The lowest recorded value was 33.1% in 1983.
- How does China rank for gross savings?
- China ranks 8th out of 177 countries with data for 2024.
- Is gross savings rising or falling in China?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is rising.
- Where does this China data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.