Gross savings in Denmark
Denmark: Gross savings was 35.4% in 2024. ▲ Rising
Gross savings in Denmark, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Denmark is 35.4%, measured in 2024.
The figure is up 2.2% on the previous year and up 24.1% over ten years.
Over the whole period, gross savings in Denmark peaked at 35.9% in 2022 and was at its lowest, 15.8%, in 1982.
Denmark ranks 23rd of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross savings in Denmark, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 21.3% | — |
| 1976 | 21.1% | -0.6% |
| 1977 | 21.8% | +3.2% |
| 1978 | 22.2% | +1.5% |
| 1979 | 20.5% | -7.6% |
| 1980 | 18.5% | -9.7% |
| 1981 | 15.9% | -14.0% |
| 1982 | 15.8% | -0.8% |
| 1983 | 17.4% | +10.4% |
| 1984 | 19.0% | +9.0% |
| 1985 | 19.1% | +0.6% |
| 1986 | 20.4% | +6.8% |
| 1987 | 21.2% | +3.9% |
| 1988 | 21.1% | -0.3% |
| 1989 | 21.5% | +1.6% |
| 1990 | 22.6% | +5.2% |
| 1991 | 21.6% | -4.4% |
| 1992 | 22.0% | +2.0% |
| 1993 | 22.0% | -0.2% |
| 1994 | 21.7% | -1.4% |
| 1995 | 22.8% | +5.3% |
| 1996 | 22.9% | +0.4% |
| 1997 | 23.8% | +4.0% |
| 1998 | 23.4% | -1.6% |
| 1999 | 24.2% | +3.5% |
| 2000 | 24.9% | +2.7% |
| 2001 | 25.9% | +3.8% |
| 2002 | 25.2% | -2.6% |
| 2003 | 25.2% | -0.0% |
| 2004 | 25.8% | +2.4% |
| 2005 | 26.2% | +1.8% |
| 2006 | 27.5% | +4.7% |
| 2007 | 26.5% | -3.3% |
| 2008 | 26.9% | +1.3% |
| 2009 | 22.6% | -15.9% |
| 2010 | 24.2% | +7.0% |
| 2011 | 25.3% | +4.6% |
| 2012 | 25.3% | -0.2% |
| 2013 | 26.7% | +5.7% |
| 2014 | 28.5% | +6.8% |
| 2015 | 28.5% | -0.1% |
| 2016 | 28.8% | +0.9% |
| 2017 | 29.3% | +1.8% |
| 2018 | 28.8% | -1.5% |
| 2019 | 29.3% | +1.7% |
| 2020 | 30.0% | +2.2% |
| 2021 | 32.5% | +8.4% |
| 2022 | 35.9% | +10.6% |
| 2023 | 34.6% | -3.6% |
| 2024 | 35.4% | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.4% | 20.5% | 22.2% | 5 |
| 1980s | 19.0% | 15.8% | 21.5% | 10 |
| 1990s | 22.7% | 21.6% | 24.2% | 10 |
| 2000s | 25.7% | 22.6% | 27.5% | 10 |
| 2010s | 27.5% | 24.2% | 29.3% | 10 |
| 2020s | 33.7% | 30.0% | 35.9% | 5 |
Countries ranked near Denmark
- 20 Tanzania, United Republic of 36.5% compare
- 21 Nepal 36.0% compare
- 22 Republic of Korea 35.6% compare
- 24 Indonesia 35.0% compare
- 25 Ireland 34.9% compare
- 26 Bangladesh 34.8% compare
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 7.43 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6266 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 48,230 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 3.18 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 4.15 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 319,372 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.76 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4982 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Denmark?
- Gross savings in Denmark was 35.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Denmark?
- The highest recorded value was 35.9% in 2022.
- What is the lowest gross savings recorded in Denmark?
- The lowest recorded value was 15.8% in 1982.
- How does Denmark rank for gross savings?
- Denmark ranks 23rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Denmark?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is rising.
- Where does this Denmark 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.