Gross savings in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Gross savings was 27.4% in 2024. ▲ Rising
Gross savings in Europe & Central Asia (excluding high income), 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Europe & Central Asia (excluding high income) recorded 27.4% for gross savings in 2024.
Compared with earlier readings it is down 3.9% on the previous year and up 7.5% over ten years.
Over the whole period, gross savings in Europe & Central Asia (excluding high income) peaked at 30.8% in 2022 and was at its lowest, 19.3%, in 1994.
That places Europe & Central Asia (excluding high income) 14th out of 42 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross savings in Europe & Central Asia (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 19.3% | — |
| 1995 | 24.4% | +26.9% |
| 1996 | 24.7% | +0.9% |
| 1997 | 23.5% | -4.6% |
| 1998 | 22.8% | -3.0% |
| 1999 | 20.2% | -11.4% |
| 2000 | 21.3% | +5.2% |
| 2001 | 22.9% | +7.8% |
| 2002 | 23.6% | +2.7% |
| 2003 | 22.5% | -4.6% |
| 2004 | 23.8% | +6.1% |
| 2005 | 25.9% | +8.7% |
| 2006 | 27.2% | +5.1% |
| 2007 | 26.2% | -3.7% |
| 2008 | 27.0% | +2.8% |
| 2009 | 23.8% | -11.9% |
| 2010 | 24.3% | +2.3% |
| 2011 | 25.1% | +3.3% |
| 2012 | 25.1% | -0.2% |
| 2013 | 25.0% | -0.2% |
| 2014 | 25.5% | +1.8% |
| 2015 | 26.2% | +2.9% |
| 2016 | 25.0% | -4.6% |
| 2017 | 26.7% | +6.9% |
| 2018 | 28.3% | +6.0% |
| 2019 | 27.2% | -4.2% |
| 2020 | 27.1% | -0.1% |
| 2021 | 29.5% | +8.7% |
| 2022 | 30.8% | +4.5% |
| 2023 | 28.5% | -7.5% |
| 2024 | 27.4% | -3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.5% | 19.3% | 24.7% | 6 |
| 2000s | 24.4% | 21.3% | 27.2% | 10 |
| 2010s | 25.8% | 24.3% | 28.3% | 10 |
| 2020s | 28.7% | 27.1% | 30.8% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
- 11 Cambodia 39.2% compare
- 12 Tajikistan 38.8% compare
- 13 San Marino 38.6% compare
- 14 Gabon 38.4% compare
- 15 Marshall Islands 38.1% compare
- 16 Iran, Islamic Republic of 37.9% compare
- 17 Norway 37.3% compare
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 16.87 % change on previous year (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is gross savings in Europe & Central Asia (excluding high income)?
- Gross savings in Europe & Central Asia (excluding high income) was 27.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 30.8% in 2022.
- What is the lowest gross savings recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 19.3% in 1994.
- How does Europe & Central Asia (excluding high income) rank for gross savings?
- Europe & Central Asia (excluding high income) ranks 14th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (excluding high income) 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.