Gross savings in Guatemala
Guatemala: Gross savings was 19.3% in 2024. ▲ Rising
Gross savings in Guatemala, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Guatemala is 19.3%, measured in 2024.
The figure is down 1.3% on the previous year and up 64.1% over ten years.
Over the whole period, gross savings in Guatemala peaked at 19.6% in 2023 and was at its lowest, 7.5%, in 1984.
That places Guatemala 104th out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Gross savings in Guatemala, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 19.5% | — |
| 1978 | 17.4% | -10.5% |
| 1979 | 16.1% | -7.6% |
| 1980 | 14.0% | -13.3% |
| 1981 | 10.6% | -24.2% |
| 1982 | 9.7% | -8.7% |
| 1983 | 8.6% | -10.9% |
| 1984 | 7.5% | -12.3% |
| 1985 | 8.9% | +18.2% |
| 1986 | 9.9% | +10.7% |
| 1987 | 7.7% | -22.3% |
| 1988 | 8.5% | +10.6% |
| 1989 | 9.2% | +8.3% |
| 1990 | 10.2% | +11.0% |
| 1991 | 12.3% | +21.1% |
| 1992 | 11.5% | -7.0% |
| 1993 | 11.0% | -4.0% |
| 1994 | 10.8% | -2.0% |
| 1995 | 11.1% | +3.2% |
| 1996 | 9.8% | -12.3% |
| 1997 | 10.1% | +3.4% |
| 1998 | 12.0% | +18.7% |
| 1999 | 11.8% | -1.8% |
| 2000 | 12.5% | +5.8% |
| 2001 | 10.0% | -20.1% |
| 2002 | 13.7% | +37.5% |
| 2003 | 14.3% | +4.5% |
| 2004 | 15.7% | +9.3% |
| 2005 | 13.8% | -11.9% |
| 2006 | 14.4% | +4.0% |
| 2007 | 14.5% | +0.7% |
| 2008 | 11.6% | -19.7% |
| 2009 | 12.8% | +10.3% |
| 2010 | 11.6% | -9.0% |
| 2011 | 11.1% | -4.5% |
| 2012 | 11.6% | +3.9% |
| 2013 | 11.6% | +0.4% |
| 2014 | 11.8% | +1.5% |
| 2015 | 13.6% | +15.3% |
| 2016 | 14.8% | +9.2% |
| 2017 | 14.8% | -0.3% |
| 2018 | 14.7% | -0.8% |
| 2019 | 16.7% | +13.7% |
| 2020 | 18.5% | +11.1% |
| 2021 | 18.9% | +2.2% |
| 2022 | 17.8% | -6.1% |
| 2023 | 19.6% | +10.1% |
| 2024 | 19.3% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.7% | 16.1% | 19.5% | 3 |
| 1980s | 9.4% | 7.5% | 14.0% | 10 |
| 1990s | 11.1% | 9.8% | 12.3% | 10 |
| 2000s | 13.3% | 10.0% | 15.7% | 10 |
| 2010s | 13.2% | 11.1% | 16.7% | 10 |
| 2020s | 18.8% | 17.8% | 19.6% | 5 |
Countries ranked near Guatemala
- 101 Ethiopia 19.7% compare
- 102 Togo 19.5% compare
- 103 New Caledonia 19.3% compare
- 105 Bahamas 19.2% compare
- 106 Sierra Leone 19.2% compare
- 107 Guinea-Bissau 19.1% compare
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 4,631 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.51 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2179 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,437 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.4 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 1.67 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 11,040 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.3 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Guatemala?
- Gross savings in Guatemala was 19.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Guatemala?
- The highest recorded value was 19.6% in 2023.
- What is the lowest gross savings recorded in Guatemala?
- The lowest recorded value was 7.5% in 1984.
- How does Guatemala rank for gross savings?
- Guatemala ranks 104th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Guatemala?
- Over the last ten years it is up 64.1%. The long-run trend across the full record is rising.
- Where does this Guatemala 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.