Gross savings in High income
High income: Gross savings was 23.2% in 2024. ▬ Flat
Gross savings in High income, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in High income is 23.2%, measured in 2024.
Compared with earlier readings it is down 0.6% on the previous year and up 0.3% over ten years.
Over the whole period, gross savings in High income peaked at 24.7% in 1979 and was at its lowest, 19.6%, in 1993.
High income ranks 25th of 42 groups on this measure, in the middle of the range.
Gross savings in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 23.0% | — |
| 1976 | 23.6% | +2.8% |
| 1977 | 23.9% | +1.1% |
| 1978 | 24.5% | +2.4% |
| 1979 | 24.7% | +0.8% |
| 1980 | 23.7% | -4.1% |
| 1981 | 23.4% | -0.9% |
| 1982 | 22.2% | -5.5% |
| 1983 | 21.5% | -3.1% |
| 1984 | 22.8% | +6.2% |
| 1985 | 22.0% | -3.7% |
| 1986 | 21.6% | -1.8% |
| 1987 | 21.9% | +1.7% |
| 1988 | 22.9% | +4.3% |
| 1989 | 22.4% | -1.8% |
| 1990 | 21.8% | -2.8% |
| 1991 | 20.9% | -4.3% |
| 1992 | 19.9% | -4.4% |
| 1993 | 19.6% | -1.7% |
| 1994 | 20.8% | +6.1% |
| 1995 | 21.6% | +3.7% |
| 1996 | 23.3% | +8.1% |
| 1997 | 23.9% | +2.5% |
| 1998 | 23.8% | -0.1% |
| 1999 | 23.7% | -0.7% |
| 2000 | 24.3% | +2.5% |
| 2001 | 23.3% | -4.0% |
| 2002 | 22.4% | -3.9% |
| 2003 | 22.1% | -1.3% |
| 2004 | 22.8% | +3.3% |
| 2005 | 23.2% | +1.8% |
| 2006 | 24.1% | +3.5% |
| 2007 | 23.6% | -1.8% |
| 2008 | 22.1% | -6.4% |
| 2009 | 19.9% | -10.0% |
| 2010 | 21.3% | +6.8% |
| 2011 | 22.1% | +4.1% |
| 2012 | 22.5% | +1.9% |
| 2013 | 22.5% | -0.2% |
| 2014 | 23.1% | +2.6% |
| 2015 | 23.1% | +0.2% |
| 2016 | 22.7% | -1.8% |
| 2017 | 23.3% | +2.6% |
| 2018 | 23.6% | +1.5% |
| 2019 | 23.7% | +0.4% |
| 2020 | 22.8% | -3.9% |
| 2021 | 24.1% | +5.8% |
| 2022 | 24.1% | -0.1% |
| 2023 | 23.3% | -3.4% |
| 2024 | 23.2% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.9% | 23.0% | 24.7% | 5 |
| 1980s | 22.4% | 21.5% | 23.7% | 10 |
| 1990s | 21.9% | 19.6% | 23.9% | 10 |
| 2000s | 22.8% | 19.9% | 24.3% | 10 |
| 2010s | 22.8% | 21.3% | 23.7% | 10 |
| 2020s | 23.5% | 22.8% | 24.1% | 5 |
Countries ranked near High income
- 22 Republic of Korea 35.6% compare
- 23 Denmark 35.4% compare
- 24 Indonesia 35.0% compare
- 25 Ireland 34.9% compare
- 26 Bangladesh 34.8% compare
- 27 India 34.7% compare
- 28 Mauritania 34.4% compare
More economy & growth data for High income
- GDP (current US$), annual growth rate 6.5 % change on previous year (2025)
- Imports of goods and services 30.8% (2025)
- External balance on goods and services 0.9% (2025)
- Trade 60.5% (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 42,382 current US$ per person (2021)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Industry (including construction), value added -0.3% (2024)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
Frequently asked questions
- What is gross savings in High income?
- Gross savings in High income was 23.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in High income?
- The highest recorded value was 24.7% in 1979.
- What is the lowest gross savings recorded in High income?
- The lowest recorded value was 19.6% in 1993.
- How does High income rank for gross savings?
- High income ranks 25th out of 42 groups with data for 2024.
- Is gross savings rising or falling in High income?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is flat.
- Where does this 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.