Gross savings in Hong Kong, China
Hong Kong, China: Gross savings was 29.2% in 2024. ▼ Falling
Gross savings in Hong Kong, China, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Hong Kong, China is 29.2%, measured in 2024.
That represents a change of up 18.9% on the previous year and up 15.8% over ten years.
Over the whole period, gross savings in Hong Kong, China peaked at 36.0% in 2008 and was at its lowest, 24.0%, in 2019.
That places Hong Kong, China 44th out of 178 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Gross savings in Hong Kong, China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 30.7% | — |
| 1999 | 31.4% | +2.3% |
| 2000 | 32.0% | +1.8% |
| 2001 | 31.6% | -1.1% |
| 2002 | 31.1% | -1.7% |
| 2003 | 33.2% | +6.7% |
| 2004 | 32.3% | -2.6% |
| 2005 | 32.9% | +2.0% |
| 2006 | 35.0% | +6.2% |
| 2007 | 34.4% | -1.6% |
| 2008 | 36.0% | +4.7% |
| 2009 | 31.7% | -11.9% |
| 2010 | 30.9% | -2.6% |
| 2011 | 29.7% | -3.9% |
| 2012 | 26.8% | -9.8% |
| 2013 | 25.5% | -4.7% |
| 2014 | 25.2% | -1.3% |
| 2015 | 24.9% | -1.4% |
| 2016 | 25.5% | +2.4% |
| 2017 | 26.7% | +4.7% |
| 2018 | 25.7% | -3.4% |
| 2019 | 24.0% | -6.6% |
| 2020 | 26.0% | +8.0% |
| 2021 | 28.6% | +10.2% |
| 2022 | 25.4% | -11.2% |
| 2023 | 24.6% | -3.3% |
| 2024 | 29.2% | +18.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.1% | 30.7% | 31.4% | 2 |
| 2000s | 33.0% | 31.1% | 36.0% | 10 |
| 2010s | 26.5% | 24.0% | 30.9% | 10 |
| 2020s | 26.8% | 24.6% | 29.2% | 5 |
Countries ranked near Hong Kong, China
- 41 Türkiye 29.9% compare
- 42 Uzbekistan 29.5% compare
- 43 Morocco 29.4% compare
- 45 Kazakhstan 29.0% compare
- 46 Saudi Arabia 28.9% compare
- 47 Netherlands 28.8% compare
More economy & growth data for Hong Kong, China
- Total reserves minus gold (current US$), annual growth rate 0.3557 % change on previous year (2023)
- Total reserves minus gold (current US$), per unit of GDP 1.12 current US$ per US$ of GDP (2023)
- Total reserves minus gold (current US$), per capita 56,450 current US$ per person (2023)
- General government final consumption expenditure (current US$) 2.9 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1257 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 7,163 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 2.81 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.9802 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 55,852 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 1.62 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Hong Kong, China?
- Gross savings in Hong Kong, China was 29.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Hong Kong, China?
- The highest recorded value was 36.0% in 2008.
- What is the lowest gross savings recorded in Hong Kong, China?
- The lowest recorded value was 24.0% in 2019.
- How does Hong Kong, China rank for gross savings?
- Hong Kong, China ranks 44th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Hong Kong, China?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is falling.
- Where does this Hong Kong, 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.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.