Gross savings in IDA only
IDA only: Gross savings was 26.3% in 2024. ▲ Rising
Gross savings in IDA only, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in IDA only stood at 26.3%. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 9.6% over ten years.
Over the whole period, gross savings in IDA only peaked at 26.3% in 2024 and was at its lowest, 18.9%, in 1994.
IDA only ranks 16th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross savings in IDA only, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 18.9% | — |
| 2002 | 22.7% | +20.0% |
| 2003 | 23.2% | +1.9% |
| 2004 | 24.6% | +6.3% |
| 2005 | 23.7% | -3.5% |
| 2006 | 24.1% | +1.5% |
| 2007 | 23.5% | -2.6% |
| 2008 | 23.1% | -1.4% |
| 2009 | 23.0% | -0.4% |
| 2010 | 23.6% | +2.4% |
| 2011 | 23.8% | +1.0% |
| 2012 | 23.4% | -1.8% |
| 2013 | 23.3% | -0.3% |
| 2014 | 24.0% | +2.8% |
| 2015 | 23.9% | -0.2% |
| 2016 | 25.0% | +4.6% |
| 2017 | 25.9% | +3.3% |
| 2018 | 26.0% | +0.4% |
| 2019 | 26.0% | +0.3% |
| 2020 | 25.2% | -3.3% |
| 2021 | 25.6% | +1.8% |
| 2022 | 24.8% | -3.4% |
| 2023 | 25.8% | +4.3% |
| 2024 | 26.3% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.9% | 18.9% | 18.9% | 1 |
| 2000s | 23.5% | 22.7% | 24.6% | 8 |
| 2010s | 24.5% | 23.3% | 26.0% | 10 |
| 2020s | 25.5% | 24.8% | 26.3% | 5 |
Countries ranked near IDA only
- 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
- 18 Viet Nam 37.0% compare
- 19 Switzerland 36.7% compare
More economy & growth data for IDA only
- Trade 48.0% (2025)
- Gross capital formation 4.2% (2025)
- Gross capital formation 25.6% (2025)
- Imports of goods and services 600.92 billion current US$ (2025)
- Imports of goods and services 560.85 billion constant 2015 US$ (2025)
- Imports of goods and services 6.4% (2025)
- Imports of goods and services 31.2% (2025)
- External balance on goods and services -8.4% (2025)
- Manufacturing, value added 273.91 billion current US$ (2025)
- Gross domestic savings (current US$), per capita 255.51 current US$ per person (2025)
Frequently asked questions
- What is gross savings in IDA only?
- Gross savings in IDA only was 26.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in IDA only?
- The highest recorded value was 26.3% in 2024.
- What is the lowest gross savings recorded in IDA only?
- The lowest recorded value was 18.9% in 1994.
- How does IDA only rank for gross savings?
- IDA only ranks 16th out of 40 groups with data for 2024.
- Is gross savings rising or falling in IDA only?
- Over the last ten years it is up 9.6%. The long-run trend across the full record is rising.
- Where does this IDA only 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 — 24 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.